AMSTERDAM-Tuesday 14 January 2020 [ AETOS Wire ]
(BUSINESS WIRE)--
Digital banking software provider, Backbase, has today announced the
launch of its next generation Backbase-as-a-Service. This managed cloud
platform service covers Backbase’s entire portfolio of banking products,
helping banks to innovate with speed whilst reducing their costly
operational hurdles.
At
present, banks face a twofold threat; both from more
technologically-capable neo-bank competitors and, more recently, from
the expansion of big tech into banking. In this new digital environment,
agility and fast time to market is key. To support banks in keeping
pace, Backbase-as-a-Service provides financial institutions with the
technological infrastructure to develop and release new services to
their customers more swiftly. With less time dedicated to set-up,
updates and security, banks can focus on innovating and allocating more
resources to new features that enhance the overall experience for
customers.
Lowering
time to market, while eliminating upfront capital investments on
hardware and maintenance of aging technology, Backbase-as-a-Service
becomes the ideal innovation partner. As banks grow, they can increase
or decrease computing capacity as needed as Backbase-as-a-Service is
based on usage-based spending. This allows for higher business
flexibility and a faster response to market shifts.
Commenting
on the launch, Jouk Pleiter, CEO, said: “Backbase is committed to being
the leading innovation partner for global banks and credit unions. We
believe the move to cloud is an unstoppable one, and one which every
financial institution needs to embrace. Our clients want the freedom to
innovate and maintain their competitive edge, so launching
Backbase-as-a-Service is the logical step for us. It is our duty to
maximise their ROI when it comes to becoming digital-first and meeting
the digital demands of their customers. Cloud is an exceptional tool for
taking that leap.”
Thomas
Fuss, VP Technology, added: “The improved service will significantly
benefit banks both in terms of reducing overhead on IT and delivering
superior digital banking experiences to their clients. It’s another step
forward in helping clients unlock their digital potential. Undertaking
the transition to the Backbase cloud means our clients are always
tapping into the latest innovations and features that our platform
offers. Cloud adoption has been relatively slow in banking so we’re
proud to provide clients with a state-of-the-art managed service which
is always available, always secure and always packed with the latest
innovations.”
Along
with the business value of innovating at scale and reducing IT
overhead, the newly announced Backbase-as-a-Service will offer banks:
- Managed Software & Hardware Updates
- 99.9%+ Uptime
- Shared or Dedicated Backbase Environment
- Multiple Sandbox Environments
- Database Backups & Redundancy
- Scalable Infrastructure
- End-to-End Encryption
- Regulatory Compliance
The platform is immediately available worldwide.
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About Backbase
Backbase’s
Digital-First Banking Platform powers seamless customer experiences,
unifying data and functionality from core banking systems and innovative
fintech partners. We believe it is vital that banks evolve and maintain
superior digital experiences in order to retain privileged control of
the customer relationship, drive efficiency, stave off new competition
and continue to grow.
More
than 100 large financials around the world have benefitted from
Backbase’s omni-channel, Digital-First Banking Platform, including ABN
AMRO, AIB, Barclays, Banamex, Bank United, BNP Paribas, Central1, Citi
bank, Citizens bank, CheBanca!, HDFC, Hiscox, IDFC First, KeyBank,
Lloyds Banking Group, Metrobank, Navy Federal Credit Union, PostFinance,
RBC, Societe Generale and Westpac.
Industry
analysts continue to recognize Backbase’s front runner position.
Backbase was named a Leader in the Forrester Wave (TM): Digital Banking
Engagement Platforms, Q3 2019. The 2019 Ovum Decision Matrix lists
Backbase as the Ultimate Digital Banking Platform Market Leader.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200114005050/en/
Contacts
Media Relations
Patrick Aalbers
marketing@backbase.com
+31-20-465-88-88