Amsterdam – Backbase today announced it has won a “Best in Class” recognition in Javelin’s 2021 Small-Business Digital Account Opening Scorecard, further solidifying its leading position for Digital Sales solutions. The report provides a rigorous analysis of the Small-Business customer onboarding vendor landscape, including profile comparison of six different solutions. The breadth of solution’s applicant-facing customer journey, comprehensive administrative tools for bankers, as well as user experience, contributed to Backbase’s Best in Class standing.
Backbase is proud to have been recognised as a leader in all three evaluation categories; Customer Journey, Administrative Tools and User Experience.
“Backbase’s SME Banking platform has taken a comprehensive approach to solving the challenges presented by the small- business account-opening process, including pithy and effective applicant preparation, unique integrations with third parties and databases to streamline information and document collection, and well-designed approaches for managing banker-to-applicant communications. Backbase’s banker-facing platform is robust as well, using decision-tree graphics to provide a unique approach to application management,” states Ian Benton, Senior Analyst, Digital Banking at Javelin Strategy & Research.
Javelin’s 2021 Small-Business Digital Account Opening Scorecard report assesses vendors that address the complex, multifaceted challenge of opening small business checking accounts, from the perspective of both applicants and bankers. When examining the contenders in the space, Javelin considered several key platform criteria. Among those were:
“This recognition truly excites us as it validates our one platform approach through which Fi’s can delight customers and streamline operations. Fi’s need to take control of their full customer journey and orchestrate every engagement with prospective buyers and customers to offer a digital account opening that is fast, frictionless and flexible at scale. With the Backbase Engagement Banking platform, Fi’s are able to aggregate value every step of the way. From pre-application to product selection and onboarding. We’re thrilled to receive this recognition as leader of the pack in the extensive vendor comparison by Javelin Strategy & Research.”
Jouk Pleiter, CEO and founder of Backbase
Javelin’s report further highlights Backbase’s innovative and comprehensive customer journey and administrative tools such as:
Keen to learn more? Get the full insights and download Javelin’s 2021 Small-Business Digital Account Opening Scorecard report here
We’re the creators of the Backbase Engagement Banking Platform (EBP). Its purpose is to help financial institutions turn the threat of digital into an opportunity, and get ahead in today’s competitive digital landscape. We give banks the speed and flexibility to orchestrate seamless customer and employee experiences across any device and deliver measurable business results. From onboarding and origination, to everyday banking and servicing, we help financial institutions surpass their customers’ expectations at every touchpoint. That’s made possible with the Backbase Engagement Banking Platform — with ready-to-go apps for Retail, Wealth Management, SME and Corporate banking. Built from the ground up as one future-proof platform with customers & employees at its center, it easily plugs into existing core banking systems and comes pre-integrated with the latest fintechs so Financial Institutions can go beyond banking and innovate at scale.
Industry analysts Forrester, Gartner, Omdia and Celent continuously recognize Backbase’s front-runner position. Over 120 financials around the world have embraced the Backbase Engagement Banking Platform—including HSBC, RBC, Raiffeisen Bank, Deutsche Pfandbriefbank, Berenberg, PostFinance, Barclays, BNP Paribas, Citibank, Société Générale, Citizens Bank, BKS Bank, Sberbank, Valiant, Advancia, Discovery Bank, Credit Suisse, Bank de Luxembourg, Lloyds and Metrobank.