CR2 named as a Technology Leader in the Card Management System (CMS) market by Quadrant Knowledge Solutions

25 Oct 2023
CR2 named as a Technology Leader in the Card Management System (CMS) market by Quadrant Knowledge Solutions

25 Oct 2023 Dublin, Ireland: CR2, a global digital banking and payments platform has been named a Technology Leader in Quadrant report on Card Management Systems (CMS) 2023.

A significant achievement as CMS platforms continues to develop and offer an extensive array of advanced features for numerous use cases. This includes support for multi-product, multi-language, multi-currency, multi-scheme, and a wide spectrum of payment scenarios, including contactless, QR code, in-app payments, tokenization and more

Over the last 12 months CR2 has continued to invest in innovation. Their CMS has a strong history of successful implementations and native digital capabilities. CR2’s API driven approach to prepaid card issuing enables faster regional deployment of cards with a focus on strong API enablement for KYC and AML. CR2 cards can also be instantly issued into mobile through a successful tokenised payment partnership with Entrust.

Commenting on the recognition, Cormac Duncan, Head of Products, CR2, said, “It is great to be externally recognised as a leader in Card Management Systems. The CR2 CMS is an integral part of our Digital Banking & Payments Platform. This offers banks an unrivalled opportunity to deploy card payment journeys, for example, mobile tap & pay, across digital channels. A key differentiator for the banks we work with. In addition, our CMS provides enhanced consumer card management: for example, unblock card when traveling abroad, set personal limits, report lost & stolen. This enhances the end customer experience while removing a lot of unnecessary traffic and cost from the banks where we have deployed.”

“The market size of global cards market is expected to reach US$390.54Bn by 2027 at a CAGR of 7.6%”, According to Cards Global Market Report 2023.

About CR2

CR2 is a leader in digital banking and payments. The business powers over 90 successful bank implementations in more than 50 countries across the world. BankWorld, their core digital banking and payments platform, offers the broadest capabilities in market and uniquely integrates their Digital Banking, Digital Wallet and Payments Hub (Card Issuing, ATM Driving, Merchant Acceptance). In addition, CR2’s Partner Ecosystem combines the confidence of BankWorld with access to easy plug-in, third-party Fintech innovations.

In simple terms, CR2 helps financial service providers to build around consumers with technology that supports both customer experience and an ability to deliver consistently.

If you think financial services cannot innovate quickly, THINK again.

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About Quadrant:

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services.