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
- Regtech Definition
- Back-End Definition
- Zombie Loan Definition
- Practical Byzantine Fault Tolerance (PBFT) Definition
- Western Union Definition