Quadrant Knowledge Solutions’ Digital Banking Platform market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate as well. This research provides strategic information for technology vendors to better understand the existing market, supporting their growth strategies; and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.

The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading Digital Banking Platforms vendors, with a global impact. The SPARK Matrix includes analysis of vendors, including ACI Worldwide, Backbase, Coconet, CR2, Data Center Inc, EdgeVerve, Finastra, Fiserv, FIS, i-exceed, Intellect Design Arena, Oracle, Sandstone Technology, Tagit, Temenos, VeriTran, and Zentity.

According to Priyanka Panhale, analyst at Quadrant Knowledge Solutions “The modern digital banking platforms are built using microservices architecture and often offers several out-of-the-box capabilities to help banking organizations accelerate time to market in introducing new services, improving presence in an omnichannel environment, provide a frictionless experience, and personalize customer engagements to achieve CX goals.” Priyanka further adds “digital banking platforms vendors are making significant investments in adding advanced functionalities to help banks transform their banking operations, meet the digital expectations of the most demanding customers, and satisfy growing business needs to compete and win in the global market.”

According to Shruti Jadhav, Associate Director at Quadrant Knowledge Solutions “digital banking platform providers continue to strengthen their capabilities to offer enhanced integration & interoperability with existing core banking systems. Additionally, the vendors are making significant investments for incorporating advanced predictive analytics, artificial intelligence, and machine learning technologies to provide a comprehensive 360-degree analysis and contextual customer insights for an enhanced personalized engagement across interaction channels and digital touchpoints.”

2021 Digital Banking Platform SPARK Matrix
Source: Quadrant Knowledge Solutions

2021 SPARK Matrix-Digital Banking Platforms-Quadrant Knowledge Solutions


Table of Contents

Executive Overview

  • Key Research Findings

Market Overview and Technology Trends

Factors Influencing Technology Development and Market Growth

Market Adoption Trends

Competition Landscape and Analysis 

  • Competitive Overview and Analysis
  • Key Competitive Factors and Technology Differentiators

SPARK Matrix™: Digital Banking Platform Market

Vendor Profiles

Research Methodologies

Custom Research Service

Our custom research service is designed to meet the client’s specific requirements by providing customized in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic for helping companies successfully address business challenges. Our team of experienced consultants can help you in achieving short-term and long-term business goals in the following ways:

  • Detailed understanding of the industry structure, market participants, and value chain mapping
  • Business potential and opportunities of target markets, economies, and industries
  • Strategic planning and tactical opportunities
  • Go to market strategies