Hot Banking Tech Companies To Watch In 2010

The banking industry turned the corner during the third quarter of 2009. US banks posted a $2.8 billion profit, a big improvement over the $4.3 billion loss in the prior quarter, while the rising stock market boosted bank reserves thanks to increases in the value of securities they hold. But they're not out of the woods yet. Retail banks are juggling cost savings, growth, and compliance, while investment banks look to process more trades faster in increasingly complex global trading environments. This report describes eight companies that address key banking industry processes like payments, securitization, frontline sales force enablement online banking and lending, and improving and simplifying the business of trading.