Post by account_disabled on Dec 11, 2023 19:30:26 GMT -8
Examples of such solutions are our VSoft Credit and VSoft Rating products. In addition systems responsible for credit processes can connect with other systems to deepen the analysis or provide added value to the assessment e.g. through VSoft Connectors. Where is the central system in all this? Why did I call him that? What is it and what are its tasks? You will learn about all this in the article below. Terminology and scope of operation The central system is the main application together with modules that manages transactions portfolios customer data products security accounting and settlements in the Bank. Of course each bank may have a different dedicated solution tailored to the scale and scope of its operations.
However for further work let us assume that there is currently one application of this type that brings together all the knowledge about the customer and the Bank itself. It should be mentioned that this was not always the case. When I started working what was new was one central Email Marketing List system rather than distributed applications in each branchregion. Applications were powered by employees from documents and sometimes from Excel files. Working only with a keyboard two color screen stacks of paper and many employees to handle it.
There was no talk of any support from connectors. Data was entered only manually. However payments transfers revaluations accounting controls balance reconciliations customer data and consents were processed in accordance with adopted standards and signed contracts. Why is this important and why am I mentioning it? This is because data about customers contracts accounting balances etc. was transformed as a result of bank mergers portfolio takeovers and transferred from one central system to another. Some of them were closed some were changed in line with new guidelines but the scope and their logic remained the same.
However for further work let us assume that there is currently one application of this type that brings together all the knowledge about the customer and the Bank itself. It should be mentioned that this was not always the case. When I started working what was new was one central Email Marketing List system rather than distributed applications in each branchregion. Applications were powered by employees from documents and sometimes from Excel files. Working only with a keyboard two color screen stacks of paper and many employees to handle it.
There was no talk of any support from connectors. Data was entered only manually. However payments transfers revaluations accounting controls balance reconciliations customer data and consents were processed in accordance with adopted standards and signed contracts. Why is this important and why am I mentioning it? This is because data about customers contracts accounting balances etc. was transformed as a result of bank mergers portfolio takeovers and transferred from one central system to another. Some of them were closed some were changed in line with new guidelines but the scope and their logic remained the same.