21 Hottest Banking Technology Companies Empowering Financial Services Industry


Accern provides the most comprehensive data coverage for the financial services industry. They capture reliable and actionable stories from the Web and deliver them in real-time via API or SaaS. Users get purpose-built analytics and visualization tools to help make critical trading decisions. The company offers three products: Alpha Stream, Alpha One and Insight Trader. Among its partners are Quantopian, NYU, Berkeley and Wharton.


Banno provides data-enriched Web and transaction marketing services and customer analysis for financial institutions. It provides and powers solutions that help financial institutions harvest behavior-driven banking data to stimulate growth and retain business. Founded in 2008, the company is valued at $6.67 million in 2015 and raised $1 million in funding.

D3 Banking

D3 Banking reduces the cost and complexity of digital banking by providing an omnichannel platform on laptops, smartphones, or tablets. The company provides responsive Web design in a transactional environment to deliver a consistent user experience anytime, anywhere, on any device. The company accumulated $17 million in funding since inception in 2007. Among its partners are Payveris, Profitstars and Blackstone Group.


DemystData provides comprehensive profile and refined customer predictions to help financial institutions optimize customer interactions. Founded in 2010, the company is valued at $33.3 million in 2015. DemystData has powered more than 375 million transactions through comprehensive evaluation with more than 5,000 attributes from more than 150 sources. Among the company's clients are Citi, Accion, Avant, SingTel and others. The company has screened more than 300 million customers.


figo banking API enables developers, startups and banks to connect to every financial service provider. These partners can access every bank account (current, savings, loan, securities, etc.), credit card, e-wallet and other financial services through one single REST-API. The company is valued at $5.19 million with 30,000 active users and $0.778 million in funding.

FinancialForce builds cloud back-office applications for Salesforce CRM. FinancialForce ERP equips customer-centric businesses with a unified cloud platform and all the applications necessary to grow both the top and bottom line. Founded in 2009, the company is valued at almost $1.5 billion with $186 million in total funding. Among its clients are companies like Acumen Solutions, Apex Fund Services, Avid Technology, Inc., Bernstein & Andriulli, Blackbaud Inc., Blackstone Networks, BRG, Dirxion, Silverline and many others. Advent International, Salesforce Ventures, Technology Crossover Ventures and UNIT4 Business Software have invested in FinancialForce.


FinGenius is a bank-grade platform that combines artificial intelligence, machine learning, natural language processing and human-like reasoning to simplify interaction with complex data for banks and insurance companies. Among clients are BNW and Panasonic. The company participated in FinTech Innovation Lab London as one of the seven selected participants to receive mentorship from Accenture and received support from banking giants like Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Lloyds Banking Group and others as one of the most promising startups.


FormFree Holdings Corporation is a SaaS company that specializes in helping FIs to assess customers’ ability to pay. The company collects, certifies, and analyzes financial data to help FIs save time and make better lending decisions. Founded in 2008, the company is valued at $4 million in 2015 and received $0.6 million in funding. Among its partners are companies like Veri-Tax, UPF Services, Trusted Counsel, Strategic Vantage, MeridianLink, Equifax, Bentley and Griffin and Ellie Mae, Inc.

Malauzai Software Inc.

Malauzai Software Inc. is a provider of mobile banking smart apps for community financial institutions. They build mobile banking smart apps for community banks and credit unions for use by their customers and members. The smart apps run across mobile platforms (Apple, Android) and several types of devices from smartphones to tablets. Among the company's clients are BBCN Bank, Park Sterling Bank, Southern Bank, River City FCU and other financial institutions. Founded in 2009, the company is valued at $81 million with almost 300,000 active users and $24.1 million in total funding.


Mambu enables banking providers to create, launch and service loan and deposit products through its cloud banking platform. Mambu accelerates time to market for new consumer and SME banking products via innovative channels. Founded in 2011, the company is valued at almost $13 million with transactions value of $100 million in 2014. Mambu received $1.9 million in funding from KIZOO, Runa Capital, Point Nine Capital. Mambu is powering more than 100 financial institutions. The company's platform allows financial institutions to launch and manage loan products, transactional accounts, documents and optimize a variety of other processes.


MineralTree is a company that delivers mobile payment solutions to banks and their small and medium-sized business customers. MineralTree delivers secure, online payments solutions to banks that are specifically designed to meet the needs of their small and medium-sized business customers. Founded in 2010, the company is valued at $74 million with $22.7 million in funding. First Data Corporation, 406 Ventures and Fidelity Growth Partners have invested in MineralTree.


