{"id":13469,"date":"2023-10-21T08:30:07","date_gmt":"2023-10-21T08:30:07","guid":{"rendered":"https:\/\/techandbiz.com.ng\/tab-backup\/?p=13469"},"modified":"2023-10-21T08:31:09","modified_gmt":"2023-10-21T08:31:09","slug":"backbase-launches-grand-central-its-new-gen-integration-solution-and-dedicates-10-million-fund-to-fuel-innovation","status":"publish","type":"post","link":"https:\/\/techandbiz.com.ng\/tab-backup\/2023\/10\/21\/backbase-launches-grand-central-its-new-gen-integration-solution-and-dedicates-10-million-fund-to-fuel-innovation\/","title":{"rendered":"Backbase launches Grand Central, its new-gen integration solution, and dedicates $10 million fund to fuel innovation"},"content":{"rendered":"

Backbase (www.Backbase.com<\/a>), a leading Engagement Banking Platform provider, is thrilled to announce the launch of Grand Central, its groundbreaking Integration Platform-as-a-Service (iPaaS). This revolutionary offering is set to empower banks in expediting their modernization and digital transformation endeavors.<\/p>\n

 <\/p>\n

Banks spend signi\ufb01cant portions of their budgets and resources on creating, maintaining, and decommissioning point-to-point integrations across various technologies, products, and solutions within their tech stacks. Effective integration with core banking systems, CRM systems, and external \ufb01ntechs traditionally requires a budget-intensive custom system integration work. This expenditure, which adds unnecessary complexities, slows down digital transformation projects and diverts resources from creating value for banking consumers.<\/p>\n

 <\/p>\n

Grand Central is set to revolutionize this landscape by offering an industrialized Integration Platform-as-a-Service that delivers uni\ufb01ed APIs to power banks\u2019 channel applications and third-party developers. Using BIAN based domain model and uni\ufb01ed banking APIs, Grand Central seamlessly connects any channel application to various downstream systems, including core banking platforms, customer relationship management systems, payment and \ufb01ntech systems, and more.<\/p>\n

Through the use of industrialized plug-and-play connectors, banks can rapidly accelerate their time-to-market while signi\ufb01cantly reducing the budgets typically associated with integrations. With Grand Central, banks will gain the ability to harmonize data across their diverse tech stack, ultimately resulting in seamless digital customer experiences across web and mobile applications running on the Backbase\u00a0Engagement Banking Platform.<\/p>\n

 <\/p>\n

 <\/p>\n

Jouk Pleiter, CEO at Backbase, stressed the critical importance of this solution, stating, “Banks today are burdened with aging infrastructure and a very fragmented legacy IT landscape, that makes it di\ufb03cult to keep pace with changing customer expectations. Our Integration Services team operates as an extension of a bank’s IT organization, simplifying and resolving integration challenges that have hindered many banks in executing their digital transformation strategy. With Grand Central our clients can leverage a BIAN-based, uni\ufb01ed API infrastructure, giving instant access to leading \ufb01nancial services technology providers. By combining these powerful capabilities in a uni\ufb01ed developer experience, banks can focus on rapid innovation while future-proo\ufb01ng their enterprise integration architecture.”<\/p>\n

\n

With Grand Central our clients can leverage a BIAN-based, uni\ufb01ed API infrastructure, giving instant access to leading \ufb01nancial services technology providers<\/p><\/blockquote>\n<\/div>\n

 <\/p>\n

What are the key bene\ufb01ts of Grand Central?<\/p>\n

 <\/p>\n

    \n
  • Universal integration<\/strong>: The ultimate bridge connecting fragmented productized ISV solutions and technologies, enabling seamless communications<\/li>\n<\/ul>\n

     <\/p>\n

      \n
    • Reduced complexity<\/strong>: Streamlines the complex technology landscape banks rely on, leading to cost savings and enhanced operational e\ufb03ciency.<\/li>\n<\/ul>\n

       <\/p>\n

        \n
      • Accelerated time-to-market<\/strong>: The \ufb01nancial industry\u2019s \ufb01rst platform featuring pre-built connectors and out-of-the-box integration capabilities facilitating the swift deployment of new banking services, allowing banks to outpace the competition.<\/li>\n<\/ul>\n

         <\/p>\n

        In line with Backbase’s commitment to revolutionize the banking industry, the company has also introduced a $10 million investment fund. This fund is dedicated to accelerating the connectivity of region-speci\ufb01c products, empowering banks worldwide to streamline their operations, reduce costs, and provide exceptional customer experiences.<\/p>\n

         <\/p>\n

        Backbase brings a wealth of experience from implementing complex end-to-end projects at major \ufb01nancial institutions worldwide. The new services include API design, solution architecture, DevOps and CI\/CD consulting, data migration services, and long-term interface management.<\/p>\n

         <\/p>\n

        Backbase is also at the forefront of revolutionizing the banking industry, with a mission to empower banks to reimagine and modernize their IT and business operations. Their commitment to customer-centricity, the elimination of point solutions, and the reduction of technical debt continue to drive innovation and e\ufb03ciency in the ever-evolving \ufb01nancial landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Backbase (www.Backbase.com), a leading Engagement Banking Platform provider, is thrilled to announce the launch of Grand Central, its groundbreaking Integration Platform-as-a-Service (iPaaS). This revolutionary offering is set to empower banks in expediting their modernization and digital transformation endeavors.   Banks spend signi\ufb01cant portions of their budgets and resources on creating, maintaining, and decommissioning point-to-point integrations […]<\/p>\n","protected":false},"author":1,"featured_media":13470,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[366],"tags":[],"class_list":["post-13469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/13469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/comments?post=13469"}],"version-history":[{"count":0,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/13469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media\/13470"}],"wp:attachment":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media?parent=13469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/categories?post=13469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/tags?post=13469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}