R2 named Technology Leader in SPARK Matrix for Digital Banking Platforms 2024
9th April 2024, Dublin, Ireland: CR2, the global digital banking and payments platform has achieved “Technology Leadership” position in Quadrant’s report on Digital Banking Platforms 2024.
The report offers an in-depth analysis of the global Digital Banking Platform market, including trends, competitive landscape and a SPARK Matrix ranking of top vendors to guide technology providers and banks in their strategic decisions.
Commenting on the recognition, Cormac Duncan, Head of Products, CR2, said, “We are delighted to receive this recognition from Quadrant. Our solution enables rapid development and deployment of digital banking capabilities and reduces the time to market new banking features. We also help banks provide responsiveness, adopt a customer-centric approach and lower the overall operational costs.
With a wide breadth of channel capabilities, unique customer value propositions, strong partnership ecosystem, ability to serve multiple use cases and innovative roadmap, CR2 has received strong ratings across the parameters of Technology Excellence and Customer Impact. This has enabled CR2 to improve our position in the spark Matrix year on year”.
According to Omdia, “Global spend on digital banking is expected to grow at a CAGR of 6% to reach $18bn by 2026. It is important that banks do not pursue digitalization as a series of disconnected projects and tools but rather as a strategy that is coherent in both technological and commercial terms.”
CR2 is a leader in digital banking and payments. The business powers over 100 banks in 60 countries across the world. BankWorld their core digital banking and payments platform, offers the broadest capabilities in market and uniquely integrates Digital Banking, Digital Wallet and Payments Hub. In addition, CR2’s Partner Ecosystem combines the confidence of BankWorld with access to easy plug-in, third-party Fintech innovations.
In simple terms, CR2 helps financial service providers to build around consumers with technology that supports both customer experience and an ability to deliver consistently.
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