FINS BIAN Position Keeping Process API

Examples of Use

Example of use: Any product fulfillment domain, current account, savings account, credit card, etc, delegates transaction posting/track to the Position Keeping service domain.

Role Definition

Maintain a log of financial transactions for management information, tracking and reconcillation purposes. It can offer utilities that enable it to maintain balances/positions, to calculate interest and to support transaction reconcillation activities The financial transactions are subsequently posted to the accounting systems.

Related Business Scenarios

Core Business Object

Key Features

• Configure the transaction log for recording services Post transactions
• Repair/update transactions Maintain positions as configured (includes limits and blocks)
• Provide simple accounting services (e.g. interest accruals)

• Provide transaction reporting and alert services

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Customers can use this integration template to accelerate implementation.