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CIO Review >> Magazine >> August - 2013 issue

With the world going technical, the BFSI vertical too has increased their IT spending tremendously. It is predicted that this spending will reach $3.5 billion by fiscal year 2014 growing at a CAGR of 13 percent. The BFSI software solution providers are continuously innovating to provide the best possible solution to each of their valuable client to address their specific pain points.

CIOReview has identified this industry and its impeding growth hence we present to you the "10 Most Promising BFSI Software Solution Providers" that are winning the heart of the consumers.

10 Most Promising BFSI Software Solution Provider
Name Founders /CEO Founded Description
Acute Informatics
Ahmedabad, Gujarat
Chirag K. Patel
2005 A provider of solutions focused on Co-operative Banks/Micro Finance, manufacturing, education, HR and Point-of-Sale verticals.
Agile Financial Technologies (Agile FT)
Mumbai, Maharashtra
Kalpesh Desai
2008 An enterprise software products and services provider focused on the banking, financial services and insurance sectors.
DataVision Software Solutions Pvt. Ltd
Pune, Maharashtra
V M Uchil
2001 A provider of products and services to the finance and banking verticals for banking, HR and supply chain managament. It also provides cosultancy, business solutions, system integration and implementation & support services.
ESDS Software Solution Private Limited
Nashik, Maharashtra
Piyush Somani
2005 A provider of end to end core banking services along with microfinance and financial inclusion services ensuring the availability of banking services at an affordable cost to disadvantaged and low-income groups.
Bangalore, Karnataka
Manju S Murthy
2011 A provider of comprehensive end-to-end electronic payment platform and services to acquiring banks and merchants.
Infrasoft Technologies Limited
Mumbai, Maharashtra
Hanuman Tripathi
Group Managing Director
1995 A provider of financial solutions, services and products for core banking, microfinance, anti-money laundering, private banking and wealth management vertical.
Miles Software Solutions Ltd.
Mumbai, Maharashtra
Milan Ganatra
1999 A global provider of comprehensive technology solutions to wealth and asset management firms across the globe.
Sesame Software Solutions Pvt. Ltd
Calicut, Kerala
Vinod VC
Vinod P & Sheje I.C
1993 A provider of business intelligence enabled core banking and Mobile App based core banking product. The company is an ISO 9001: 2000 compliant quality management system certified and NASSCOM member.
Vortex Engineering Pvt. Ltd.
Chennai, Tamil Nadu
V. Vijay Babu
2004 A provider of Automated Teller Machies and its associated services for banks. The company manufactures one of the lowest power consuming ATMs of the world.
VSoft Technologies
Hyderabad, Andhra Pradesh
Murthy Veeraghanta
Chairman & CEO
1996 A provider of financial technology solutions that improve service, reduce cost and maximize efficiency.