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Backbase
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01 Jul 2003 (22 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Backbase
Company Information
Get to know Backbase
Backbase's Engagement Banking Platform is a state-of-the-art omni-channel banking software solution that empowers Financials to accelerate their digital transformation. Backbase's software provides all the building blocks and accelerators banks need to fast track the implementation of their next generation digital banking vision. The platform enables banks to create and manage seamless customer experiences across any device, that are directly integrated with any back-end system. Superior digital experiences are essential to stay relevant with consumers and Backbase enables financials to rapidly grow their digital business. More than 150 banks and credit unions around the world have standardised on the Backbase platform to streamline their omni-channel / digital operations, including ABN AMRO, Barclays, CheBanca!, Credit Suisse, Deutsche Bank, Fidelity, Hapoalim, HDFC, KeyBank, NBAD, OTP, PZU, PostFinance, Societe Generale and Westpac. Industry analysts Gartner, Forrester and Omnia rate Backbase as a market leader in terms of engagement banking platform capabilities and innovation, and award the company high marks for its deep focus on customer experience management and unparalleled speed of implementation. Backbase was founded in 2003, is privately funded, with headquarters in Amsterdam (HQ Global) and Atlanta (HQ Americas) and Singapore (HQ APAC). Specialties: Omni-Channel Banking Digital Transformation Online and Mobile Banking Software Digital Insurance Software Customer Experience Software On-boarding & Origination Software FinTech Innovation
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Technology Software Development
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