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
- Return On Investment (ROI) Definition
- Startup Phase Definition
- Rebundling Definition
- Lightning Network Definition
- BaFin (Federal Financial Supervisory Authority) Definition
