Pranav Pasricha, CEO
Intellect SEEC is a prime example of a company that is poised to revolutionize the insurance industry. The insurtech company is tackling the biggest challenges of insurance with contemporary technologies like big data, AI / ML and IoT in insurance. Its portfolio covers distribution, underwriting, claims and servicing. While the company has been around for over 25 years, in 2014 it rebuilt its entire technology stack to go cloud-first and deploy contemporary technologies for insurance use cases. The very first result of this restructuring was a risk assessment platform called Intellect Risk Analyst based on technologies like big data and ML which at the time were deemed hype.
Financial Transformation at Helm
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Innovation in payments and banking is playing a crucial role in India’s digitization journey.
By: Manoj Kumar Nambiar, Managing Director and Arvind Murarka, Head IT at Arohan Financial Services (P) Limited
Recent studies states that over 19 percent of the Indian population is still unbanked or is financially
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The Fintech Industry is charting a new course every day, boldly going where no traditional
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10 Most Recommended Financial Solution Providers - 2018
The rise of digital technology has significantly disrupted the landscape in the financial solution space. The fast-paced digitization has unlocked fresher avenues for fintech players, especially the ones associated with SME-based lending. Technologies such as cloud, robotics, block-chain that are widely accepted enable organizations to reduce cost and increase operation efficiency thereby gaining competitive advantage. The large scale adoption of big data technology has brought evolving opportunity for financial solutions vendors to deploy new data sets and algorithms in order to ensure effective capital allocation, cash management, and loan processing.
Traditionally, innovations in the financial solution space have been held back by regulatory uncertainties and a conservative approach on the part of the government on such matters. Separately, incumbent financial institutions have also demonstrated a preference for slow and steady improvements as opposed to disruptive innovations. However, over the past few years, we have seen a paradigm shift in these perspectives.
Well acquainted with this scenario, CIO Insider presents a list of “10 Most Recommended Financial Solution Providers 2018”. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIO Insider editorial board, we believe these solution enablers can help assist businesses in increasing resilience of the platforms by innovating and collaborating in a FinTech driven ecosystem.
|Company Logo||Company Name||Company Management||Company Description|
|accord-fintech||Mukund Shinde, Director||Competencies lie in financial content, software development and database design using a variety of platforms, technologies and financial domain knowledge.|
|cyfuture-india||Anuj Bairathi, Founder & CEO||A provider of data center, cloud, outsourced support services and custom-made solutions across Banking and Finance sector.|
|dravya-financial-solutions||CA Shantanu Bhalerao, Vice President||Avails diversified financial services that include fund raising, debt syndication and financial advisory|
|eko-india-financial-services||Abhishek Sinha, Co-founder & CEO||Provides no-frills bank accounts & deposit, withdrawal and remittance services to customers through mobile banking.|
|intellect-seec||Pranav Pasricha, CEO||Leverages Big Data, AI & machine learning to build portfolio that covers distribution, underwriting, claims and servicing.|
|netspaceindia||Shashi Kant Pandidhar, CEO & Founder||Facilitates full spectrum of banking, insurance and financial solutions that include core banking software, and ERP & SAP management.|
|nucleus-software||Ravi Pratap Singh, CEO||Renders end-to-end loan lifecycle management, lending mobility solutions, and cash management solution to financial services industry.|
|sesame-software-solutions||Vinod VC, Founder & MD||Expertise revolves around financial inclusion solutions, NPA management, banking BI solutions, Fintech, channel & mobile banking solutions, and credit risk management|
|virmati||Ragesh Shah, IT Director||Focuses on Banking & Finance practice, core banking, virtual banking, central data repository and MIS & data warehousing/archiving capabilities.|
|vsoft-technologies||Srinivasa Dronamraju, COO||Offers core & payments-processing solutions that include core banking systems, payment systems, omnichannel banking and mobile applications|