Transaction Types Used in Core Banking

Any transfer of funds between two bank accounts is recorded as a transaction. There are different types of transactions used in the financial world.

You can manage the transaction types in the FintechOS Portal's Admin Configurations -> Transaction Type or General Ledger Configurations -> Transaction Type menu. See more details about managing transaction types in the Operational LedgerUser Guide. You can also manage transaction type records in the Innovation Studio's Product Factory > Banking Product Dictionaries > Transaction Type menu.

Before being approved and used within contracts, each banking product must have its allowed transaction types specified in the Associated Transaction tab. For more information, see Banking Product Factory.