The December 2022 Aite-Novarica Group report evaluates 15 payment hub vendors using the Aite Matrix framework, assessing vendor stability, client strength, product features, and services. It notes that the definition of a payment hub has shifted from large, monolithic projects for major institutions to more flexible, cloud- and API-based solutions accessible to a broader range of banks. Nearly half of vendors report growth rates over 15%, driven by demand for modernization that balances emerging and legacy payment rails. All vendors assessed are positioned as best-in-class or leading contenders, each with distinct market strengths.

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