Product Modeller

For the sectors that evolve rapidly and with high competition, rapid product development is a key factor in business success. CoreFinans has a state of the art technology, so named Product Modeller that allows developing new banking products without any programming, only by means of configuration.

Product parameters and their allowable values are defined into the system by Product Modeller component. Values assigned to such parameters instruct the system to behave in predefined ways on many elements such as interest rate, fees and commissions, tax and maturity dates. It is sufficient to set the values of such parameters when defining a new product, therefore new products can be designed without any software development.

Certain “base products” have been predefined in the system in order to further facilitate defining other new products.