by Fintechnews Switzerland
April 30, 2024
The Monetary Expertise Report has launched its number of the world’s prime banking expertise firms of 2024, highlighting the 25 largest and fastest-growing banking expertise firms globally.
The High 25 Banking Applied sciences Firms of 2024 have been chosen for his or her technological experience, impactful contributions, management initiatives, and general affect on the banking sector. These firms make the most of expertise together with synthetic intelligence (AI) and cloud computing to disrupt conventional banking processes and enhance effectivity, accessibility, and person expertise. They supply varied companies, together with banking software program, digital banking merchandise and banking-as-a-service (BaaS).
The 25 featured firms symbolize three areas, with Europe being essentially the most distinguished. Unsurprisingly, the UK is essentially the most represented nation within the continent, boasting a complete of 9 firms. It’s adopted by France and the Netherlands with two firms every, and Germany and Denmark with one firm every.
In the present day, we take a look at the 15 European firms that made it into this 12 months’s prime banking tech firms listing, delving into their product choices and highlighting their development and scale.
Greatest Banking Expertise Firms in UK (9)
Finastra is a worldwide supplier of monetary software program functions and marketplaces. The corporate serves greater than 8,000 establishments, together with 45 of the world’s prime 50 banks, offering software program options and companies throughout lending, funds, treasury and capital markets and common banking (retail, digital and business banking).
Revolut is a worldwide fintech firm providing an all-in-one finance app. The corporate serves greater than 40 million clients all over the world, offering them with banking, foreign money alternate, debit and bank cards, inventory buying and selling, cryptocurrencies companies, and extra.
Monzo is a British digital financial institution that gives checking accounts, debit playing cards, financial savings accounts, entry to exchange-traded funds (ETFs) and a few credit score merchandise. The corporate claims greater than 9 million customers within the UK.
Starling Financial institution is a British digital challenger financial institution offering a variety of restricted private and enterprise banking companies, together with private present accounts, joint accounts, enterprise accounts, and euro accounts. The corporate additionally provides a software-as-a-service (SaaS) proposition via its subsidiary Engine. It claims 3.6 million clients.
Tide is a fintech firm offering mobile-first banking companies for small and medium-sized enterprises (SMEs). It allows companies to arrange a present account and get on the spot entry to varied monetary companies, together with automated bookkeeping, built-in invoicing and loans, and claims 500,000 clients.
ClearBank is a purpose-built, technology-enabled clearing financial institution. By means of its banking license and clever, strong expertise options, ClearBank allows its companions to supply real-time fee and revolutionary banking companies to their clients.
Thought Machine offers cloud-native core banking and funds expertise. The corporate’s core banking platform, Vault Core, is trusted by main banks and monetary establishments worldwide, together with Intesa Sanpaolo, ING Financial institution Śląski, Lloyds Banking Group, Normal Chartered, SEB, Lunar, Atom Financial institution, Curve, and extra.
Allica Financial institution focuses on monetary companies for established companies, specializing in banking options throughout the monetary sector. The corporate provides a variety of merchandise together with enterprise present accounts, financial savings accounts, asset finance, business mortgages, and development finance.
Atom Financial institution is an app-based financial institution, providing award-winning mortgages and financial savings via its app, alongside secured enterprise lending for SMEs. The corporate serves 224,000 clients.
Greatest Banking Expertise Firms in France (2)
Sopra Banking Software program is a worldwide fintech firm serving greater than 1,500 monetary establishments and large-scale lenders in 80 nations worldwide, together with Santander, Societe Generale, KCB Financial institution, Kensington Mortgages, Mercedes-Benz, and Toyota. The corporate’s cloud platform provides shoppers a composable structure to digitize operations, starting from banking, lending, compliance, to funds, and client and asset finance.
Qonto is the answer that simplifies monetary administration of freelancers, SMEs, startups, and associations. The corporate offers a web based enterprise account that’s mixed with invoicing, bookkeeping and spend administration instruments. It claims 450,000 clients.
Greatest Banking Expertise Firms within the Netherlands (2)
Backbase offers the Backbase Engagement Banking Platform, a unified platform that permits banks to speed up their digital transformation. From buyer onboarding, to servicing, loyalty and mortgage origination, the platform improves each facet of the shopper expertise. Backbase serves over 120 monetary establishments together with BNP Paribas, Citibank, Lloyds Banking Group, NatWest, Raiffeisen and Societe Generale.
Mambu is a cloud-native, SaaS core banking platform created with scale, agility, ease of use and velocity in thoughts. The corporate companies greater than 260 banks, lenders, fintech firms, and even retailers, with over 101 million finish customers.
Greatest Banking Expertise Firm in Germany (1)
Solaris is an embedded finance platform. The corporate’s proprietary modular business-to-business (B2B) tech stack and scalable licensing system empowers its companions to supply distinctive, customer-centric monetary companies. Solaris holds a full German banking license, together with a Digital Property Custody license, and in addition an e-money license protecting the UK and the European Financial Space (EEA).
Greatest Banking Expertise Firm in Denmark (1)
Lunar is an impartial, regulated and licensed financial institution. The corporate offers digital banking options together with private and enterprise accounts, financial savings accounts with optimistic rates of interest, and funding alternatives in shares, funds, and ETFs, serving greater than 850,000 customers in Denmark, Sweden and Norway, together with 20,000 entrepreneurs.
The High 25 Banking Applied sciences Firms of 2024 listing additionally options 9 US firms, together with fee large Sq., digital banking startup Chime, and banking tech supplier Nymbus. Latin America is represented by one firm: Pismo, a Brazilian cloud-native monetary transaction processing platform that was acquired final 12 months by Visa for a whopping US$1 billion.
