Quadrant Knowledge Solutions’ Card Management System (CMS) market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, 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 the 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 Card Management System (CMS) vendors, with a global impact. The SPARK Matrix includes an analysis of vendors, including ACI Worldwide, BPC, CoreCard Software, Enfuce, FIS, Fiserv, HPS, Marqeta, OpenWay, RS2 Software, Software Group, Sopra Banking Software, Tietoevry, TSYS, and Worldline.
According to Pradnya Gugale, Analyst at Quadrant Knowledge Solutions “A card management system (CMS) enables banks and FIs to manage end-to-end card lifecycle as well as card products and card portfolios and helps manage. A modern CMS solution is backed by AI and ML that helps deliver advanced CMS capabilities and cater to various use cases, such as supporting the dispute resolution process, transaction monitoring to prevent card fraud, real-time payment infrastructure upgrades, expense management, and employee card management, etc. Vendors are looking forward to significantly investing in the buy now pay later (BNPL) lending solutions, enhancements to cloud-native transformation, expanding fleet capabilities, and significant investments in the existing CMS capabilities to strengthen them.”