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Thought Paper
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Universal Banking Solution | Systems Integration | Consulting | Business Process Outsourcing
02
Thought Paper
Product
Demand
Deposit
Account
Personal Loans
Account Attributes
Customer Type
Individual
Account Type
Checking
Currency
US Dollar
Minimum Balance
USD 1000
Interest
0%
USD 10
Home Loans
Certificate
of Deposits
Demand
Deposit
Accounts
Thought Paper
03
Definition
Example
Business
Function
Create
A banking
Customer
transaction
activity that can (Non- Financial)
be classified as
Financial or
Non- Financial
Business
Processes
A group of
related
Business Rules
Business
Rules
Process
Component
Orchestration
The synergistic
association of
Business
Processes to
Business Rules
to accomplish
a Business
Function
Open account
Process
Component Orchestration
Business Process
Repository
Business Rules
Repository
Business
Functions
Repository
1. Open
account
2. In US dollar
currency
3. Minimum
deposit
amount USD
1000
4. Customer
who is an
individual
Constraint
KYC and AML
cleared
The customer
must be
existing and
approved
1. The customer
must be
existing
2. Eligible to
open US
dollar
account
Not
Applicable
Advantages
Scalability: Each of the repository components
has the potential to be expanded. New
repositories can be added and redundant ones
deleted. The process component orchestration
will ensure harmonious linkages.
Adaptability:
04
Thought Paper
Regulatory
Compliance:
Regulatory
compliance is a set of Business Rules. The
business rules can be added to business function
expanding the related Business Process. For
example, if a new regulation requires all new
checking accounts to be in US dollars only.
The business rule will have this constraint built
in to comply with the new regulation.
Conclusion
Technology is not a differentiator any more. Over
the last decade the story of technology
transformation in implementation of a core
banking solution has lost the sheen. The
technology transformation is a given benefit.
References
1. Global Crisis, Recession & Uneven Recovery
Y V Reddy Orient BlackSwan
2. K C Chakrabarty: Beyond Core Banking
Solutions (CBS) fast forward to Banking 2.0!
3. Bank 2.0: How Customer Behavior and
Technology Will Change the Future of
Financial Services by Brett King
Vishwanath Thanalapatti
Lead Product Manager, Infosys
Thought Paper
05
About Finacle
Finacle from Infosys partners with banks to transform process, product
and customer experience, arming them with accelerated innovation
that is key to building tomorrows bank.
For more information, contact Finacleweb@infosys.com
www.infosys.com/finacle
2012 Infosys Limited, Bangalore, India, Infosys believes the information in this publication is accurate as of its publication date; such information is subject to change without notice. Infosys
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