Introduction to Akcelerant

It is assumed that the reader of this document is familiar with the navigation around Temenos Transact product and is familiar with the Temenos Transact AA Retail Account, FT and TT modules.

Collections extract is a daily banking process responsible for extracting all accounts (loans and deposits, retail or commercial) which belong to delinquent customers. The process runs as a part of COB and produces files before 6am daily. The files are later uploaded by Framework and are available for business users before 7am. The process extracts 2 files: Account file and Payment file.

• Account file contains a list of accounts for delinquent customers where there is a relation of any type between an account and a customer. The customer could be a primary owner, joint or a signer of an account.
• Payment file contains all financial transactions for extracted accounts which were posted in a banking system since the last payment file extract. This is a daily incremental file. For accounts extracted for the first time the payment file contains a list of all transactions posted during last 6 months.

Online Akcelerant report: The functionalities available in the Akcelerant development is summarised below:

• Ability to extract the accounts that have gone delinquent.
• Ability to setup the categories that need not be part of the extract.

The functionality is achieved by having the following set-up:

• Setup for exempt category.