Digital Banking Platform
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A Digital Banking Platform is a cloud-native API-first financial services platform that can support digital banking tasks (through digital banking service orchestration and digital banking channel integration).
- AKA: Digital Banking Solution, Online Banking Platform, Digital Financial Services Platform, Banking-as-a-Service Platform.
- Context:
- It can typically provide Digital Banking Core Services through digital banking microservice architectures.
- It can typically enable Digital Banking Account Management through digital banking API endpoints.
- It can typically process Digital Banking Payments through digital banking transaction engines.
- It can typically deliver Digital Banking User Experiences through digital banking interface frameworks.
- It can typically maintain Digital Banking Compliance through digital banking regulatory modules.
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- It can often integrate Digital Banking Third-Party Services through digital banking partner ecosystems.
- It can often support Digital Banking Mobile Applications through digital banking SDKs.
- It can often facilitate Digital Banking Open Banking through digital banking data sharing protocols.
- It can often enable Digital Banking Analytics through digital banking data platforms.
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- It can range from being a Basic Digital Banking Platform to being an Advanced Digital Banking Platform, depending on its digital banking feature sophistication.
- It can range from being a Monolithic Digital Banking Platform to being a Microservices Digital Banking Platform, depending on its digital banking architecture pattern.
- It can range from being a Single-Bank Digital Banking Platform to being a Multi-Tenant Digital Banking Platform, depending on its digital banking deployment model.
- It can range from being a Regional Digital Banking Platform to being a Global Digital Banking Platform, depending on its digital banking geographic scope.
- It can range from being a Traditional Digital Banking Platform to being a Embedded Digital Banking Platform, depending on its digital banking delivery model.
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- It can implement Digital Banking Security through digital banking encryption standards.
- It can ensure Digital Banking Scalability through digital banking cloud infrastructure.
- It can provide Digital Banking Customization through digital banking configuration management.
- It can support Digital Banking Innovation through digital banking development tools.
- It can enable Digital Banking Integration through digital banking middleware layers.
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- Examples:
- Core Banking Digital Banking Platforms, such as:
- Neo-Bank Digital Banking Platforms, such as:
- Embedded Finance Digital Banking Platforms, such as:
- Regional Digital Banking Platforms, such as:
- ...
- Counter-Examples:
- Healthcare Digital Platforms, which lack digital banking financial transaction processing.
- Legal Practice Management Platforms, which lack digital banking monetary service capability.
- E-Commerce Platforms, which lack digital banking regulated financial service.
- Educational Learning Platforms, which lack digital banking financial account management.
- Legacy Core Banking Systems, which lack digital banking API-first architecture.
- Standalone Mobile Banking Apps, which lack digital banking platform comprehensiveness.
- Payment Gateways, which lack digital banking full-service capability.
- See: Bank Institution, Financial Services Platform, JP Morgan Chase IT System, Executive Information System, Customer Relationship Management (CRM) 3rd-Party Platform, Financial Transaction, Financial Domain Knowledge Base, Market-based Economy, Investment Company.