Overview

This section gives a brief background and functional overview of Arrangement microservices.

In terms of any new contract created by banks, entries are created at core (Backend) system. Contracts can be Loan account, Deposit account, Current account and saving account. If any of the account is opened, then it gets impacted with customer account entries.

From Infinity UI, new account details are displayed in the customer dashboard. So that user (End user) can view the account details and avail the account services.

The objective of the Arrangement Microservices is to store the new same bank accounts and external accounts in a designated microservices architecture. Any new account opened in Infinity sends a request to Core banking system and creates an entry for it. As soon as the new account entry created in the core banking system, there is an impact in the customer account details. Customer account details integrated with the Arrangement Microservices using a sophisticated Integration framework. Whenever there is an entries and new contract created in the core banking system, an event which is configured passes the details to the Arrangement Microservices on an asynchronous manner.

To list a few features (included but not limited to) that are used in Arrangement Microservices are:

• Capture the contract details created by Customer
• Capture the payment schedule details for the contract
• Support both Real Time and Near time processing style
• Integrate with multiple systems for processing

Data Model

This section explains the various entities of Arrangement Microservice and their respective roles.