Modules & Services
Account Management
Comprehensive account management system supporting various account types including digital wallets, savings, loans, and fixed deposits with flexible configuration options for fintechs.
The Account Management module is the primary account type system in Woodcore, providing a flexible framework for managing various account types and enabling fintechs to build sophisticated wallet systems for their end users.
Account Overview
Account Overview
The Account Management system is designed to be the foundation for fintech wallet systems, providing all necessary features for modern digital banking.
Account Types
Account Types
Digital Wallets
Digital Wallets
Digital wallets are the primary account type for fintech applications, providing a flexible foundation for various financial services.
- Real-time balance tracking
- Instant P2P transfers
- QR code payments
- Bill payments
- Mobile top-up
- Merchant payments
- Cash-in/Cash-out
- Transaction history
Savings Accounts
Savings Accounts
Savings accounts provide interest-earning capabilities with various features for different customer needs.
- Regular savings
- High-yield savings
- Goal-based savings
- Children’s savings
- Interest calculation
- Withdrawal limits
- Minimum balance requirements
Current Accounts
Current Accounts
Current accounts are designed for frequent transactions and business operations.
- Business accounts
- Personal accounts
- Zero balance accounts
- Premium accounts
- Transaction limits
- Overdraft facilities
- Check book facilities
Fixed Deposits
Fixed Deposits
Fixed deposits offer higher interest rates for funds locked for specific periods.
- Term deposits
- Flexible deposits
- Senior citizen deposits
- Corporate deposits
- Interest rate options
- Premature withdrawal
- Auto-renewal
Recurring Deposits
Recurring Deposits
Recurring deposits allow customers to save regularly with fixed installments.
- Regular savings plan
- Flexible installments
- Interest calculation
- Maturity options
- Early withdrawal
- Auto-debit
Loan Accounts
Loan Accounts
Loan accounts manage various types of credit facilities for customers.
- Personal loans
- Business loans
- Mortgage loans
- Auto loans
- Education loans
- EMI management
- Interest calculation
Account Operations
Account Operations
Transaction Types
Transaction Types
All transactions are subject to account limits and security controls.
Balance Management
Balance Management
- Real-time balance updates
- Available balance calculation
- Ledger balance tracking
- Balance alerts
- Minimum balance monitoring
Interest Management
Interest Management
- Interest calculation
- Interest posting
- Interest rate management
- Interest tax handling
- Interest statements
Security & Controls
Security & Controls
Access Controls
Access Controls
- Multi-factor authentication
- Role-based access
- Transaction limits
- IP restrictions
- Device management
Fraud Prevention
Fraud Prevention
- Transaction monitoring
- Suspicious activity detection
- Risk scoring
- Account freezing
- Fraud alerts
Compliance
Compliance
- KYC verification
- Transaction limits
- Reporting requirements
- Audit trails
- Regulatory compliance
Fintech Integration
Fintech Integration
API Integration
API Integration
- RESTful APIs
- WebSocket support
- Batch processing
- Real-time updates
Wallet Features
Wallet Features
- P2P transfers
- QR payments
- Bill payments
- Merchant payments
- Cash management
Value Services
Value Services
- Mobile top-up
- Utility payments
- Insurance products
- Investment products
- Loyalty programs