Backbase
Backbase provides an Engagement Banking Platform that helps financial institutions unify their customer journeys across all digital touchpoints and modernize their legacy banking systems with a customer-centric approach.
Revolut Business
Revolut Business is a borderless financial super-app providing multi-currency accounts, corporate cards, and integrated spend management tools to help companies scale globally and manage their finances in one place.
Quick Comparison
| Feature | Backbase | Revolut Business |
|---|---|---|
| Website | backbase.com | revolut.com |
| Pricing Model | Custom | Freemium |
| Starting Price | Custom Pricing | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2003 | 2015 |
| Headquarters | Amsterdam, Netherlands | London, UK |
Overview
Backbase
Backbase helps you transform your financial institution into a digital-first bank by unifying all your customer journeys onto a single platform. Instead of struggling with fragmented legacy systems, you can manage retail, business, and wealth management services through one cohesive interface. This approach allows you to move away from product-siloed operations and focus entirely on the customer experience across web and mobile channels.
You can orchestrate every touchpoint in the customer lifecycle, from initial onboarding and daily banking to complex loan applications. The platform acts as an engagement layer that sits on top of your existing core banking systems, giving you the flexibility to innovate quickly without the risk of a complete core replacement. It is designed specifically for mid-to-large sized banks and credit unions looking to compete with digital-native challengers.
Revolut Business
Revolut Business is a comprehensive financial platform designed to help you manage your company's money without the friction of traditional banking. You can open multi-currency accounts in minutes, allowing you to hold, receive, and exchange over 25 currencies at competitive interbank rates. This makes it an ideal solution if you frequently deal with international suppliers or remote employees across different borders.
The platform centralizes your entire financial stack by combining corporate cards, automated expense tracking, and payroll tools into a single interface. You can issue physical or virtual cards to your team with custom spending limits and track every transaction in real-time. Whether you are a freelancer just starting out or a growing enterprise, the software scales with you to eliminate manual bookkeeping and reduce foreign exchange costs.
Overview
Backbase Features
- Unified Engagement Layer Connect all your banking services into one single platform to provide a consistent experience across web and mobile apps.
- Digital Onboarding Create frictionless account opening processes that allow your customers to sign up and verify their identity in minutes.
- Banking-as-a-Service Deploy pre-built functional components for retail and business banking to accelerate your time-to-market for new digital features.
- Journey Orchestration Design and manage complex customer workflows visually to ensure every interaction feels personalized and relevant to your users.
- Employee Interface Empower your staff with a 360-degree view of customer data so they can provide better support and relevant product offers.
- Cloud-Native Deployment Scale your operations reliably using modern cloud infrastructure that supports high-volume transactions and ensures constant availability.
Revolut Business Features
- Multi-Currency Accounts. Hold and exchange over 25 currencies at the interbank rate to save money on international business transactions.
- Smart Corporate Cards. Issue physical and virtual cards to your team with individual spending limits and real-time tracking capabilities.
- Automated Expenses. Snap photos of receipts on your phone and let the app automatically categorize and reconcile your business spending.
- Bulk Payments. Make up to 1,000 payments at once in multiple currencies to save hours on weekly payroll and invoices.
- Payment Links. Create and send professional payment links to your customers to get paid instantly without needing a complex website.
- Approval Workflows. Set up custom rules to review and approve team payments before they go out to maintain full control.
Pricing Comparison
Backbase Pricing
Revolut Business Pricing
- Local account details
- International account details
- Plastic and virtual cards
- 5 fee-free local transfers
- 1.5% fee on FX exchanges
- Unlimited team members
- Everything in Free, plus:
- 100 fee-free local transfers
- 10 fee-free international transfers
- $10k fee-free FX allowance
- Priority 24/7 support
- Bulk payment tools
Pros & Cons
Backbase
Pros
- Highly flexible architecture supports complex banking requirements
- Significantly improves the end-user digital experience
- Strong library of pre-built widgets accelerates development
- Excellent documentation for developers and implementation partners
- Effective at modernizing legacy systems without replacement
Cons
- Implementation requires significant technical expertise and time
- High total cost of ownership for smaller institutions
- Frequent updates can require dedicated maintenance resources
Revolut Business
Pros
- Fast account setup compared to traditional banks
- Competitive exchange rates for international payments
- User-friendly mobile app for managing finances
- Easy integration with popular accounting software
- Instant notifications for all card transactions
Cons
- Customer support response times can be slow
- Strict automated account freezes for compliance
- Limited features on the basic free plan