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
- Gatekeeper Definition
- Single Sign-On (SSO) Definition
- Non-Fungible Token (NFT) Definition
- Mobile Banking Definition
- Interchange Fee (IF) Definition