Moroku is on a mission to help people with their finances. The company creates engaging mobile experiences by gamifying consumer interactions in banking and payments with the Moroku Game System and enabling small to medium-sized businesses to thrive with Marrakash. Moroku operates at the intersection of mobile, gaming and social to create engaging banking and payment experiences that promote customer learning and brand loyalty. In September 2015, Moroku joined the Accenture FinTech Lab.


MyBank is an e-authorization solution which enables digital payments and identity authentication through a consumer’s own online banking portal or mobile application. It is an infrastructure which facilitates real time e-commerce services between seller and buyer banks across Europe.


nCino's Bank Operating System is a comprehensive, fully-integrated bank operating system that was created by bankers, for bankers, to drive increased profitability, productivity gains, regulatory compliance and operating transparency at all organizational levels and across all lines of business. The company sells a cloud-based system to banks to simplify the loan process. The company is valued at $267 million with $49 million in funding. Among investors are Salesforce Ventures, Wellington Management, Insight Venture Partners, Jeff Lunsford and others. The company has partnerships with Salesforce, Deloitte Digital, West Monroe and Precision Lender.

Open Bank Project

The Open Bank Project provides an open source API for banks that developers and companies can use to build innovative applications and services based on the account holders’ transaction data. It uses an enterprise-ready technology stack and supports Internet protocols such as OAuth.


With one of the fastest growing global acquiring network in the world, Payvision connects banks, PSPs, ISOs and their merchants to ONE global acquiring platform. The company processes over 100 million transactions per year with a total of $3 billion in value. Among partners are ProPay, Rentabiliweb Group, Wing Lung Bank, ControlScan, Dah Sing Bank and Virtual Piggy. The company serves more than 300 business partners, acquiring banks, ISOS, PSPS and over 5,000 merchants.


Personetics offers a predictive interaction solution designed specifically for the financial services industry. The company is dedicated to helping all types of financial institutions deliver a more personalized customer experience across all service channels, especially online, mobile and tablet. Founded in 2010, the company is valued at $77 million with $18 million in funding. Among its investors are Lightspeed Venture, Carmel Ventures, Sequoia Capital and Viola. First International Bank is its main client.


Plaid is a banking technology company that creates the infrastructure upon which many of the financial applications are built. Founded in 2012, the company is valued at $19 million with $2.8 million in funding. Among its investors are Spark Capital, Google Ventures, New Enterprise Associates, Felicis Ventures and others. Abacus, Acorns, Robinhood and Digit are the company's main clients. Plaid claims to power the next generation of financial innovation; solutions are provided for simple authentication and transactions aggregation. Plaid Connect offers developers access to user-permissioned financial data. Developers can collect consistent, clean transaction data structured in a machine-readable format.


Tagit is an Enterprise Application Platform company providing mobile banking and commerce solutions to Financial Institutions, Enterprises and Network Switch Operators. Tagit's robust mobile application development platform—Mobeix—seamlessly and securely integrates with client's IT assets to provide scalable mobility solutions across multiple mobile devices and operating systems. The Mobeix platform delivers engaging mobile experiences that increase market reach and speed up time-to-market while reducing complexities and protecting existing IT investments. The Mobeix platform is in compliance with requirements of Payment Application Data Security Standard Version 2.0. Among the company's notable clients are Axis Bank, Citibank, DBS, MCB, Maybank, RBC Royal Bank, Standard Chartered, United Overseas Bank, Port of Singapore Authority, Smartlink Card and JSC.


TheBankCloud is a cloud-based service that enables banks to innovate quickly. The enterprise company offers an app marketplace and a back-end infrastructure to help banks build their own apps. The company offers a portfolio of sales tools & banking Apps, aggregated in a marketplace to serve key areas of sales, advice, servicing, and transactions. Among the company's partners are Microsoft, Oracle, HP, Salesforce, IBM, Amazon Web Services and others.


Zeptoo is an emerging payment switch, empowering financial institutions in developing countries to create alternative payment networks for their merchants and end users. Zeptoo's branchless banking and mobile payments solutions were designed from the ground up for rapid deployment, high performance and easy customization. Zeptoo allows financial institutions to create mobile financial solutions that are customized to address the unique financial, regulatory and market conditions found in their regions. Among its partners are Microsoft, Diebold and Sysde.