Leading Fintech Analyst Mentions WaveMaker Among Major Global Low-code Vendors in Banking and Financial Services An open and secure enterprise-grade developer jetpack (exclusively) suited for composable experience development of fintech engagement platforms and applications.
Plano, Texas
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December 10, 2021 10:00 AM Eastern Standard Time
WaveMaker, the open low-code platform for professional developers, has been named one of the 12 most significant low-code solutions around the globe, by the research firm Celent in their 2021 Spectrum Report, “Low/No Code Vendors in Banking”.
The report analyzes the growing demand for digital in banking that is difficult to rapidly build and deliver by traditional IT. With the growing backlog of applications to be built, incumbents in the industry are evaluating technology solutions like low-code that offer ways to gain agility in development.
Vikram Srivats, WaveMaker’s global head of strategic markets, says “ Customer expectations from their mobile or web experiences are already sky high. Increasingly, traditional financial services providers are competing with modern, nimble, zero-legacy players, whether fintech or Big Tech or vertical ISVs embedding finance. WaveMaker democratizes the experience development model by making it composable, fast, easy, and cost-effective for digital engagement platform developers to deliver compelling component-based, customizable and co-existable experiences to demanding customers.”
The report acknowledges the rise in low-code adoption and its contribution to creating a competitive edge for banks in the post-pandemic world. It evaluates 12 vendors against multiple criteria- features and functions, customer base, technology, and initial installation model. A copy of the report is available on Celent’s website and can be found here.
Wavemaker’s platform provides an integral coding environment for professionals to build enterprise-grade applications with the freedom to deploy to an infrastructure of choice. Developers can create or import their own custom widgets called “prefabs” - that abstract the combination of data, logic, and UI - and democratize development for all to attain maximum efficiency. The platform's ethos is to seamlessly co-exist and integrate with existing tools and frameworks in a typical enterprise, and adhere to modern architectural choices and best practices of modern application development. Fintechs use WaveMaker to transform not only how they build and deliver cloud-native apps, but also transform teams to full-stack development and move more of their software supply chain to customer self-service models--at a fraction of the cost and time associated with traditional development.
About WaveMaker
WaveMaker, Inc. is a privately held software platform company headquartered out of Plano, Texas. WaveMaker has SaaS, on-prem, and white-labeled offerings for large enterprises and ISVs to build modern, API-driven, scalable, and secure software applications and platforms. It has significant customers in banking, finance, insurance, and healthcare, who are taking the low-code platform route to modernize their systems and transform business.
For more information, visit www.wavemaker.com or follow @WaveMaker on Twitter and LinkedIn.
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Dania Marthens
Executive Assistant
