Learn how IDC MarketScape research can help you better evaluate the 14 global vendors and shortlist the right payment platform for your bank
SOURCE: IDC MarketScape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment, by Aaron Press, Feb 2020, IDC Doc#US46024520.
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.
Finacle Payments is a SWIFT certified, gpi-ready, enterprise class payment services hub built leveraging ISO 20022 standards. It empowers the financial institutions to enhance the customer proposition with value-added services and tailored payments offerings.
The payments hub, an integral component of the Finacle Payments Suite solution, is designed to manage the end-to-end payments lifecycle and process payments regardless of instrument, originating channel, hosting module or payment network. The payments engine supports the latest ISO specifications, enabling seamless interoperability across various global and local payment networks.
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