Configuring the Banking Products

This processor creates and maintains products that are used in FintechOS form driven flows and later in digital journeys. To visualize and to administer them, access the dedicated menu for Product Factory within the Innovation Studio. The four custom products are included in the solution with pre-loaded filters and ranking systems. They are a great place to start, but if for some reason you need further configurations, you have limitless possibilities to modify, extend or define new custom offerings for your customers. ​It offers configurations such as product dimensions for commissions, interests, and product filters to navigate through the list of products created based on a filtering scope. The SME Mobile Lending journey has:

• BP_SMEL_01 Seasonal Trading Loan

• BP_SMEL_02 Start-up Unsecured Loan

• BP_SMEL_03 Flexible Unsecured Loan
• BP_SMEL_CS Revolving Credit Limit.

1 BP_SMEL_01 Seasonal Trading Loan

This banking product has the following configurations:

Main Info

Fields	Description	Example
Product Type	Select from the list the entry bank account.	Term Loan
Banking Product code	Insert a unique code.	BP_SMEL_01
Name	Insert a suggestive name.	Seasonal Trading Loan
Start date	Select the date when to have the product valid.	11/17/2021
End date	Select the date when the product availability ends.	11/29/2029
Description	The depiction of the product.	For seasonal needs with flexible repayments.

 

 

Details

Fields	Description	Example
Banking Account Type	Choose Loan Term Account from the list.	Loan Term Account
Autodisbursement	The amount is automatically disbursed in the account.	True.
Interest Payment Type	Choose one from the following: Monthly Maturity Yearly Daily Quarterly.	Monthly
Payment Schedule Types	The type of payments had by the borrower for the loan.	Equal Installment Monthly 360
Product Destination Types	The destination of the loan.	Seasonal Trading
Associated Products	The additional products correlated.	Revolving Credit Limit

 

 

Availability

Fields	Description	Example
Currency	Choose the currency for this banking product.	EUR
Period Type	Choose one: Days Weeks Months Years	Months
Minimum Period	This is the minimum duration of the product mentioned in the contract.	1
Maximum Period	This is the maximum duration of the product mentioned in the contract.	60
Minimum Amount	This is the minimum amount of the product for which the bank opens a contract.	1000
Maximum Amount	This is the maximum amount of the product for which the bank opens a contract.	10000

 

Dimensions

Grid	Value
Interests & Commissions	Seasonal Trading Loan
Discounts	Income Receiving SMEL
Questions	How many signatures are or will be associated with the business? Have you, your business or your partners been declared bankruptcy in the past 6 years? Have you or your business partners had any County Court Judgements registered against you?

2 BP_SMEL_02 Start-up Unsecured Loan

This banking product has the following configurations:

Main Info

Fields	Description	Example
Product Type	Select from the list the entry bank account.	Term Loan
Banking Product code	Insert a unique code.	BP_SMEL_02
Name	Insert a suggestive name.	Start-up Unsecured Loan
Start date	Select the date when to have the product valid.	16/11/2021
End date	Select the date when the product availability ends.	29/11/2029
Description	The depiction of the product.	Fixed rates with grace period.

Details

Fields	Description	Example
Banking Account Type	Choose Loan Term Account from the list.	Loan Term Account
Autodisbursement	The amount is automatically disbursed in the account.	True.
Interest Payment Type	Choose one from the following: Monthly Maturity Yearly Daily Quarterly.	Monthly
Payment Schedule Types	The type of payments had by the borrower for the loan.	Equal Installment Monthly 360
Product Destination Types	The destination of the loan. These are used for the profiling of the customer and to offer them a tailored product for their financing needs.	Bill or Tax payment Cashflow headroom Debt Refinancing Equipment Purchase Facilities improvement Seasonal Trading Stock Purchase
Associated Products	The additional products correlated.	Revolving Credit Limit

Availability

Fields	Description	Example
Currency	Choose the currency for this banking product.	EUR
Period Type	Choose one: Days Weeks Months Years	Months
Minimum Period	This is the minimum duration of the product mentioned in the contract.	1
Maximum Period	This is the maximum duration of the product mentioned in the contract.	60
Minimum Amount	This is the minimum amount of the product for which the bank opens a contract.	1000
Maximum Amount	This is the maximum amount of the product for which the bank opens a contract.	10000

 

Dimensions

Grid	Value
Interests & Commissions	Start-up Unsecured Loan
Discounts	Income Receiving
Questions	How many signatures are or will be associated with the business? Have you, your business or your partners been declared bankruptcy in the past 6 years? Have you or your business partners had any County Court Judgements registered against you?

