The following are the key features of 202011. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Berlin Group Endpoints for Bulk Payments |
The PSD2 Payment Initiation Module (PX) has been enhanced to assist banks with Bulk Payment Initiation API endpoints according to the Berlin Group Standard v1.3.4. |
| CRS Corporate Customer |
The CRS module is enhanced to identify corporate customers reportable under CRS to support the automatic creation/updation of CRS supplementary information records for those corporate customers who were not flagged during on boarding and a reasonableness test for corporate customers to detect any data inconsistencies between the indicia detected and customer tax declaration. |
| FATCA Corporate Customer |
The FATCA module is enhanced to identify corporate customers reportable under FATCA to support the automatic creation/updation of FATCA supplementary information records for those corporate customers who were not flagged during on boarding and a reasonableness test for corporate customers to detect any data inconsistencies between the indicia detected and customer tax declaration. |
The following are the key features of 202010. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Excluding Customers from Customer Activity |
The enhanced Customer Activity framework now allows banks to exclude or remove certain types of customers from Customer Activity processing. This is enabled using a new parameter application, ST.REG.EXCLUDE.PARAM. |
The following are the key features of 202009. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Modification and Derecognition of Loans |
This functionality supports modification and derecognition accounting according to IFRS guidelines. This allows banks to comply with the appropriate accounting methods as per IFRS9 guidance whenever there is modification on the terms of financial instrument. |
The following are the key features of 202008. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Identification of Default of Obligors |
This functionality provides the logic to identify the default of obligors, which is a pre-requisite in applying the default contagion logic to assess the effect of default of one obligor on other related obligors, by leveraging the existing asset classification logic in the Provisioning module (PV). |
| Default Contagion | The Default Contagion functionality offers to assess the contagion effect of the default of an obligor on other related or grouped obligors. |
The following are the key features of 202007. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Creation and Maintenance of Obligor Objects |
The Obligor Objects (OX) module is designed to support the structural component of the regulatory requirements, of European Banking Association’s (EBA) and Banking Commission of Central Africa (COBAC), to provide the basis for assessing the contagion effect on default of one obligor on the other or grouped obligors. |
| Automated Consent Creation | Banks can now create an automated Customer Data Protection (CDP) consent, when on boarding a customer or blocking an existing consent of an inactive customer in an automated workflow. |
| Erasure of Customer Data at One Time | The erasure functionality is now enhanced to allow a ‘Complete’ method of erasing data, which allows the bank to erase the customer data at one time. |
| Erasure Process for Prospect Customers | This functionality enables banks to configure a default retention period for holding prospect customer’s data, based on their criteria and provides the ability to erase data accordingly, if a prospect makes a request. |
The following are the key features of 202006. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Updating the Risk Stage for Undrawn Commitments | Configuring the Risk Stage in the Consol key of contracts is now extended for undrawn commitment contracts such as undrawn Loans and Deposits, Arrangement Architecture, Facility (which is SL commitment), overdraft accounts (both Accounts and Retail Accounts) and Limit. |
| Rebuilding Customer Activity |
This functionality allows the user to rebuild the content for the Customer Activity applications if there is a change to any criteria or configuration that impacts Customer Activity. |
The following are the key features of 202005. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Consent Validations using Auto Complete | The Auto Complete field is introduced in the CDP.CONSENT Property to allow banks to configure whether the Consent Given values within the consent arrangement should be automatically updated after validation. |
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