Describes the logic for the execution of technical functionalities and complements the front-end, which focuses on user interaction.
Among the examples are the transaction-oriented functionalities of core banking systems as well as the distributed ledger functionalities of many cryptocurrencies (DLT). Back-ends are typically used via interfaces (API).
More Term Definitions
- Altcoin
- Average Revenue Per User (ARPU)
- BaFin
- Algorithmic Trading/Algo Trading
- Account Information Service (AIS)
