FintechOS 24

November 29th, 2023

This major release brings a completely redesigned Product Factory, a new way of designing your own banking and insurance products using predefined templates. With a few easy clicks, create your own Unsecured Loan, Mortgage, Home Insurance, and many more types of products, define commissions, fees, underwriting rules, documents, all that is needed to launch financial products in a straightforward and effortless way.

New Product Factory

The Product Factory offers a new way of creating and defining financial products. Following extensive research and user interviews, we've designed a sleek and intuitive UI that enhances the user experience and provides, right at your fingertips, all the tools you need to define financial products.

Start from predefined templates and create Current Accounts, Unsecured Loans, Mortgages, Buy Now Pay Later loans, Individual Healthcare, Home, Pet, and Motor Insurance policies.

Go further and define formulas for commissions and fees, easy to set up underwriting rules, documents that can be defined with only a few clicks, and much more. Additionally, the Offers functionality enables building new commercial conditions over existing products, creating bundles of different products and services (financial or non-financial). It uses Generative AI for offer descriptions, based on the product features. Find more info in the dedicated release notes.

Service

Loan Management

Loan Management comes with configurable product settings for servicing now decoupled from Product Factory, a new dashboard designed to improve the experience and productivity of back-office users, limit recalculation via asynchronous processing, performance improvements thanks to .NET adoption, and more.

For upgrades, the system automatically creates product service configuration records for all your previously created banking products, based on their product-level settings. Verify that these product service configurations are suitable for your business needs! Check out the dedicated release notes for more details and the mandatory changes this release brings.

Subledger

Subledger brings improved performance and full compatibility with FintechOS Platform v24. Check out the dedicated release notes for more.

Distribution Management

Distribution Management’s performance was also improved, and it is now fully compatible with FintechOS Platform v24. Check out the dedicated release notes for more.

Quote Admin

The new Quote Admin solution effectively handles quotes originating from both internal and external Quote & Bind processes, accessible to the end customer, all within a unified back-office setting. The business workflow includes the single and master quotes registration and management, customer decision processing, followed by the issuance of the policy with the new offer. Check out the dedicated release notes for more.

Policy Admin

Policy Administration comes with a new Change Engine that enables easier and, in some cases, full self-service configuration for mid-term adjustments (MTAs), along with other new features such as master policy reinstatement, self-service configurations for policy parties and payment schedules, and multiple MTAs registration card payments. Check out the dedicated release notes for more.

Expand

Customer 360

This release comes with fixed issues, improved performance, and is fully compatible with FintechOS Platform v24. Check out the dedicated release notes for more.

Fintech Operating System

The technology stack has been updated to create a more secure and self-contained ecosystem with:

  • Container-based .Net deployment

  • Integrated standalone API logic, removing FintechOS Portal dependency

  • FintechOS Identity Provider updated to the latest IAM system version

FintechOS Editor

The new FintechOS Editor brings a personal workspace, built on top of Visual Studio Code for pro-developers to adopt an enterprise ready development practice. It allows editing and managing digital solution structures. The following actions are available:

  • visualize solutions and edit code (js, html, css), in isolation

  • adopt “shift-left” through Sonar static code analysis

  • publish changes to a remote code Github repository

  • manage changes other users add to your solution

  • use, extend, and automate Github actions related to CI/CD

Keep in mind that the FintechOS Editor is available with a feature flag. Find instructions on how to activate it in the documentation.

Upgraded Anonymous Frontend Configuration

The Anonymous Frontends have been simplified by creating unique temporary user accounts for each anonymous journey session instead of reusing the same account (the impersonated user) for all sessions. This eliminates the necessity of a reverse proxy and to manually override the default save mechanism, while bringing extra security and easiness in "upgrading" anonymous users that start a journey to regular user accounts in the same session.

Task Management

Task Management comes with fixed issues, improved performance, and full compatibility with FintechOS Platform v24. Check out the dedicated release notes for more.

UI Designer

The UI Designer has a new modern look and comes with the following improvements:

  • Improved rich text editor for the paragraph components with the ability to apply bold/italic formatting, lists, links, images, videos, etc.

  • Mock-up attributes allow you to create fields for attributes that have not been defined yet in the data model (even if you are not working on a mock-up form or flow).

  • Previewers for how the form will look on desktop or mobile devices.

  • Full screen mode for distraction-free editing.

  • Hidden attributes, allowing you to bring attribute values in the form's context even if they are not displayed on screen.

  • Ability to apply CSS classes on individual form fields.

  • Drag-and-drop HTML Widget component to use instead of importing widgets via code (using ebs.generateHtmlWidgetAsync).

Flow Map

The flow map has been redesigned with a more modern look and shortcuts for editing and deleting steps.

Attach SQL Objects to Digital Assets

The new DB objects tab allows you to add database objects such as SQL stored procedures, views, or functions to your Digital Asset, making it easy to deploy them together with your Digital Solution.

Mandatory Changes

  • In Loan Management, you must create product service configuration records for banking products to be used in contracts. Read more in the Loan Management release notes.

  • B2C proxy server is retired, and Anonymous Frontends are deprecated

  • WSDL (SOAP) APIs are no longer supported. WSDL APIs and WSDL Web API client libraries have been discontinued. Instead, you can use Service Pipes for your WSDL integrations.

  • IDP features might trigger mandatory changes

  • Legacy Deployment Packages are no longer compatible with FintechOS v24

  • SendMail and sendMailNoEx method signature has been changed, with email queues managed by job servers

  • For custom files, the custom and custom-on-demand folder names are no longer customizable.

  • Legacy web.config settings for Blob storage are no longer supported and must be configured via Configuration Manager.

  • Legacy web.config settings and the EbsLogs.ApiLog database storage schema for API logging are no longer supported. API logging must be configured via Configuration Manager.

Known Limitations

FintechOS Editor

  • Metadata objects cannot be edited in FintechOS Editor, they need to be inserted and updated using the FintechOS Studio.

  • Differential deployment is not enabled for Digital Solution Packages built using the Github action to build solution.

  • Data Import Files cannot be updated using FintechOS Editor.

  • FintechOS code blocks and code snippets are not supported in the FintechOS Editor.

  • Navigation from FintechOS Editor back to FintechOS Studio may not work correctly on all item types.

Known Issues

Campaign Management

  • Preview Execution Plan is visible despite no Stage defined.