Mambu Banking Engine

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

Parent account or arrangement to group deposit accounts

What:

Currently it is not possible to create parent-child hierarchies at a deposit account level within Mambu.

We need the ability to create a parent account or arrangement which allows the customer to link multiple deposit accounts (sub accounts) to the parent so that sub account details (transactions and balances) can be consolidated / rolled up and viewed in the parent.

Why:

Often Corporate and SME Banking customers have multi-level account hierarchies which require financial information to be grouped and consolidated across their parent and sub accounts. Where the customer would offer foreign currency accounts, this also enables customers to group all foreign currency accounts in the one parent account/arrangement. For our customers who prefer using the Mambu UI as the primary servicing interface, the parent account would enable them to view aggregated account information as well as generate ad hoc statements at the parent level.

  • Yun Wang
  • Sep 23 2020
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