Quadrant Knowledge Solutions’ Digital Banking Platform market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, market trends, and future market outlook. 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 MatrixTM analysis. SPARK MatrixTM includes ranking and positioning of leading Digital Banking Platform vendors with a global impact. This study includes an analysis of key vendors, including Backbase, Bottomline Technologies, BPC, Coconet, Codebase Technologies, CR2, Data Center Inc, Edgeverve, Finastra, Fisa Group, Fiserv, Intellect Design Arena, Kiya.ai, Mambu, Oracle, Sandstone Technology, Sopra Banking Software, Tagit, TCS, Temenos, Thought Machine, Ultradata, and Veritran.
According to Nehan Jain, Analyst at Quadrant Knowledge Solutions, “A Digital Banking Platform helps banks achieve digital transformation by transitioning from traditional banking to digital banking. The platform digitizes banking operations, including digital onboarding, and lending, deposits, withdrawal, transaction management, wealth management, deposits, and fund management, enabling banks to achieve the transition from a physical bank to a fully digital bank while providing customers with a seamless and cohesive banking experience intuitively across all digital touchpoints, such as mobile, online, kiosks, wearables, and ATMs.” “Digital Banking Platforms enable customers to easily manage their accounts, make transfers, and monitor their financial status in real-time. Furthermore, the platforms utilize AI/ML and predictive analytics to drive personalized customer engagement across various digital touchpoints.” adds Nehan.
Q2 2023 Digital Banking Platform SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
- Key Research Findings
Competitive Landscape and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Digital Banking Platform
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