Modules & Services
Product Management
Comprehensive product management system for configuring and managing banking products including loans, deposits, and fixed assets with flexible parameters and rules.
The Product Management module is the foundation for creating and managing banking products, enabling financial institutions to configure and deploy various financial products with specific rules and parameters.
Overview
The Product Management module provides a comprehensive framework for creating and managing banking products. From loan products to deposit accounts and fixed assets, the system enables flexible product configuration with specific rules, parameters, and pricing structures.Loan Products
Loan Products
Loan products can be configured with specific parameters, rules, and pricing structures to meet various lending needs.
Product Parameters
- Loan types (Personal, Business, Mortgage)
- Interest rate types (Fixed, Variable, Hybrid)
- Repayment schedules
- Loan terms
- Collateral requirements
- Eligibility criteria
- Pricing rules
Loan Features
Loan products can be customized with specific features to meet different customer segments and business needs.
- Amortization methods
- Interest calculation
- Fee structure
- Early repayment rules
- Late payment handling
- Restructuring options
- Insurance requirements
Deposit Products
Deposit Products
Deposit products can be configured with specific interest rates, terms, and features to attract different customer segments.
Product Parameters
- Account types (Savings, Current, Fixed)
- Interest rate types
- Minimum balance
- Transaction limits
- Withdrawal rules
- Interest calculation
- Fee structure
Deposit Features
Deposit products must comply with regulatory requirements and customer protection rules.
- Interest payment frequency
- Early withdrawal penalties
- Account maintenance
- Transaction limits
- Statement generation
- Online access
- Mobile banking
Fixed Assets
Fixed Assets
Fixed asset products can be configured for various types of asset financing with specific terms and conditions.
Product Parameters
- Asset types
- Financing terms
- Depreciation methods
- Insurance requirements
- Maintenance schedules
- Disposal rules
- Valuation methods
Asset Features
Fixed asset products can be customized based on asset type and customer requirements.
- Asset tracking
- Depreciation calculation
- Maintenance scheduling
- Insurance management
- Disposal processing
- Reporting
- Analytics
Product Configuration
Product configuration involves setting up specific parameters, rules, and features for each product type.
Configuration Elements
- Product parameters
- Pricing rules
- Eligibility rules
- Processing rules
- Documentation requirements
- Regulatory compliance
- Reporting requirements
Product Lifecycle
- Product creation
- Parameter configuration
- Rule setup
- Testing and validation
- Product activation
- Monitoring and maintenance
- Product deactivation
Integration Points
The Product Management module integrates with:- Account Management
- Client Management
- Transaction Processing
- Risk Management
- Reporting Systems
- Marketing Systems
- Compliance Systems