Digital Banking and Financial Institution

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Questions and Answers

Which of the following is NOT a type of app offered by Backbase?

  • Manager App (correct)
  • Employee App
  • Customer App
  • Engagement App

What is the purpose of the Employee App?

  • To drive modern banking functionality such as Accounts and Payments
  • To empower employees with real-time communication and customer service tools (correct)
  • To provide digital banking experiences for FI customers
  • To engage customers at the right moment and touchpoint

Which of the following is a capability of the Backbase Engagement Banking Platform?

  • 50+ engagement banking capabilities (correct)
  • Account Overview
  • Digital Engage
  • Digital Assist

What is included in the Digital Banking Capabilities offered by Backbase?

<p>A diverse set of backend services that drive modern banking functionality (A)</p> Signup and view all the answers

What is the purpose of the Engagement App?

<p>To engage customers at the right moment and touchpoint (C)</p> Signup and view all the answers

What is the name of the product that the Engagement App is part of?

<p>Digital Engage (C)</p> Signup and view all the answers

How many editions of the Employee App are available?

<p>2 (C)</p> Signup and view all the answers

What is the name of the platform that powers the Customer Apps?

<p>Backbase Engagement Banking Platform (D)</p> Signup and view all the answers

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Study Notes

Digital Banking Overview

  • Digital banking caters to three main audiences: Retail, Business, and Wealth, offering tailored services and user experiences through the Backbase Engagement Banking Platform.
  • The platform encompasses all essential features needed by financial institutions to operate successfully as digital banks.

Apps and Digital Banking Capabilities

  • Customer Apps:

    • Available for all business lines (Retail, Business, and Wealth) on both web and mobile devices.
    • Enable users to manage banking activities such as account overviews, transaction tracking, messaging, and contact management.
    • Powered by over 50 engagement banking capabilities from the Engagement Banking Platform.
  • Employee App:

    • Equips employees with tools for real-time communication, collaboration, and a comprehensive customer view.
    • Enhances personalized customer service and optimizes operational costs.
    • Offered in two versions: Essential (default) and Premium (optional).
  • Digital Banking Capabilities:

    • Comprise a wide array of backend services that facilitate modern banking functionalities, including accounts, statements, payments, and transactions.
    • Tailored to support the specific needs of Retail, Business, and Wealth sectors.
  • Engagement App:

    • Designed to help financial institutions engage with their customers effectively at crucial moments via strategic touchpoints.
    • Features integrated live chat for employees to connect with customers regarding product offers directly within the app.
    • Available in two editions: Essential (default) and Premium (optional).

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