Sandstone Technology Positioned as Leader in 2022 SPARK Matrix™ for Digital Banking Platforms by Quadrant Knowledge Solutions

  • Quadrant Knowledge Solutions SPARK Matrix™ provides a competitive analysis and ranking of leading digital banking platform providers.
  • Sandstone Technology, with its end-to-end technology and customer experience management, received strong ratings on the parameters of technological excellence and customer impact.

MIDDLETON, Massachusetts, 01 August 2022 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named Sandstone Technology as a 2022 Technology Leader in the SPARK Matrix™ Global Market Analysis: Digital Banking Platforms 2022.

Quadrant Knowledge Solutions’ SPARK Matrix™ includes detailed analysis of global market dynamics, key trends, vendor landscape and competitive positioning. The study provides a competitive analysis and ranking of leading technology providers in the form of its SPARK Matrix™. The study offers strategic information for consumers to evaluate different supplier capabilities, competitive differentiation and market position.

According to Megha Rungtaanalyst, Quadrant Knowledge Solutions, “Sandstone’s prediction-based enterprise-class digital banking platform, called the BXP Platform, is equipped with robust digital banking capabilities that enable users to gain comprehensive customer insights, deliver a personalized customer experience and achieve open banking compliance . The company continues to deliver value to its customers through its key technology hallmarks, including best-in-class native mobile apps, support for the Digital Experience Platform, the ability for banks to develop their own functionalities and widgets, increased scalability with Kubernetes support, and integration with native the company’s DIVA solution. ” Mega added: “With its ability to serve diverse use cases, robust product strategy and roadmap, and strong industry expertise, Sandstone Technology scored strongly on the parameters of technological excellence and customer impact and positioned itself among the leaders in the SPARK Matrix : Platforms for Digital Banking, 2022.”

Abish Saha, Executive General Manager, Digital Banking, Sandstone Technology commented, “Bank digital transformation is now more imperative than ever with the rapid pace of change in the current financial landscape. Ultimately, for financial institutions to stand out from the competition, it means innovating quickly and constantly finding ways to improve and improve the reliability of their financial ecosystem.”

Saha added more“It’s about taking a holistic view to determine where the complex can be simplified. Putting customer experience at the heart of business goals helps create a digital banking offering that meets customer expectations while enabling better experiences for customers and bank employees.”

The digital banking platform enables banks to manage their digital transformation initiatives and provide customers with a seamless and cohesive banking experience across all digital touchpoints. The platform serves as a framework for financial institutions to gain full control of their digital strategy and enable them to transform and optimize aspects of their operations across every device and channel.

The key value propositions of the digital banking platform, such as collecting omnichannel customer feedback/experience data, evaluating customer feedback, closing the loop and continuously monitoring internal and external data points to improve products and services, reduce of churn, increasing customer lifetime value, and increasing customer acquisition and retention are driving the growth of the technology market across geographies and industry segments. Due to increasing competition and opportunities for exponential growth, several new vendors are emerging with innovative technology offerings. Leading digital banking platform providers are making significant investments in improving the AI ​​and machine learning capabilities of their products to support a wide range of marketing and CX use cases, and are using automation and advanced analytics to improve overall efficiency and effectiveness of the campaign.

Additional resources:

  • For more information on Sandstone Technology visit here

About Sandstone Technology

For more than 25 years, Sandstone Technology has been transforming the banking experience, innovating and simplifying the customer journey and the bank employee experience. Our high customer retention rate is our proudest achievement with over 30 financial institutions Australia, New Zealand, Asia and on Great Britain by trusting our solutions. From digital banking, digital acquisition, lending and AI-driven smart document processing, Sandstone partners with global banks and financial institutions to reduce risk, support growth and create efficiencies in their digital transformation programs.

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global consulting and advisory firm focused on helping clients achieve their business transformation goals with strategic business and growth consulting services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our clients’ businesses as a strategic knowledge partner. Our research and consulting results are designed to provide comprehensive information and strategic insights to help clients formulate growth strategies to survive and thrive in ever-changing business environments.

For more available research, please visit https://quadrant-solutions.com/market-research/

Media contacts:
Sandbox technology
Emily Bailey
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Quadrant Knowledge Solutions
Riya Mehr
[email protected]

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SOURCE Quadrant Knowledge Solutions

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