Bahwan CyberTek included in Gartner report on ‘Choosing the Right Vendor for Payment Modernization Initiatives’

image002Bahwan CyberTek, a leading global provider of innovative IT products and solutions, has been included by Gartner in their recently published report on ‘Choosing the Right Vendor for Payment Modernization Initiatives’ authored by Mary Knox and Christophe Uzureau.

According to the Gartner report, the scope of Banks’ modernization initiatives may “range from the upgrade of single payment functionality to the design of a payment services hub, involving a rethink of payment workflows.” This report says “Identifying lead vendors for a payment modernization initiative is challenging and risky. This research, based on an analysis of available payment software, will help CIO’s and heads of payments navigate this complex marketplace.”

S. Durgaparasad, Co-Founder & CEO of Bahwan CyberTek said, “We feel being included by Gartner is a testimony of our capability towards building a strong end-to-end payment solution backed by strong industry expertise, right domain knowledge, tools and methodologies. We have successfully delivered complex programs, consolidated operations and delivered efficiency benefits resulting in value for our customers.”

The report categorizes payment vendors into 4 categories – Domain-specific Payment-Related Solution Vendors, Dedicated Payment Solution Providers, Financial Services Application Providers and Infrastructure and Supporting Technology Vendors.

BCT has been positioned in the Infrastructure and Supporting Technology Providers Space, also offering Domain-specific solution.“Vendors in this segment include those selling financial messaging platforms, underlying enterprise service buses or other general middleware, data integration and data quality, message and data transformation tools, BPM tools, B2B gateway providers or discrete functionality such as reconciliations, exception processing, fraud, risk, or client onboarding.”