Four Wins in
All Four Categories
Celent Names Backbase a Leader in Digital Banking Platforms
Celent, the US analyst firm, has concluded their Modern Digital Banking Channels Platform, 2020 report. The global research into the digital banking platform landscape was exhaustive, and covered a range of categories crucial to the vendor selection process. Despite intense competition — 9 leading solutions — Backbase is proud to have come out on top in all four categories.
Celent Analysts, Bob Meara & Stephen Greer, conclude:
“One of the biggest differentiators [of the Backbase platform] is the flexibility of the DBP and its SDKs and the completeness of vision around the use of APIs. Backbase-as-a-Service and Backbase Stream are two recent products that sweeten the value proposition and add some additional weight to an already strong offering. Celent is impressed with their ability to keep ahead of the market needs.”
Both in terms of architecture and design, Celent recognized the modern approach to our platform. Microservices and cloud-native deployments stood out in this category, as well as our platform’s ability to suit the specifications of each institution. Celent further highlighted that while the majority of vendors support one or two public clouds, Backbase is exemplary in supporting all of them.
Our approach to integrated innovation drove our success in this category. Functional depth beyond just supporting channels and engagement mechanisms stood out, and the platform’s host of advanced transactional features. Of note is also our belief in emerging business models, like banking-as-a-service.
The report recognized the Backbase platform’s ability to meet, and exceed, the needs of financial institutions of all sizes. As Backbase is a global company, Celent also praised the massive range of geographies we serve.
Beyond the platform, Backbase as a company also stood out. Our FTE maturity made us service leaders, as well as our staffing across multiple regions, wide service capabilities and the sheer scope of Backbase service level agreements.