Awards & Recognition
Azentio included in Now Tech: Digital Banking Processing Platforms, Q1 2022 Reports for Retail and Corporate Banking by Independent Research Firm
The Now Tech reports delve into the value offered by digital banking processing platform (DBPP) providers. Forrester defines a DBPP as “a comprehensive but modular / componentized set of banking applications designed to cover areas such as retail or corporate banking. Further, DBPPs comprise core banking functions and support processes in near real-time, provide insightful information, allow rapid product development, and expose their business capabilities via APIs.”
In both reports, Azentio’s Kastle™ Digital Banking Suite is included in the international incumbent functionality segment, which is described as offering broad business capabilities. The solution’s geographic presence by revenue is stated as Middle East (62%), Asia Pacific (26%), and Africa (12%), while the vertical market focus by revenue is on retail banking, business banking, corporate banking, and other banking sub-verticals.
The Now Tech report gives an overview of 19 AML solutions based on market presence and functionality. According to Forrester, in order to realize the benefits of AML, customers must first select from a diverse set of AML technology vendors that vary by size, functionality, geography, and vertical market focus. AML and security & risk (S&R) professionals should use this report to understand the value they can expect from an AML solutions provider and to select one based on size and functionality.
Depending on the size of AML solution revenue, the report segments vendors into three categories, namely large established players, midsize players and smaller players, across three primary functionality segments – AML, KYC and transaction monitoring.
Azentio believes its inclusion in the midsize category highlights the company’s prominence in the transaction monitoring segment across Europe, the Middle East, and Africa (EMEA), Asia-Pacific (APAC) and North America, and names key clients using the solution, such as I&M Bank, ICICI Bank and the State Bank of India.