Backpack team will attend the iFX Expo Asia 2017 in Hong Kong between the 22nd and 23rd of February. Backpack will enjoy this opportunity to officially put an end to Spaghetti Applications in the capital markets industry for 2017.
Spaghetti Applications is a very common syndrome in the financial world, and can be described as a disparate set of assembled Front & Back Office applications. To make it short, it’s a very complex systems architecture, which severely damage business and operational efficiency. First, it makes the flow of data difficult from diverse source systems (like operational applications for ERP, CRM, Payment Gateways, Compliance tools where most enterprise data originates) through multiple transformations of the data to get it ready for loading into diverse target systems (like data warehouses, Business Intelligence or Reporting). Financial firms have a hard time visualizing their current operational situation quickly, as data between applications has difficulty flowing from one to the other, making aggregated reports difficult to produce. With various systems involved, data security is at stake as firms are juggling with multiple credentials and access. Because of its complexity, integration and transformation are difficult to introduce, making it almost impossible to align quickly with changes, in particular, those requested by a strengthening financial regulation environment.
Fortunately, in 2017, Spaghetti will return to their plate. Backpack puts an end to Spaghetti Applications in the capital markets by taking all Front & Back Office applications into a All-In-One solution. Financial firms can now manage their business full-cycle using one integrated SaaS platform, with a simple and harmonious architecture. With 6 modules into one front, companies are maximizing the simplicity of their operations and concentrate on their core business. Backpack integrates with one single line of code, implemented in the company website as a powerful customer on-boarding widget.
Backpack platform also offers the precious advantage of one unique API layout, making it easy to connect with any third parties FinTech companies. Backpack Marketplace allows financial firms to enrich their business processes by integrating some of the most innovative FinTech solutions directly to Backpack platform, within a short period of time.
It’s time for you to get ride of your Spaghetti. Come and meet us at the iFX Expo Asia 2017, booth #6, and experience the power of Backpack!
To get an appointment with a member of our team, please send us an email at email@example.com with subject “Enough of Spaghetti!”.