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10 Most Promising Cloud Banking Solution Providers 2015

With the advent of technology, the banking sector is undergoing a significant change in terms of enhancing its business processes and expanding its global presence. The increasing costs of deploying and maintaining complex in-house legacy systems is forcing many financial institutions to demand innovative, flexible, and costeffective deployment models for their banking solutions.

Financial institutes are steadily entering the cloud to run core applications. Technology has changed the actual software delivery model along with the agility and speed to deploy new softwares. However, the security concerns of a bank, in particular, weigh heavier than any other corporation as banks are the keepers of a country's most sensitive financial data. The industry as a whole has begun to understand that parts of their business such as their respective websites and third party transactions are already in the cloud. The need of the hour is a secure cloud option which will allow them to extract the advantages surrounding cost and flexibility, as opposed to negating the idea of cloud completely and wisely choosing the right cyber security solution.

In order to simplify and assist CIOs identify the right Cloud Banking solutions; Banking CIO Outlook presents “10 Most Promising Cloud Banking Solution Providers 2015.” A distinguished panel comprising CEOs, CIOs, VCs, analysts, and the Banking CIO Outlook editorial board has selected the top Banking Cloud Solution Providers. In our selection process, we looked at the vendor’s capability to fulfill the need for cost-effective and flexible solutions that add value to the Cloud Banking landscape.

Company Logo Company Name Company Description
Earnix Earnix is a B2B, enterprise SaaS company providing integrated customer analytics solution built in cloud.
Kyriba Provides cloud-based SaaS offerings designed with a full suite of cash and liquidity, treasury, risk management and supply chain finance solutions
Mambu Provides a cloud-based banking solution, which offers an alternative to the costs and complexities of traditional core banking systems.
Payveris Offers an innovative suite of digital payment and money movement solutions delivered through a single unified cloud-based platform.
Praesidio Provides a cloud-based cyber security management solution that includes network monitoring, policy governance, and real-time analytics.
Reval Offers a cloud-based platform that enables enterprises to manage cash,liquidity and financial risk, and to account for and report on complex financial instruments and hedging activities.
Risk Focus Delivers trading, risk and cloud-enabling solutions to the global capital market.
SAP Connects financial institutions and other financial service providers with their corporate customers on a secure cloud network
Temenos Offers cloud banking solutions for a scalable, manageable technology model that reduces IT hardware, maintenance, and development costs.
Yodlee Provides a cloud-enabled SaaS platform for the rapid development and provision of digital financial services.