The BFSI sector is rapidly embracing digital transformation, driven by the need for agility and customer-centric solutions. Low-code development tools are emerging as game-changers, allowing financial institutions to build robust applications with minimal coding efforts. These tools enable faster deployment, seamless integration, and greater operational efficiency. In this listicle, we explore the top technology companies offering low-code platforms specifically designed to address the unique challenges of the BFSI industry, fostering innovation and accelerated growth.
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
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.
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.
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.
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.
As the BFSI sector continues to evolve, low-code and no-code platforms are becoming indispensable for financial institutions seeking agility and innovation. The companies highlighted in this listicle—Kovaion, OutSystems, Decimal Technologies, Acies, and Mixpanel—offer robust solutions tailored to the industry’s unique demands. From secure application development to data-driven analytics, these platforms empower businesses to enhance operational efficiency, deliver superior customer experiences, and stay ahead in the competitive landscape of modern banking and financial services.
