Location-based technology has a wide range of applications in BFSI. The insights coming from analytics allow organizations to understand their customers and empower their workforce. Currently, insurance and financial services have a strong geographic component, from managing the addresses of policyholders to the location of risk. Running a financial institution from a local credit union to an international banking system has incredible challenges. BI technologies can help manage and analyze data, by adding the location component and combining it with demographic information. With the help of location-based technology, banks and financial institutions can view their customers, profile them, and their financial behavior. Moreover, they can use GIS intelligence to recognize cardholders and accurately mark transaction locations quickly. Banks and financial systems will be able to assess time and distances between transactions and detect patterns in real time.

Banks want to use customer-level data on product holdings, channel activities, and profitability to improve the targeting of online campaigns and make the account application & funding processes more seamless and efficient. Using an integrated mapping tool, banks and other financial institutions can foster effective customer relations. Additionally, mobile ticketing and mobile commerce are relevant in location-based technology as virtual tokens, and store coupons are sent to clients on cell phones, depending on the proximity of the location.

Location of Things Solutions in BFSI Quadrant

Comparing 36 vendors in Location of Things Solutions across 93 criteria.

Find the best Location of Things Solutions solution for your business, using ratings and reviews from buyers, analysts, vendors and industry experts

EVALUATION CRITERIA

Below criteria are most commonly used for comparing Location of Things Solutions tools.
  • Breadth and Depth of Product Offerings
    • Products/Solutions Offered
    • Services
      • Software
      • Outdoor Location
      • Indoor Location
  • Product Differentiation and Impact on Customer Value
  • Product Features and Functionality
    • licenses
    • Industry Vertical
      • BFSI
      • Retail and Consumer Goods
      • IT and Telecom
      • Manufacturing
      • Healthcare and Life Sciences
      • Travel and Hospitality
      • Government and Public Sector
      • Media and Entertainment
      • Other Industry Verticals
    • Applications Served
      • IoT Asset Management
      • Mapping & Navigation
      • Location-Based Customer Engagement & Advertising Platform
      • Locatio-Based Social Media Monitoring
      • IoT Location Intelligence
  • Delivery
  • Product Quality and Reliability
    • Level of Support
    • services
      • Technical Support
      • Customer Support
      • Sales Support
      • Others, please specify
    • Deployment Model
      • Cloud
      • On -Premise/ Dedicated hosting
  • Focus on Product Innovation
    • Product Innovation
    • R&D Spend
    • Product Enhacements
      • Product Upgradation
      • New Product Launches

TOP VENDORS (19)

  • 1

    Esri location-based services ingest high volume data streams from stationary and moving devices and perform real-time spatial analytics generating immediate geographic insights. The company offers Esri ArcGIS platform that provides contextual tools for mapping and spatial reasoning to explore data and share location-based insights.

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    • Enterprise
    • California, US
    • Founded: 1969
    • $1BN to $5BN
    • 1,001 to 5,000
    • Enterprise
    • 501 to 1,000
    • Enterprise
    • 501 to 1,000
    • Enterprise
    • 501 to 1,000
  • 5

    Google’s Inc. is one of the leading search engines with innovative search technologies that connects millions of people around the world with information every day. The company continue to invest in existing products and services, including search and advertising, as well as developing new products and services through research and product development.

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    • Enterprise
    • California, USA
    • Founded: 1998
    • More than $100 BN
    • 75,001 to 1,00,000
  • 6

    IBM Corporation provides a wide range of products that helps the organization in widening the scope of the Location of Things market. It provides products, namely, IBM presence zone, WebSphere, IBM spatial solutions, Business finder technology, IBM Sametime, IBM real-time asset locator, IBM intelligent transportation, IBM i2 fraud intelligence analysis.

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    • Enterprise
    • New York, USA
    • Founded: 1911
    • $50BN to $100BN
    • 1,00,001 to 5,00,000
  • 7

    Bosch Software Innovations GmBH offers Bosch IoT Suite and Geo IoT. The Bosch IoT Suite provides various technologies, whereas Geo IoT provides geolocation services in the emerging IoT market. For monitoring the movement of material and tracking of assets one makes use of barcode and RFID technologies.

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    • Enterprise
    • 501 to 1,000
    • Enterprise
    • 501 to 1,000
    • Enterprise
    • 501 to 1,000
  • 10

    HERE is one of the prominent players and a well-established companies in the Location of Things market. The company primarily aims to provide its customers with new features and products that will cater to their specific needs. It has a unique capability to provide dedicated traffic, location, automotive, and live map intelligence solutions.

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    • Enterprise
    • 501 to 1,000
  • 11

    Qualcomm Technologies Inc. offers IZat to serve the Location of Things market. Unlike ordinary GPS, Qualcomm IZat location services not only displays the locations that are around us but it even tells about whether one is indoors or outdoors in challenging environments.

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    • Enterprise
    • California, USA
    • Founded: 1985
    • $10BN to $50BN
    • 30,001 to 35,000
    • Enterprise
    • 501 to 1,000
  • 13

    Pitney Bowes is the leader in the Location of Things market. The company offers various solutions such as GeoEnrichment, Location Analytics, and Infrastructure Asset Management.

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    • Enterprise
    • Connecticut, USA
    • Founded: 1920
    • Below $10 MN
    • 501 to 1,000
  • 14

    TIBCO provides integration, analytics, and event processing software for companies to use on-premises or as a part of cloud-computing environments. The main focus of the company is on getting its customers high-level technology and equipping them to get insights from the everyday business more quickly and easily.

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    • Enterprise
    • California, USA
    • Founded: 1997
    • $1BN to $5BN
    • 5,001 to 10,000
    • Enterprise
    • 501 to 1,000
    • Startup
    • Bolton, Massachusetts, US
    • Founded: 2011
    • Below $10 MN
    • 51 to 100
    • Enterprise
    • Philadelphia, Pennsylvania, US
    • Founded: 2012
    • 51 to 100
    • Enterprise
    • 501 to 1,000
  • 19

    Telogis offers high quality Location of Things services to their customers. Telogis route planning suite is all about defining territories, optimize routes, and plan & access next day routes. Telogis mobile consists of various smart tools for mobile workers which helps the user in making workday safer, easier, and more productive.

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    • Enterprise
    • 501 to 1,000

TOP REVIEWS

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Marie Stelle

Engagement Partner - 360Quadrants.com