Backbase launches world’s first AI-powered banking platform

Onome Amuge 

Backbase, a leading industry player in digital banking solutions, has announced an innovative  shift with the launch of what it claims is the world’s first AI-powered banking platform. 

This move, building on the introduction of its Intelligence Fabric in September 2024, aims to redefine the core infrastructure of banking in the artificial intelligence era and equip financial institutions with both the technology and the expertise to drive substantial growth.

The next-generation platform is specifically engineered to accelerate both growth and efficiency within banks by unifying two critical operational domains: customer servicing and digital sales. Backbase’s leadership asserts that this launch marks a pivotal step in its ambition to empower bankers to leverage AI at the forefront of their operations, fostering sustainable and profitable expansion.

Unifying sales and service through intelligent automation

In an increasingly competitive financial landscape, Backbase argues that traditional, passive digital channels and reactive workflows are no longer sufficient. The new AI-powered platform is designed to enable banks to:

• Transform customer engagement through AI-driven self-service options and real-time support functionalities.
• Integrate AI into daily operations to enhance employee productivity and facilitate more informed decision-making processes.
• Streamline and scale sales efforts via intelligent activation strategies and end-to-end automation capabilities.
• Expand revenue streams by leveraging AI to identify and execute up-selling and cross-selling opportunities, thereby deepening customer relationships.

Jouk Pleiter, CEO and founder of Backbase, emphasised the need for tangible results over experimental projects. “Banks don’t need more pilots – they need outcomes. With our AI-powered Banking Platform, we’re going all-in on the AI opportunity and empower banks to boost productivity, automate intelligently, and unlock growth faster than ever,” he stated.

Addressing the industry’s AI imperative

Backbase argues that the banking sector is at a critical juncture. While fintech firms are rapidly advancing, many established banks remain constrained by legacy technology and fragmented data, hindering their ability to fully capitalise on the potential of AI. The company posits that the next decade will be defined by banks that can effectively orchestrate AI-powered growth strategies, encompassing customer acquisition, activation, expansion, and retention at scale.

Powered by the intelligence fabric and agentic AI

The core of the new platform is the Intelligence Fabric, a unified data foundation designed to convert behavioural signals, transactional data, and operational insights into real-time, actionable intelligence.

A key innovation within the platform is agentic AI, comprising modular, intelligent agents specifically designed for banking applications. Operating within defined parameters, these agents are seamlessly integrated into service and sales workflows, automating tasks, suggesting optimal next steps, and enhancing productivity across both front and back-office operations.

Emphasis on trust, security, and talent development

Backbase stresses that its platform is built on a foundation of trusted AI, ensuring that all decisions, recommendations, and actions are transparent, secure, and auditable. The development, deployment, and governance of AI agents occur within a tightly controlled environment, enabling banks to scale their AI adoption confidently while adhering to stringent compliance, risk, and operational integrity standards.

Recognising the critical talent gap in AI adoption within the banking industry, Backbase is also introducing the AI Factory, an embedded delivery model designed to bridge this skills shortage. By integrating Backbase’s AI specialists directly into banks’ teams, the company aims to facilitate the rapid co-creation of high-impact use cases and accelerate the transition from innovation to practical execution.

“This isn’t proof-of-concept AI. This is a packaged, production-ready operating model to move banks from experimentation to execution, fast. AI waits for no bank. It’s not a wait-and-see – it’s here, and it’s rewriting the rules of the industry. The time to act is now,” asserted Pleiter. 

Backbase’s AI-powered Banking Platform is now available and, according to the company, is already delivering efficiency gains and unlocking new growth opportunities for early adopters.