Mambu Banking Engine

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

Option for Revolving credit to not accrue late interest

What: Add a setting for Revolving credit products which would not allow accounts to accrue or post late interest.

Why: Some organizations need to have no additional late interest on their accounts in arrears as in a Fixed product or need to manage late interest exclusively via penalties, while still having a Dynamic account behaviour when pre-payments are made, so interest should be recalculated and adjusted to actual payment dates in that case.

  • Szymon Kłapciński
  • Apr 22 2020
  • Shipped
  • Attach files