Mambu Banking Engine

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

Ability to calculate tiered interest by bands for credit interest on deposits

Currently, Mambu only offers calculating tiered credit interest by levels.

For example:

0-$1,000 -> 5%

$1,001 - $5,000 -> 10%

If the balance on the account is $1,500, interest is calculated as 10% of $1,500.

Banks often tier interest by bands to incentivise and manage deposit portfolios.

For example:

0-$1,000 -> 5%

$1,001 - $5,000 -> 10%

If the balance on the account is $1,500, interest is calculated as 5% on $1,000 and 10% on $500.

  • Sascha Dannroth
  • Oct 31 2018
  • Planned
  • Attach files