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
- Straight Through Processing (STP) Definition
- Enterprise Architecture (EA) Definition
- Algorithmic Trading (Algo Trading) Definition
- BPO (Business Process Outsourcing) Definition
- Client-Server Definition