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What is Backbase?

The goal of Backbase's banking re-design is to better serve the consumer. To aid financial institutions in orchestrating smooth experiences over the whole of the client lifecycle, we developed the  Engagement Banking Platform. With our help, banks can easily coordinate consistent experiences for their customers over a single interface.

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Want to Hire a Great Freelance Backbase Expert 

Backbase is still at the forefront of the digital banking revolution, pushing modernization and innovation to speed up technology innovation across all major banking verticals." The news was announced during the company's annual client conference, Backbase Connect, held last month. This platform is the culmination of two years of work with the bank's customers and collaborators in beta testing. You can easily hire a Backbase Expert freelancers in the UK, the US, Canada, Bangladesh, Australia, Philippines, India on Paperub.com.

During his briefing at this platform Relate, de Lee highlighted several of these 6's features, one of which was retargeting, which helps financial institutions make better use of offline resources in a customer database in order to present those customers with more personalized offers and services. According to de Jong, "these features allow financial institutions throughout the world to realize their full digital potential at any time, from any location, and on any device." Since late November, clients of this platform have had access to the platform, and they are free to adopt and update their systems whenever they see fit. Paperub is the best marketplace to hire a freelancer, post a project and easily get a find Backbase Expert freelancers from all over the world on Paperub.com

The Design of the Backend

Backbase's structure is made up of three levels. Let's take a closer look at each of these levels.

Platform Layer:- When a consumer registers for the app or logs into their bank account. The procedures that first engage the client are classified as part of the platform layer. When a new client opens up for a bank account, for instance, just the information necessary for "onboarding" (a banking word) the consumer falls under this layer. As seen in the diagram, this is the most fundamental level of the backbone network. In this level, we handle things like authentication and user registration.

Digital Sales Layer:- At the point that the consumer has been effectively onboarded. The Sales Layer now encompasses the customer's journey across the bank app as he investigates various features. If a customer's annual income is $25,000, for instance, he or she may borrow no more than $15,000. The customer's transaction history is used as the basis for this computation. This is the Backbase architecture's Core Layer. You can find and hire a Backbase Expert freelancer in Bangladesh, Canada, Australia, the US, the UK, the Philippines, India on Paperub.com

Digital Banking Layer:- The Backbase architecture's top layer. It was created to provide the banking industry with everything necessary to transition to a digital-only model. The Digital Banking Layer is where all financial operations, including account opening, balance inquiries, and transaction processing, take place.

Services Provided By Backbase

In general, Backbase offers us three distinct sorts of services, which are as follows:

Infrastructure and Platform Services (IPS)

This service functions as a point of entry for all of the requests that are created by the different clients. It is also responsible for keeping track of all the requests made by customers and for balancing the load caused by those requests. If the number of requests made by customers is so high that they cannot be processed by themselves, then the IPS will create a replica of that service using the customer's requests and the assistance of microservices. In addition to this, it links together all of the backend services. If you are looking to hire a Backbase Expert, you should go on Paperub.com.

Digital Banking Services (DBS)

It is possible to characterize Digital Banking Services as the nervous system of the Backbase System. This location has all of the operational capabilities that are necessary for a bank. DBS supplies financial applications with a backend that is highly available, responsive, and up-to-date.

Benefits of DBS

DBS is both responsive and quick since it analyses data in real time and replies very instantly to requests. It establishes a connection with the fundamental financial system.

Responsive and fast:- DBS does its processing in real-time, and it gives a response very instantly. It establishes a connection with the fundamental financial system.

Straight-through Processing:- The DBS system does not have any limits, which leads to exceptionally high speeds.

Expandable data storage without coding:- It makes it possible to extend the data model without having to write any code. For example, it enables a third party to participate in enriching transactions.

Customer Experience Services (CXS)

The provision of crucial non-backend banking services, such as Client Experience Services, which improves the overall customer experience is vital. Customers may only access interactive apps via the usage of experiences as their single point of entry. It might be points for customer service, offers, or other things.

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