Mambu Banking Engine

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

1 Vote

Renungan Haria Injil Yohanes 6:60-69

Bacaan InjilYoh 6:60-69"Tuhan, kepada siapakah kami akan pergi?Perkataan-Mu adalah perkataan hidup yang kekal."Inilah Injil Yesus Kristus menurut Yohanes:Setelah Yesus menyelesaikan ajaran-Nya tentang roti hidup,banyak dari murid-murid-Nya berkata...

Created 1 Apr 07:27am by evan indo

Interest, Repayments, Mortgages

0
2 Vote

Possibility to define multiple repayment allocation order in the loan product

Currently we can only setup 1 loan repayment priority (among principal, interest, fee for the whole cycle of a loan account, and need external orchestration if we would like to change it in between.In practice, we should have this setup in product...

Created 1 Feb 04:37am by Gary Orendi

Interest, Repayments, Mortgages

0
1 Vote

New Payment Frequencies: Accelerated weekly, Accelerated bi-weekly

As a Mambu User/Admin, I can create a loan with accelerated weekly or accelerated bi-weekly instalments. Why? This is a common repayment frequency in Canada.More details: Accelerated payments is the equivalent of making one additional payment each...

Created 23 Feb 02:34am by Isabelle Gregoire

Interest, Repayments, Mortgages

0
1 Vote

Loan term shorter than amortization period

As a Mambu User/Admin, I can configure a mortgage loan that has a shorter term than the amortization period.Why? In the USA and in Canada, Loan terms will usually vary between 6 months and 5 years, while the amortization period can be up to 30 yea...

Created 23 Feb 02:25am by Isabelle Gregoire

Interest, Repayments, Mortgages

0
1 Vote

Adjustable-Rate Mortgage (from indexed to fixed)

Also called Convertible Mortgages.Why?In USA and Canadian market, it's a common practice to have mortgages loans with a fixed period of interest rate and after that to switch to variable interest rates and vice-versa.What?Allow switching from inde...

Created 17 Feb 04:49pm by Isabelle Gregoire

Interest, Repayments, Mortgages

0 Planned
1 Vote

Compounding Interest with multiple compounding period options

As a Mambu User/Admin, I can define the compounding period for a Loan product: daily, weekly, monthly, quarterly, semi-annual, annual compounding. I can define a compounding period that differs from instalment intervals, ex: personal loan with int...

Created 17 Feb 04:16pm by Isabelle Gregoire

Interest, Repayments, Mortgages

0
1 Vote

compounding interest with semi-annual compounding frequency

SUMMARY: As a Mambu User/Admin, I can create loans with a with semi-annual compounding frequency.WHAT: ability to have interest compounds every 6 months (twice a year).WHY: Regulatory requirement for Canadian Mortgages.

Created 17 Feb 03:42pm by Isabelle Gregoire

Interest, Repayments, Mortgages

0
4 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
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
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