SPARK Matrix™:
Digital Banking Services, 2022
This study provides a competition analysis and ranking of the leading digital banking services vendors in the form of the SPARK Matrix™. It provides strategic information for users to evaluate different digital banking services vendors’ capabilities, competitive differentiation, and market position.
The research includes a detailed analysis of global digital banking services vendors’ market dynamics, major trends, vendor landscape, and competitive positioning analysis.
A strong technology leader
Flagship solution
GFT offers a digital banking accelerator, BankLiteX, that enables quick deployment of cloud-based digital banking while ensuring compliance with the regulatory requirements. This solution, developed in collaboration with Thought Machine and AWS, provides organizations with a foundation for launching the digital bank and simplifies the implementation of digital banks, thereby lowering the development costs through one platform that also delivers multi-brand and multi-currency implementations.
Global presence
GFT has its major presence in Europe, followed by APAC and the Americas. The company caters to use cases such as layered architecture that supports local requirements and developments for quick development of digital solutions for new and niches markets. The company also caters to industry verticals, including banking, insurance, manufacturing, and automotive.
Complete architecture
BankLiteX enables all the services capabilities pertaining to digital banking through one solution, catering to the customer’s technical problems as per their business requirements. With its tools for digital banking services, GFT offers services capabilities such as digital onboarding, AML, KYC, transaction monitoring, end-to-end loan origination and loan processing, payment/e-payment, cards, wallets, core-banking systems, buy now, pay later, and more.
“With its overall comprehensive services capabilities, unique customer value proposition, strong partnership ecosystem, ability to serve multiple use cases, comprehensive roadmap and vision, GFT has received strong ratings across the parameters of service excellence and customer impact, and the company has been positioned as a leader in the SPARK Matrix: Digital Banking Services, 2022.”
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