Globsyn Notiva: Empowering Banking Sector With Breakthrough Transaction Monitoring & Security Solutions

Romit Dasgupta - Globsyn Group was established in 1997 by my father, Bikram Dasgupta. The genesis of technology was there in Globsyn and we've always been a tech company at heart. I and my brother, Rahul Dasgupta, are second-generation entrepreneurs who came into the business space roughly two decades ago. My personal background is in technology, and eventually, that culminated in us seeking to shape the technology vertical for the group. We capitalized on the FinTech market opportunity in 2006–2007, which ultimately led to the development of NOTIVA. A FinTech product firm, NOTIVA focuses heavily on compliance and transaction monitoring. Today, we are present in more than fifteen banks where our products are processing 80,000+ transactions daily.

10 Most Recommended Fintech Companies - 2023

Fintech Companies Have Opened Doors for Payment Handling Beyond Boundaries

I ndia is the second largest populated country having the second largest number of internet users. With every passing day the world is developing new technologies which are making our task easier. Financial Technology is one among them which are making our life smoother by allowing us to pay for anything from anywhere with just a single click. Financial technology is better known as Fintech which is the assimilation of the above two words. After the mass penetration of mobile technology to all nooks and corners of the society this technology has grown even more. After the thud of Covid-19 pandemic this fintech companies have outgrown even more because the whole world was celebrating their quarantined life getting stuck to their homes.

In this vital situation, being cashless was the only option left for us to survive and therefore, these online payment companies grew more rapidly. India has been the second largest financial technology hub after the US. Currently, 2200 fintech companies are operating within which 19 percent are based on payment system and the rest are lenders and borrowers. As per the data, 67 percent of the fintech companies have set-up within five years. The recent cost value of this fintech sector is expected to grow $138 million by 2023 and it will touch $150 million by 2025. Overall, it has flourished & touched the zenith of success because of its flexibility & cost-efficiency. Hence forth, its popularity is sky rocketing.

In today’s context, fintech industry has become faster and hassle-free, previously we had to wait hours in the long queue in front of the bank counters but now we can withdraw or deposit money from the cozy corner of our living room through various payment options. Due to amalgamation of trading, budgeting and insurance sector, fintech companies have come-up with special types of algorithms targeting to the banking sector and special software such as NET, JavaScript, TypeScript, Node.js, and more. Further, fintech companies are striking to evolve and promote crypto-currencies such as Bitcoin.

CIO Insider magazine in this issue presents a list of’10 Most Recommended Fintech Companies - 2023’ who have leveraged their extensive industry expertise and experience in bringing innovative solutions to business. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.