Digital Banking Software Provider Backbase Opens Singapore HQ

Backbase, a Netherland’s-based digital banking software provider, has opened its Asia Pacific headquarters in Singapore to strengthen its regional footprint.

In a statement, Backbase said the opening of its regional centre in Singapore will ensure greater proximity to clients and provide services and expertise to businesses in Asia Pacific.

With the launch of the new APAC headquarters, Backbase has recently announced its next-generation Backbase-as-a-Service, a managed cloud platform service that covers Backbase’ entire portfolio of banking products.

The platform is available worldwide to support banks and neo-banks in keeping pace, helping businesses to innovate with speed whilst reducing their costly operational hurdles.

Backbase said more than 100 large financials around the world have benefitted from its omnichannel, digital-first banking platform, including ABN AMRO, AIB, Barclays, Banamex, Bank United, BNP Paribas, Central1, Citi bank, Citizens Bank, CheBanca!, HDFC, Hiscox, IDFC First,KeyBank, Lloyds Banking Group, Metrobank, Navy Federal Credit Union, PostFinance, RBC, Societe Generale, and Westpac.

The APAC office puts Backbase in the heart of a tightly-knit community of like-minded fintech companies. It will provide Backbase with access to specialised workers, shared innovation, and proximity to related professional services in the fintech industry.

“Our new APAC office brings us so much closer to our customers in the region. We already have a dozen very strategic customers in the APAC region, and together with them we are rapidly expanding
our regional development centers – recruiting and onboarding digital talent to help us execute multiple strategic digital transformation projects in the region,” CEO for Backbase, Jouk Pleiter said.

The company said there is a rising demand for fintech solutions in the region underpinned by the rapid adoption of technology, as well as a segment of consumers and small- and medium-sized enterprises
(SMEs) underserved by traditional banking solutions.

These factors, coupled with the economic potential of the region, sets a strong foundation for financial institutions to adopt a digital-first approach in providing customised services, the company said.