Top Fintech firms defining the future industry structure: Blockchain, artificial intelligence, and big data are the pillars that are driving the future of financial technology. These technologies are making the banking faster, safer and cost-effective for the customers. The top nine fintech companies that avid reader should look at are:
- Wyre: The Company provides cross-border payment and foreign exchange (FX) engine and serves hundreds of asset management and liquidity providers that transact payments regularly through its platform. The firm claims to deliver payments internationally from one part of the world to another within 6 hours.
- Xendit: This company is also engaged in payment processing systems with a prime focus on building products for South East Asia. Some of the services offered by the firm are: bank transfers, card processing, and escrow services.
- Xero: The company provides accounting software to small and medium size firms. The software is then used largely by the bookkeepers and the accountants of that firm. It claims to be one of the fastest growing online software in the world with over 1 million subscribers
- N26: Named as “Banking by design”, this financial venture is redefining the consumer experience in banking. The consumers can open their accounts within minutes, withdraw cash from ATM and pay through N26 MasterCard. The users can now transact through their phones rather than by laptops or desktop computers
- Circle: Backed by the financial behemoths such as Goldman Sachs and IDG, the firm is aiming to provide more accessible in-person payments with safe and secure platform at a lower cost.
- Simple: By unifying the different accounts under one card, Simple just simplify the customer experience.
- Earnest: This venture combines data science, streamlined design, and exceptional service to bring people a fast, low-cost, and hyper-personalized financial experience.
- Featurespace: This platform uses artificial intelligence and machine learning technology to provide solutions for financial services providers in more than 180 countries.
- InstaMed: InstaMed is a healthcare payments processor through the use of easily-integrated, private cloud computing network.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
