Introduction to Prolender Interface

In Canadian model bank, the bank needs an interface to interact between the Temenos Transact banking system and the prolender system. There will be exchange of data between the prolender system and Temenos Transact. Prolender system will request data at various points as request and are provided by the Temenos Transact system in real time.

Activity generated from prolender needs to be loaded in to Temenos Transact as data, to be tracked with the Temenos Transact id of the real user that is entering the data. I.e. If a load is set up in Temenos Transact through prolender the audit information must have a real user e.g. Sue Logan rather than an “interface user” recorded in the audit information.

Temenos Transact has standard lending functionality that it offers through a range of its products i.e. arrangement architecture, loans and deposits etc. These modules offer banks and financial institutions to perform their lending operations i.e. opening of new loans, disbursement, tracking repayments, recording deferred loans through past dues etc. All the various types of loans, credit lines etc. can be configured/ defined in the system and are fully integrated from the point of opening of new-loan in the system to the point of maturity (or) write-off (as the case maybe).

However there is no standard functionality available in Temenos Transact for interacting with prolender for loan creation, disbursement, member query.

Temenos Transact’s AA, as part of its loan and mortgage processing stores the following details.

• The scheduled monthly payment of the loan
• The credit limit
• The original principal of the loan.
• The past due amount of the loan.
• The loan start and closure dates.
• The actual payment amount received (might include principal, interest and any charges)

Prolender Interface of CAMB supports the following:

Customer creation or update:

• Customer search.
• Asset download.
• Liabilities download.
• Loan creation.
• Loan disbursement.
• Loan payoff.