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

Bahwan CyberTek, a leading global provider of innovative IT products & 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.”


Mr. S. Durgaprasad, 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.
Mr. S. Durgaprasad, Co-Founder
 & CEO of Bahwan CyberTek

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.”

 About the Gartner Report
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings.

Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Bahwan CyberTek

Bahwan CyberTek (BCT), established in 1999, is a global provider of innovative software products and services. A CMMi Level-5 Ver 1.3 organization, with 550+ customers and 2000+ professionals, BCT excels in Product Development, Middleware and Integration, Business Process Management, Systems Integration, Business Intelligence, Independent Testing, BPO, Training, Consulting and Infrastructure Management.

BCT’s other focus verticals include BFSI, Government, SCM & Manufacturing and Life Sciences. BCT enjoys the highest level of partnership with Oracle, SAP, IBM, FRS Global, DHL and other leading business and technology companies. BCT has delivered solutions in twenty countries across North America, Middle East, Far East, Africa and Asia.

BCT’s innovative IP offerings - the Cuecent Suite - comprises a leading edge integration-centric Business Process Management platform, Enterprise Service Bus, Intelligent Business Enablers for Real-time Decision Support, National Payment Systems, Business Licensing, Utility Bill Payments and a host of enterprise business and real-time solutions.

For further information, please contact
Ms. Kavitha KK at kavithakk@bahwancybertek.com (or) satyanbhatt@prism-india.com.

Mr. Arpit, Prism PR 044 - 2466 1153, info@prism-india.com
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