March 26, 2023

  • The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the particular leading Electronic banking platforms vendors.
  • Sandstone Technology , with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.

MIDDLETON, Mass. , Aug. 01, 2022 /PRNewswire/ — Particular Knowledge Options   announced today that it has named Sandstone Technology a 2022 technology leader in the evaluation of global SPARK Matrix™: Digital banking Platforms market, 2022.

The  Quadrant Understanding Solutions’  INTEREST Matrix™ includes a detailed analysis of the global marketplace dynamics, major trends, vendor landscape, plus competitive positioning. The study provides competitive analysis and ranking associated with the leading technology vendors in the particular form of its SPARK Matrix™. The particular study offers strategic information for users to evaluate different provider capabilities, competing differentiation, plus market position.

According to Megha Rungta , Analyst, Installment Knowledge Solutions, “Sandstone’s enterprise-class, predictive-powered digital banking platform titled BXP platform is equipped with robust electronic banking capabilities that enable users to gain comprehensive client insights, deliver personalized consumer experience and achieve open banking compliance. The company continues to provide value to its customers through its key technologies differentiators, including best-of-breed native mobile applications, support for the digital experience system, the ability for banks to develop their own functionality and widgets, increased scalability with Kubernetes support, plus integration with the company’s indigenous DIVA solution. ” Megha added : “With the ability in order to cater to diverse use cases, robust product strategy and roadmap, plus strong industry expertise, Sandstone Technology offers received a strong rating across the parameters associated with technology superiority and customer impact and has been positioned amongst the leader inside the SPARK Matrix: Digital Banking Systems, 2022. ”

Abhish Saha, Executive General Manager, Electronic Banking, Sandstone Technology commented,   “Banking digital transformation is the must now more than ever using the rapid pace of change in the current financial landscape. For financial institutions to set themselves apart from competitors ultimately means innovating at speed and constantly finding ways to enhance and futureproof their own financial eco-system. ”

Saha further added , “It’s about adopting a holistic view to identify where the particular complex can be made simple. Placing customer encounter at the heart of businesses objectives helps to create a digital banking offering that aligns along with customer expectations, while empowering customers plus bank employees to have better experiences. ”

A digital financial platform enables banks to drive their electronic transformation initiatives and provide customers with a seamless and cohesive banking experience across all digital touchpoints. The platform serves as the framework with regard to financial institutions to gain full control over their digital strategy and allow them to modify plus optimize aspects of their operations across every device and channel.

The digital banking platform’s key value propositions such as capturing omnichannel client feedback/experience data, assessing consumer feedback, closing the loop and continuously monitoring internal and external data points to improve products and services, reducing churn, enhancing customer lifetime value, and increasing customer acquisition and retention, are driving the technology’s market growth across geographies and business segments. Owing to the rising competition plus exponential development opportunities, several new vendors are emerging with innovative technology offerings. Leading electronic banking platform vendors are making significant investments in improving AI and machine learning abilities of their particular products in order to support a wide range of marketing and CX use cases and are leveraging automation plus advanced analytics to improve the overall campaign performance and effectiveness.

Additional Resources:

  • For more info about Sandstone Technology visit here

About Sandstone Technologies

With regard to over 25+ years Sandstone Technology has been transforming financial experiences, finding and simplifying the client journey plus banking employee experience. Our high client retention rate is our proudest achievement with 30+ banking institutions across Australia , New Zealand , Asia and the United Kingdom placing their trust in our solutions. From digital banking, electronic acquisition, loan origination and AI-driven intelligent document processing, Sandstone partners with worldwide banks plus financial institutions to reduce risk, maintain growth and create efficiencies across their digital transformation programs.

About Sector Knowledge Options

Quarter Knowledge Solutions is a global advisory and consulting firm focused on helping clients within achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Information Solutions, our own vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide extensive information plus strategic insights for assisting clients formulate growth strategies to survive and thrive in ever-changing company environments.

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Media Contacts:
Sandstone Technology 
Emily Bailey
[email protected]  

Quadrant Knowledge Solutions
Riya Mehar
[email protected]


SOURCE Quadrant Understanding Solutions

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