Digital Banking and Financial Institution
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Digital Banking and Financial Institution

Created by
@PolishedGold6480

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</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</p> Signup and view all the answers

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

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

    How many editions of the Employee App are available?

    <p>2</p> Signup and view all the answers

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

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

    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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    Description

    This quiz covers digital banking products and services for retail, business, and wealth customers, including functionalities for bank customers and employees. It also explores apps and digital banking capabilities powered by the Backbase Engagement Banking Platform.

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