Core Banking & Ledger · Use case
Configure new deposit or lending products
Short answer
A product engine turns product design — interest, fees, limits, lifecycle — into configuration instead of code. The value is how far configuration goes before you need development, and how safely product changes can be tested and rolled out.
What this use case is
A product engine turns product design — interest, fees, limits, lifecycle — into configuration instead of code. The value is how far configuration goes before you need development, and how safely product changes can be tested and rolled out.
Who builds this
What your customer sees
- 1New products appear faster
- 2Clear interest and fee terms
- 3Consistent statements
How Core Banking & Ledger solves it
Product defined: type, interest, fees, limits
Product defined: type, interest, fees, limits
Rules configured and tested in a sandbox
Rules configured and tested in a sandbox
Product approved and released
Product approved and released
Accounts opened on the product
Accounts opened on the product
Interest and fees calculated on schedule
Interest and fees calculated on schedule
Changes versioned for existing and new customers
Changes versioned for existing and new customers
Want to have
- Configurable product types
- Interest and fee engines
- Lifecycle rules
- Versioning
- Testing environments
- Approval workflows
Optional
- Product templates
- Tiered and promotional rates
- Bundles
Design decisions
Flexibility
speed versus uniqueness.
What to put in your RFP
Products
- types
- rules
Engines
- interest
- fees
Governance
- versioning
- approvals
- testing
Commercials
- per product or account
How to evaluate providers for this use case
- 1Configurable depth
- 2Change governance
- 3Speed from design to launch in references
Pitfalls
- Assuming a product is configurable when it needs code
- Changing live products without versioning
What providers will ask you
- Product roadmap
- Customer volumes
- Approval processes
Other Finlane categories that cover parts of this
This use case is solved mainly with Core Banking & Ledger. These categories cover specific parts of it and can be tendered alongside it.
Frequently asked questions
Other Core Banking & Ledger use cases
Record every movement of money with immutable postings, sub-accounts and audit-ready balances.
Migrate off a legacy coreStand up a modern core alongside legacy and progressively migrate portfolios or product lines.
Support multi-entity, multi-currencyOperate ledgers across legal entities, currencies and jurisdictions from a single platform.