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Quantiphi - Transforming Core Banking Services
Vendor Analysis
published on Nov 20, 2024
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Report Overview:
This NelsonHall vendor assessment analyzes Quantiphi's offerings and capabilities in core banking services
Who is this Report for:
NelsonHall’s ‘Transforming Core Banking Services’ profile on Quantiphi is a comprehensive assessment of Quantiphi’s offerings and capabilities for the core banking sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of technology and operational services and identifying vendor suitability for core banking services in RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Quantiphi’s BFS-focused core banking service offerings and capabilities and market and financial strength, including:
- Identification of the company’s strategy, offerings, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and Quantiphi service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
Quantiphi began as a technology services firm focused on AI and data science offerings. Its two largest vertical practices are the financial services (the largest practice) and healthcare industries. Quantiphi delivers digital banking enablement services for the banking industry. Its four largest partnerships — AWS, Snowflake, Azure, and Google — have driven most of its growth over the past three years. When COVID hit the banking industry, Quantiphi rapidly expanded its cloud migration services business.
Quantiphi offers banks two main offerings: applied AI and infrastructure and data solutions. It has built proprietary IP for AI, GenAI, process automation, and document processing. Quantiphi does not work with manual processes or legacy systems except to move them to an all-digital banking environment.