As the Banking, Financial Services, and Insurance (BFSI) sector in India accelerates its digital transformation journey, the demand for agile, scalable, and cost-effective technology solutions has never been higher. Low-code and no-code platforms are emerging as powerful enablers in this landscape empowering financial institutions to build, customize, and deploy applications without relying heavily on traditional software development cycles.
These platforms are helping banks and financial firms streamline operations, enhance customer engagement, reduce time-to-market, and ensure compliance all while bridging the gap between business and technology. From automating loan origination systems to enabling seamless mobile banking experiences, the following platforms are redefining what’s possible in the digital BFSI ecosystem.
Decimal Technologies
Decimal Technologies is a leading No-Code Low code provider, enabling enterprises to build cutting-edge solutions on its proprietary no-code platform, Vahana Cloud. The platform has already transformed the way top banks & financial institutions in India approach their mission-critical applications whether external (DIY, Assisted) or internal. It is a comprehensive full-stack platform, meticulously crafted with a Mobile First approach. This unique platform empowers non-coders to effortlessly configure (not develop) native mobile applications that deliver a seamless user experience across iOS, Android, and Web (PWA) platforms. Decimal Technologies has 8 out of top 10 Indian Private banks and 26+ enterprises as its clients. A wide variety of use cases like – Video Banking, Account Opening, Loan Origination systems, Lead management systems among other solutions have been built for its clients. Decimal brings with it industry experience and expertise along with a much-reduced time to market for any of the solutions.
Mixpanel
Mixpanel is a powerful no-code analytics software that enables users to visualize data and track user engagement without the need for any coding knowledge. In this respect, it provides product analytics by tracking user engagement and retention using intuitive data visualization interfaces, allowing teams to understand user behavior and make decisions accordingly, based on insights derived from user data. Mixpanel, used for tracking user engagement, can greatly help in strategic planning for improving user retention and the overall success of the product. This makes the tool extremely valuable for any businesses that would use data-driven insights to improve their products and services.
Acies
Acies is focused on democratizing technology through its no-code platform. Acies Consulting focuses on delivering cutting-edge technology-enabled risk, regulatory and business transformation initiatives. Acies LightHouse helps clients bridge the technology and financial literacy gap as tech stacks evolve rapidly. Acies Ventures’ unique Ventures-Revolution program partners with startups and entrepreneurs by providing them with Acies’ no-code platform to build innovative solutions and business models. Acies aims to make its no-code platform widely available to businesses, entrepreneurs, creators and end-users to help build a democratized ecosystem where access to technology is not constrained by coding, technology knowledge or capital.
OutSystems
Outsystems is the leading low-code system, mainly catering to banks and financial entities to build applications for enterprises with speed, flexibility, and efficiency. Created to keep up with the rapid strides that digital transformation is making in the BFSI sector, the platform offers industry-specific solutions such as digital account opening, omnichannel banking, fraud detection, and more. As requirements change with business and newer technologies, the platform offers its users the ability to build and maintain full-stack applications without deep technical knowledge. With its easy-to-use visual interface, developing and deploying apps is as quick as one click. The platform is cloud-environment-friendly and supports DevOps on the go while harnessing AI-powered automation for enhanced performance and scaling capabilities. On top of this, the platform supports enterprise-level security requiring the applications to adopt the highest levels of compliance and data protection, making it the top associate in mission-critical banking and financial applications.
Kovaion
The no-code platform Kovaion has been designed to allow enterprise application development without the need for coding. Its Netflix series highlight being security-first, following compliance engineering, and pre-built banking modules. The Kovaion platform scales and builds secure applications, integrating smoothly with any existing banking system. Another reason banks would lean toward Kovaion is its dedicated support and strong emphasis on UX when looking for a bona fide no-code solution.
By embracing these cutting-edge low-code and no-code platforms, India’s BFSI sector is not only accelerating digital innovation but also future-proofing itself against the dynamic challenges of a rapidly evolving financial landscape.