Data Model Description

If you want to help your SME customers know beforehand the costs of a loan and the product options that are suitable, you can use a predefined industry standard data model for SME lending, such as the one available with SME Mobile Lending, which you can further customize and tailor to your business needs.

The SME Mobile Lending solution's data model was built based on the business entities created in FintechOS Studio. It contains both entities used throughout several solutions, defined in the Common Data Model, which covers the most important industry-specific entities and data sets referring to applications, applicants, or products, as well as extensions, which are business-specific entities needed for this use case. The main entity holds details about the application and stays at the center of the data model keeping the important business information, and a series of other entities are inter-connected in a logical manner, describing the entire business logic of the solution.

The loan application is the central object of this accelerator and it is stored in the Application entity, hereby considered the main entity of the data model. It contains information about the application form (number, date, and type), the name of the applicant, the banking product opted for along with currency, and the contract type generated for the loan, if any.

Each application record is linked to a series of other records from entities that hold business-relevant data. The data model stores records about the SME applicant who submits the loan application, their address, the banking products offered, any documents referring to the application, either submitted by the applicant or generated as a result of the application, any pricing relevant values, all the details of the granted loan, the applicant's feedback, and so on.

During the implementation phase of your project, you can extend the existing data model to fill your specific business needs.

The data model contains entities designed specifically to hold data for the following:

  • the application process (with details such as application number and date, applicant name, or banking product);

  • the SME and the SME representative who applied for the loan, as well as their relation;

  • the corporate address of the SME applicant and the representative's address;

  • the financial data and of the SME;

  • information about any existing loans of the SME;

  • the documents submitted by the SME;

  • the information about the banking products that can be applied for;

  • the pricing information;

  • the loan granted as a result of the application process;

  • the feedback of the applicant.