Paymentology Named a Technology Leader in New Quadrant Knowledge Solutions SPARK Matrix™

Paymentology’s cloud-first card issuing, and analytics platform received strong ratings across the parameters of technology excellence and customer impact from Quadrant Knowledge Solutions SPARK Matrix™ 

October 19, London: Paymentology, a leading global issuer-processor, today announces that Quadrant Knowledge Solutions has named it as the 2023 technology leader in the SPARK Matrix™: Card Management System (CMS) 2023.  

Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of the global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides a competitive analysis and ranking of the leading technology vendors in the form of its SPARK Matrix™. It gives strategic information for users to evaluate different provider capabilities, competitive differentiation, and market positions. 

The SPARK Matrix™: Card Management System (CMS) 2023 offers in-depth analysis exploring: 

• Key research findings for technology vendors to better understand the market and support their growth strategies  
• The current competitive landscape and factors that make Paymentology stand out within it  
• The benefits of Paymentology’s global multi-cloud architecture  

Abe Smith Co-CEO of Paymentology commented on the announcement: "We’re delighted to be featured in Quadrant Knowledge Solutions’ SPARK Matrix™ as a technology leader. The report is renowned for its comprehensive competition analysis and vendor ranking in the CMS industry, offering invaluable strategic insights for technology providers to navigate the market. This recognition solidifies our dedication to driving innovation in payment methods, enabling banks, fintechs, and telcos to deliver enhanced services to individuals and businesses through our next generation payments platform." 

Sriram S R, Analyst, Quadrant Knowledge Solutions added: “Paymentology offers CMS solutions packaged as Flex, Sprint, Pro, and Enterprise to precisely suit different business models from corporates that need a turnkey service with BIN sponsoring and compliance services; to banks and FinTechs that require high scalability, flexibility, data-richness, and different cloud-deployment models.  

Paymentology has made strategic investment in research & development, to extend their capabilities of their CMS solutions. The company has received strong ratings for its technology excellence & customer impact and has been positioned as a technology leader in the 2023 SPARK Matrix™ in the CMS market.”