Backbase Launches Grand Central: A Next-Generation Integration Solution with $10 Million Innovation Fund

Backbase Launches Grand Central: A Next-Generation Integration Solution with $10 Million Innovation Fund

Backbase, a leading provider of loan management and origination software and systems, has announced the launch of Grand Central, a next-generation integration solution designed to help financial institutions connect with their customers and partners in a more efficient and effective way.

Grand Central is a cloud-based platform that enables financial institutions to integrate with a wide range of third-party applications and services, including those for:

  • Customer relationship management
  • Lending
  • Payments
  • Risk management

By using Grand Central, financial institutions can eliminate the need for custom integrations, which can be time-consuming and expensive. Grand Central also provides a single point of access to all of a financial institution's integrated applications and services, making it easier for employees to access the information they need to serve customers.

In addition to its integration capabilities, Grand Central also includes a number of other features that can help financial institutions improve their operations, including:

  • A low-code/no-code development environment that makes it easy to build custom applications and workflows
  • A data lake that stores all of a financial institution's data in a single, secure location
  • A set of pre-built connectors that can be used to integrate with a variety of third-party applications and services

Backbase is also launching a $10 million innovation fund to support the development of new applications and services that can be integrated with Grand Central. The fund will be used to invest in startups and other companies that are developing innovative solutions for the financial services industry.

"Grand Central is a game-changer for financial institutions," said Backbase CEO Jouk Pleiter. "It will enable them to connect with their customers and partners in a more efficient and effective way, and it will give them the tools they need to innovate and grow."

To learn more about Grand Central, please visit https://www.backbase.com/grand-central/.

To schedule a demo, please call toll-free at (877) 227-7271 or visit https://www.fundingo.com/contact-us/.

Comments

Post a Comment

Popular posts from this blog

Crafting Customized Loan Documents: A Crucial Element for Deal Success in 2024

Image
Crafting Customized Loan Documents: A Crucial Element for Deal Success in 2024 In the fast-paced world of finance, loan management has become increasingly complex. With advancements in technology and evolving regulations, lenders are faced with the challenge of staying ahead of the curve to ensure deal success. One crucial element that can make or break a transaction is the crafting of customized loan documents. Loan Management Software: A Game-Changer To effectively manage loans in today's landscape, financial institutions need robust loan management software or systems. These tools streamline the entire loan origination and servicing process, enabling lenders to efficiently handle tasks such as document creation, tracking, and compliance management. By leveraging loan management software, lenders gain a competitive edge by automating repetitive tasks and reducing human error. This allows them to focus on more strategic aspects of deal-making while ensuring accuracy and effic
Read more

Automating Loan Processing with Cloud-Based Solutions

Image
Automating Loan Processing with Cloud-Based Solutions Unleashing Efficiency and Speed in the Lending Landscape In today's fast-paced financial world, lenders grapple with the challenge of streamlining their loan processing operations to meet growing customer expectations. Enter the transformative power of cloud-based solutions, offering a game-changing approach to automate and optimize the lending lifecycle. Automating loan processing brings a myriad of benefits that can revolutionize the way lenders operate: Reduced Processing Time: Cloud-based platforms automate repetitive and time-consuming tasks, significantly reducing processing time and allowing lenders to focus on higher-value activities. Improved Accuracy: Automated systems eliminate human errors, ensuring data integrity and reducing the risk of costly mistakes. Enhanced Customer Experience: Customers enjoy a seamless and efficient borrowing experience with faster loan approvals and transparent communication. In
Read more

Maximize Your Loan Management with Fundingo Loan Software for Lenders

Image
Maximize Your Loan Management with Fundingo Loan Software for Lenders As a lender, managing loans efficiently is crucial for the success of your business. With the ever-increasing demands of borrowers and the complexities of loan processes, it's essential to have a reliable loan management system in place. This is where Fundingo Loan Software comes into play. The Need for Effective Loan Management Loan management involves various tasks such as application processing, underwriting, documentation, disbursement, and repayment tracking. Without an efficient system to handle these tasks, lenders can face numerous challenges and bottlenecks that hinder productivity and profitability. In today's fast-paced lending industry, manual processes are no longer sufficient. They are prone to errors, time-consuming, and lack scalability. To stay competitive and provide exceptional service to borrowers, lenders need to embrace technology-driven solutions like Fundingo Loan Software. Intro
Read more