API Console
Executive Summary
This service domain handles the fulfillment of a general loan product. This includes the initial set-up of the loan facility and the completion of scheduled and ad-hoc product processing tasks
Examples of Use
Example of use:An established and valued bank customer applies for and gets a loan for a home improvement project
Role Definition
The loan product represents a generic loan capability that may include different properties/features depending on a bank’s preferences and policies. The loan may or may not be secured by collateral.
Related Business Scenarios
Core Business Object
Key Features
- Set-up a loan facility
- Handle deposits and withdrawals
- Provide statements and assessment reports on the loan
- Support loan restructuring