Mambu Banking Engine

Ideas aimed to improve the current experience provided by the Mambu Banking Engine.

1 Vote

Deposit / Advanced Rental

What: Ability to post a deposit or ‘advanced rental’ amount that reduces the base for effective interest rate calculation of the loan for fixed term loan product type.Why: It is common practise to allow deposits on asset finance products.

Created 11 Jan 08:56am by Gerard Loedolff

Interest, Repayments, Mortgages

0
1 Vote

Interest capitalisation for tranched loans

When interest is applied on a tranched loan, this interest should be added to the outstanding principle, so that going forward interest is accruing on this new, higher principle balance.

Created 18 Dec 07:20am by Corinna Heuer

Interest, Repayments, Mortgages

0
1 Vote

Interest calculated as percentage of loan amount

WhatAn interest calculation method using the total loan amount and a flat percentage, irrespective of the length of the loan. For instance:Loan amount: $1000Interest percentage: 30%Total interest: $300WhySome organisations do not use interest rate...

Created 20 Nov 03:00pm by James Anderson

Interest, Repayments, Mortgages

0
1 Vote

Apply future-dated repayments via loans API

Summary: As a loan provider, I need to process future-dated repayments via loans API, so that I can automate a manual process.What: It is possible to process future-dated repayments in the Mambu UI (see https://support.mambu.com/v1/docs/processing...

Created 21 Oct 01:09am by Kevin Boyle

Interest, Repayments, Mortgages

0
3 Vote

Configure "Late interest" with a different rate from "Regular interest"

What: A possibility to configure the "Late Interest" with a rate different from the “Regular interest”, and link it to a dedicated GL account. And allow to define constraints same as the regular interest rate. i.e. Interest accrued on the overdue...

Created 13 Apr 04:47pm by Alejandra Bennett

Interest, Repayments, Mortgages

0
6 Vote

Compounded Interest Accrual for Loans

What: Add a new Compounded interest accrual for loans at Product level. Interest in such loans is not capitalized, but calculated based on principal + accrued interest compounded to date. Why: Compounded interest for loans is commonplace in some m...

Created 17 Jun 06:58pm by Rodrigo Ocampo Uribe

Interest, Repayments, Mortgages

0 Planned
6 Vote

Manual/custom allocation of repayments by the Fee Name

What: A possibility to allocate repayments to specific fees charged on an account based on the Name of the Fee/ its Encoded Key (not only based on the fee type). For example, if 3 different fees are captured as a Manual Fee Type: legal fees, state...

Created 17 Jun 11:24am by Gerard Loedolff

Interest, Repayments, Mortgages

0
1 Vote

Maker-checker for Adjustment of loan repayment

What:A functionality to allow a 4-eyes-principle for manual Adjustment of a repayment on a loan account. One person should input the operation, a different person should authorize the operation. This shall primarily be available via UI, as the use...

Created 7 Oct 09:45am by Corinna Heuer

Interest, Repayments, Mortgages

0
1 Vote

Maker-checker for manual application and reduction of interest + adjustments

What:A functionality to allow a 4-eyes-principle for manual operations on interest on loan accounts, especially forInterest ApplicationInterest Applied AdjustmentInterest Due ReducedInterest Reduction AdjustmentOne person should input the operatio...

Created 7 Oct 09:14am by Corinna Heuer

Interest, Repayments, Mortgages

0
4 Vote

"Act/Act" days in years interest calculation for Loans

WhatThe introduction of the Act/Act day count convention for Loans ( Lending Engine only). This would mean that the actual number of days in the period divided by the number of days in the current year are used. For example:01.01.19 to 01.02.19 = ...

Created 11 Jul 11:33am by Tania Perroud

Interest, Repayments, Mortgages

0