Configuring the Banking Product

After installing the SME Digital Lending and Underwriting package on your environment, together with its prerequisites, a banking product is already configured, and available in FintechOS Studio, Product Factory > Banking Products.

Product Code

Name

Class

Subclass

 Category

CL

Credit Line

Corporate

SME

Loan

You can make further configurations to the banking product depending on your business needs. Read more about all features in the Banking Product Factory Guide.

NOTE  

To modify the existing product, you must create a new version and modify it since the product is in Active state.

The Grace Period, Loan Period and Grace Type displayed in the Product > Credit Line tab are configured in Product Factory > Banking Products > Credit Line product > Details tab. Here you can modify the Grace Period (edit the Product Grace field), Loan Period (edit the Period Type field) and Grace Type (edit the Grace Type field) according to your needs.

Also, you can modify the Collateral type displayed in the Product > Collateral tab. To do so, in the Product Factory > Banking Products > Credit Line product > Details tab, edit the Allowed Guarantee Type field.

For more details on how to configure the availability, see Banking Product Factory > Add Details section.

You can modify the credit line Requested Amount displayed in the Product > Credit Line tab according to your needs. Access Product Factory > Banking Products > Credit Line product > Availability tab, and edit the Minimum Amount and Maximum Amount fields.

Also, you can modify the loan period displayed in the Product > Credit Line tab. Access Product Factory > Banking Products > Credit Line product > Availability tab, and edit the Minimum Period and Maximum Period fields.

For more details on how to configure the availability, see Banking Product Factory > Configure Availability section.

The questions available in the Eligibility step are configured in the Banking Product Questions List in FintechOS Studio. To add more or modify them, access Product Factory > Banking Product Dimensions > Questions section. For more details, see the Banking Product Factory Guide.

In addition, financial institutions can modify the logic for the calculation of the answers as they are used in the eligibility process. For details, see the FTOS_DBK_CheckEligibilityQuestions formula.

After the bank representative clicks Continue in the Eligibility step, the answers to the predefined questions are saved in the database, and a check is performed to determine whether or not the SME customer can continue with the application process. For details, see FTOS_DBK_CheckEligibilityAnswers.

The GDPR, Marketing, Relative, Information, Affiliates and Business agreements documents used in the Company Representative step are configured using the Digital Documents processor. To access these documents, go to FintechOS Studio and click Main Menu > Automation Blocks > Digital Documents. For more details on how to configure the documents, see the Digital Documents processor Guide.

After the configuration, they are linked to the banking product, in the Documents tab. To add more or modify them, access Product Factory > Banking Product Dimensions > Documents tab. For more details on how to add the documents to the Banking Product, see the Banking Product Factory Guide.

The Loan Destination displayed in the Product > Credit Line tab is configured in Product Factory > Banking Products > Credit Line product > Origination Elements > Product Destination Types section. Here you can modify the loan destination according to your needs.

For more details on how to configure the loan destination, see Banking Product Factory > Manage Origination Elements section.