Aite Matrix: Payment Hub Vendors

Selecting a technology partner or partners to assist on a payments modernization journey is an important decision for FIs.

December 15, 2022 – Infrastructure modernization is a top priority for FIs of all sizes. Without careful consideration, FIs risk falling behind critical commercial client demands that include greater automation, tools, and choices of payment tools. To achieve this, FIs will partner with technology providers to help them on the journey. This Impact Report explores some key trends within the payments hub and infrastructure market. It discusses how technology is evolving to address new market needs and challenges.

Leveraging the Aite Matrix, a proprietary Aite-Novarica Group vendor assessment framework, this Impact Report evaluates the overall competitive position of 15 vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles ACI Worldwide, Alacriti, Bottomline Technologies, CGI Inc., Finastra, FIS, Fiserv Inc., IBM, Icon Solutions, Infosys Finacle, Intellect Design Arena Ltd., Oracle, Pelican AI, Tietoevry, and Volante Technologies.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report and the corresponding charts.

This report mentions Amazon Web Services, Early Warning Systems, Google, LexisNexis Risk Solutions, Mastercard, NCR, Prolific Banking, SWIFT, Temenos, TIS, The Clearing House, and Visa.

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