Top Financial Institutions in World with Tech in Focus

Innovation and banking are two words not ordinarily referenced in a similar sentence. Be that as it may, digitalization is going on, and it’s happening in the banking industry at a shockingly quick pace with the continuous & rapid growth of the fintech sector.

As per a detailed survey conducted by PwC:

Respondents say skills in their organization lag across a range of highly critical domains, including privacy, business development of new technologies, cybersecurity, user experience, and human-centered design. Worse, skill levels have declined even as the demands of the current digital pace.”                                                       (source –

Due to the fintech solutions’ tremendous potential to disturb the current and customary banking framework, this domain is presently picking up footing in the zones of loaning, credit system, deposits, and asset management. Currently, fintech organizations or the banks dealing with technological solutions are proficiently harnessing cutting-edge technologies to defeat general business difficulties, assemble items and administrations, for example, building products such as last-mile reach & delivery, fraud detection, regulatory compliance, enterprise automation for accounting, alternative credit models, treasury & reconciliation for conventional banks and NBFCs (non-banking financial institutions).

Let’s have a look at the top 5 banks and NBFCs around the world with tech in focus.

Banco Santander – One of the best Financial Institutions in World

Spanish banking leader Santander has made an announcement in April this year that it will be putting €20Bn in technological innovation throughout the following four years, significantly raising the stakes in its digital transformation endeavors.

The bank has recently acquired technological assets from the European merchant payments business of disgraced German payments processor Wirecard and it will enable somewhere around 500 employees to become a part of Banco Santander global merchant services team operating under the Getnet global networks.

Top Financial Institutions in World with Tech in Focus - Top Financial Institutions in World with Tech in Focus

Industry: Banking
CEO: José Antonio Alvarez
Chief Digital Officer: Lindsey Argalas
HQ: Boadilla del Monte, Spain



Founded by Chris Britt (CEO) and Ryan King (CTO) in 2013 as an alternative to traditional banking, Chime has successfully managed to raise cumulative funding of $1.5B and shining like an evergreen star in the financial spectrum with zero physical branches for customer banking operations. 

With over 1M active accounts, the Chime is reportedly one of the fastest-growing banks in the United States. Its banking services can be accessed digitally through Chime mobile banking applications available on the App Store and iOS Store.

NBFCs around the world with tech in focus - Kogta Financial

Their mobile application allows users to check and track their account balances & expenses, daily transactions, or savings. The Chime mobile banking application works with leading digital payment applications such as Samsung Pay, Apple Pay, and Google Pay.

Industry: Banking
CEO: Chris Britt
HQ: San Francisco, California, United States


Kogta Financial

Incorporated by a team of dynamic entrepreneurs – Shri Banwari Lal Kogta, Shri Bal Mukund Kogta, and Shri Radha Krishan Kogta in 1996, Kogta Financial is India based progressive, fast-growing & retail-focused, non-banking finance company and one of the best financial institutions in World focusing on hassle free lending. The company has always been tech-focused and successfully managed to develop path-breaking software & applications like “Accurate” “KFin” and “MotorGaadee” to reduce the paperwork & manual processes involved in the business operations.

During the most recent couple of years, the company has significantly extended its physical branch locations and implemented its second-line of the management team & borrowing relationships. 

Kogta Financial - Best NBFC in India

Industry: Lending
CEO: Arun Kogta
CFO: Varun Kogta
HQ: Jaipur, Rajasthan, India



Avant is a very well-established name in the USA’s money lending and financial industry. It was founded by Al Goldstein, John Sun, and Paul Zhang in 2012, to harness artificial intelligence-enhanced underwriting process and automation at the problem of creating affordable loans for customers.

Credit & Personal loans

Avant works as a digital marketplace or platform that offers uninterrupted access to personal loans, consolidates debts, family vacations, or pays unexpected medical expenses. Through the use of big data, artificial intelligence, and machine-learning algorithms, it offers a customized approach to streamline credit operations.

Industry: Credit & Personal loans
CEO: Al Goldstein
HQ: Chicago, Illinois, United States


illimity Bank

Founded by Corrado Passera and led by a team of highly skilled professionals, illimity is a new era bank or financial institutions in world, characterized by a highly innovative and technological business model, with an extensive stakeholder experience and integrated technologies.

The Bank offers mortgages, certificates of deposits, mutual funds, bonds, saving accounts, leasing, insurance, funding, and mobile banking services. Termed as Italy’s first cloud-native bank, illimity, is dedicated to harnessing technological advancements to improve organizational efficiencies and deliver seamless services, relying on its solid experience.

Top Financial Institutions in World with Tech in Focus

Summing UP

There is no doubt that New Era Digital platforms, pathbreaking technologies, and 24×7 Internet availability is revolutionizing the way that the financial industry works. and now Progressive financial institutions are on the hunt for the reapable technological advancement to improve the entire organizational structure to fulfill the customer demands more effectively. While some existing financial institutions and new startups are already well along the path to executing corporate plans that capitalize on technological & digital advancements and current plus upcoming regulatory changes, others are grappling with how to position their institution and allocate resources in the most efficient way.



Ankit Kumar Sharma
Experienced Account Strategist with a demonstrated history of working in the Information Technology and services industry. Skilled in E-commerce, Communication, Strategy, Digital Marketing, Growth Hacking, and E-commerce SEO. Digital Advertising, Marketing & Sales are my passion & I love what I do, I breathe it. I want to explore more, learn more, try different tools, hacks with various campaigns.

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