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Interview multiple candidates
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Search for the right experience
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Ask for past work examples & results
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Vet candidates & ask for past references before hiring
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Once you hire them, give them access for all tools & resources for success
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We are going to introduce the Pricing Engine to act as one of the steps to continue the journey to decouple pieces of the monolithic core after the statement generation, customer master data, payment hub and unified front-end solutions.
Pricing is one of the principal parts of core banking from a business perspective. Coupled with an arrangement master and a product engine, there is not much else business is interested in from the core.
- On a high level, any new business product will have its separate pricing component. Once we decouple pricing, we may not even need to touch any of the other components to introduce a new business product.
- Fee calculation is often a time consuming part of end-of-day processing that is on the critical path. If we can speed it up and put it on a parallel path, the end-of-day cycle can become much more performant.
- Features:
- Fees/charges
- periodic
- business event based (transactional)
- Interest
- interest rate setting
- interest accrual calculation
- Fees/charges
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