LLaaS Servicing allows the financial institution to manage all customer information in a centralized location to assure data integrity and to simplify the customer service and management processes. A unified customer record always ensures that the entire relationship is always visible, allowing the institution to provide better customer service, resolve queries and improve service personnel productivity.
Supports a transaction authorization (Maker-Checker concept) for manual transactions only, such as monetary (except payments) and non-monetary transactions.
Maintain, track and monitor account insurance and collateral / asset information.
Perform changes on specific payments that have already been posted; perform payoff (or prepayment) quotes and maintain a history of all quotes provided.
Trigger events that will perform the associated actions when an account moves from one status or sub-status to another.
View the entire transaction / payment history of any account online in real time.