Banking Product Factory 20.2.6002

March 12th, 2021

This release introduces new features and improvements to Banking Product Factory such as: multiple interest rate option for repayment calculation, credit card banking product implementation with debit order interest, the possibility of creating multiple disbursements, and so on. The features and improvements are detailed below.

What's New

Multiple Disbursement Tranches Option

To better facilitate disbursements, users can now divide them into unequal payments or cash outflows. Thus, triggering a recalculation in terms of interest. The Disbursement Matrix section allows users to create or insert existing disbursement tranches, configured to fit the banking product. This is possible for card and term loan banking products. For more details, see Term Loans, and Cards.

Interest Rates Collections

In order to be able to hold more than one interest types, each with its own start period and installment, the Interest Rates Collections section is now available for Collection type interests. For more details, see Interests.

Interest for Credit Line or Debit Order

To facilitate interest rates calculation, users can now add interest that is applicable to the credit line or to the debit order. To accommodate this, the below checkboxes have been implemented. For more details, see Interests.

• Is Debit Order Interest

• Is Credit Line Interest