3 BP_SMEL_03 Flexible Unsecured Loan

This banking product has the following configurations:

Main Info

Fields	Description	Example
Product Type	Select from the list the entry bank account.	Term Loan
Banking Product code	Insert a unique code.	BP_SMEL_03
Name	Insert a suggestive name.	Flexible Unsecured Loan
Start date	Select the date when to have the product valid.	11/17/2021
End date	Select the date when the product availability ends.	11/29/2029
Description	The depiction of the product.	Floating rates with low interest fees

 

Details

Fields	Description	Example
Banking Account Type	Choose Loan Term Account from the list.	Loan Term Account
Autodisbursement	The amount is automatically disbursed in the account.	True.
Interest Payment Type	Choose one from the following: Monthly Maturity Yearly Daily Quarterly.	Monthly
Payment Schedule Types	The type of payments had by the borrower for the loan.	Equal Installment Monthly 360
Product Destination Types	The destination of the loan. These are used for the profiling of the customer and to offer them a tailored product for their financing needs.	Bill or Tax payment Cashflow headroom Debt Refinancing Equipment Purchase Facilities improvement Seasonal Trading Stock Purchase
Associated Products	The additional products correlated.	Revolving Credit Limit

 

Availability

Fields	Description	Example
Currency	Choose the currency for this banking product.	EUR
Period Type	Choose one: Days Weeks Months Years	Monthly
Minimum Period	This is the minimum duration of the product mentioned in the contract.	1
Maximum Period	This is the maximum duration of the product mentioned in the contract.	60
Minimum Amount	This is the minimum amount of the product for which the bank opens a contract.	500
Maximum Amount	This is the maximum amount of the product for which the bank opens a contract.	100000

 

4 BP_SMEL_CS Revolving Credit Limit

This banking product has the following configurations:

Main Info

Fields	Description	Example
Product Type	Select from the list the entry bank account.	Term Loan
Banking Product code	Insert a unique code.	BP_SMEL_CS
Name	Insert a suggestive name.	Revolving Credit Limit
Start date	Select the date when to have the product valid.	11/17/2021
End date	Select the date when the product availability ends.	11/29/2029
Description	The depiction of the product.	Hassle-free accessible cash for daily needs

Details

Fields	Description	Example
Banking Account Type	Choose Loan Term Account from the list.	Loan Term Account
Auto disbursement	The amount is automatically disbursed in the account.	True.
Interest Payment Type	Choose one from the following: Monthly Maturity Yearly Daily Quarterly.	Monthly
Payment Schedule Types	The type of payments had by the borrower for the loan.	Equal Installment Monthly 360
Product Destination Types	The destination of the loan. These are used for the profiling of the customer and to offer them a tailored product for their financing needs.	Bill or Tax payment Cashflow headroom Debt Refinancing Equipment Purchase Facilities improvement Seasonal Trading Stock Purchase
Associated Products	The additional products correlated.	Revolving Credit Limit

Availability

Fields	Description	Example
Currency	Choose the currency for this banking product.	EUR
Period Type	Choose one: Days Weeks Months Years.	Monthly
Minimum Period	This is the minimum duration of the product mentioned in the contract.	1
Maximum Period	This is the maximum duration of the product mentioned in the contract.	60
Minimum Amount	This is the minimum amount of the product for which the bank opens a contract.	500
Maximum Amount	This is the maximum amount of the product for which the bank opens a contract.	20000

 

Questions

Access Innovation Studio > Product Factory > Banking Product Dimensions > Questions > Banking Product Questions List. These questions are used to determine the eligibility of the customer in the Disclosures step. They are used in the formula Knockout_CML.

 

 

 

For more details about this automation processor, see Banking Product Factory v3.0.