Backbase unveiled its new, AI-powered banking platform this week.
The brand new providing combines Backbase’s unified knowledge basis, Intelligence Cloth, with Agentic AI know-how.
Headquartered in Amsterdam, Backbase is a four-time Finovate Better of Present winner. The corporate most just lately demoed its know-how at FinovateFall 2021.
Calling the launch of its new, AI-powered banking platform “the following part” of its imaginative and prescient, Backbase pledged that its newest providing will assist bankers reap the benefits of the alternatives in applied sciences like Agentic AI.
Backbase’s banking platform enhances buyer engagement with AI-powered self-service and real-time help, and hardwires AI into staff’ every day operations to maximise productiveness and enhance decision-making. The know-how streamlines and helps scale gross sales efforts because of clever activation and end-to-end automation, and gives up-sell and cross-sell pathways, pushed by AI, that may develop revenues and deepen buyer relationships.
“This isn’t proof-of-concept AI,” Backbase CEO and Founder Jouk Pleiter stated. “This can be a packaged, production-ready, working mannequin to maneuver banks from experimentation to execution, quick. AI waits for no financial institution. It’s not a wait-and-see—it’s right here, now, and it’s rewriting the principles of the business. The time to behave is now.”
Backbase’s platform combines the corporate’s unified knowledge basis, Intelligence Cloth, with Agentic AI. Intelligence Cloth converts behavioral indicators, transactional knowledge, and operational insights into real-time, actionable intelligence. Agentic AI delivers modular, clever, purpose-built brokers designed particularly for banking and monetary companies. These brokers embed into a wide range of operations to automate duties, point out next-best actions, and improve productiveness.
Backbase additionally introduced the provision of AI Manufacturing facility, an embedded supply mannequin to assist monetary establishments bridge gaps of their AI abilities. AI Manufacturing facility integrates Backbase’s AI specialists instantly into improvement groups, enabling them to shortly co-create after which execute modern use instances and options.
“Banks don’t want extra pilots—they want outcomes,” Pleiter added. “With our AI-powered Banking Platform, we’re going all-in on the AI alternative and empower banks to spice up productiveness, automate intelligently, and unlock unprecedented progress quicker than ever.”
Based in 2003, Backbase is headquartered in Amsterdam and maintains places of work in Atlanta, Singapore, London, Sydney, Toronto, Dubai, Kraków, Cardiff, Hyderabad, and Mexico Metropolis. The corporate has been a Finovate alum since 2009, has received Better of Present 4 instances, and most just lately demonstrated its know-how at FinovateFall 2021 in New York.
Backbase’s announcement comes one month after the corporate teamed up with fellow Finovate alum Salt Edge in a strategic partnership designed to assist banks speed up compliance with open banking rules and pursue new income alternatives. Additionally in March, Backbase cast partnerships with Albania-based Tirana Financial institution and with monetary companies consulting agency Synpulse.
Picture by Steve Johnson on Unsplash
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