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 same bank accounts and external accounts in a designated microservices architecture. If any new account is opened in Infinity, then it will send a request to core banking system and create an entry for it. As soon as the new account entry is created in the core banking system, there will be an impact in the customer account details.

Customer account details are integrated with the Arrangement microservices using a sophisticated Integration framework. Whenever there are entries and new contract created in the core banking system, an event which is configured will pass the details to the Arrangement microservices on an asynchronous manner.

Arrangement microservices provide the following key functions:

• 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.