SDK USE CASES Topic of the Month FusionBanking Loan IQ

Transcription

1 SDK USE CASES Topic of the Month FusionBanking Loan IQ Lorenzo Cerutti SAG Specialist Vishal Chandgude MSDC Principal Consultant January 2018 Finastra

2 WELCOME TO THE FINASTRA TOPIC OF THE MONTH! Format 45 min presentation by Finastra experts 15 min Questions and Answers Objectives Present product features and market requirements new / little known / under spotlight Share views and help us understanding client requirements Frequency Monthly within Finastra For Loan IQ 3-4 sessions per year Schedule in SAG section of Documentation Portal Invitations sent 2 weeks in advance to mailing list Open for topics suggestions (can use Survey) 31 January

3 WHY SDK? 31 January

4 WHY SDK? Limits of traditional funded development model If good for core, include in product roadmap If not, or urgent need, use SDK Extend Loan IQ capabilities in a controlled way 31 January

5 WHO? Bank staff Third party contracted by Bank Finastra Partners Finastra Finastra as funded development (runtime license). Not recommended - support implications. Standard Training course available 3 days Suggestion: mixed Bank/Finastra team First development: we do, client shadows Second development: done together Third development: client does, we shadow 31 January

6 WHAT? Scripted Wizards Controller Events Scripting Editor XPath / XQuery Internal Actions (Script) Scripted API Internal Actions (Java) User Defined Functions Internal and External Validation Event Management EMPush Scripted Batch User Defined G/L Entries User Defined Server Transactions Object Inspector Calculated Business Objects Shell Commands Object Model Browser Web Service Calls 31 January

7 EVENT MANAGEMENT TRIGGERS Allows to link an SDK-written script to a Loan IQ event. For example, add validation when a Loan Drawdown is sent to approval. Better approach than adding triggers to the database. 31 January

8 EVENT MANAGEMENT TRIGGERS Three types of actions Publish data to external system Realtime results of query processed on main Loan IQ server Near Realtime results of query processed on Remote Execution server Pre-fetched query executed before commit. Can halt upon error, or skip. Deferred - performed at end of day based on cumulated events (Balance) Perform custom validation Returns error code, message and type (E/W/I/S) Internal or External Perform custom processing, including update of Loan IQ objects Java or Script 31 January

9 SCRIPTING EDITOR Allows to create and maintain the scripts referred to in the Event Management triggers table. Many sample scripts provided out of the box (on top of those used by core features). 31 January

10 SDK USE CASES 31 January

11 USE CASE 1 EVENT MANAGEMENT USE CASES Requirements Validation -- Block user from creating principal payment greater than USD 1000 Internal Action -- Update a Facility MIS Code value on release of loan drawdown Publishing -- Publish Cashflow/Payments information to Enterprise payments system 31 January

12 USE CASE 2 CUSTOM INITIALIZATION & VALIDATION Requirements Limit the Pricing Options that can be created for a Deal based on the Processing Area that the User belongs to Change the default value of Initial Fraction Rate for selected Pricing option (from 1/8 to 1/4) Validation Initial Fraction Rate of 1/8 is not allowed for LIBOR Pricing Option 31 January

13 USE CASE 2 CUSTOM VALIDATION Overview of SDK Solution Used the Controller Events feature of SDK. This feature can be used to customize the Loan IQ notebook values by defaulting fields with specific values, limit the drop down values, make required fields read only etc. The Controller Events feature allows to invoke custom code on initialization of any Loan IQ notebook by exposing "postopeninitialization" method This feature can also be used to implement custom input data validation This feature allows to define custom code that gets executed before execution of core Loan IQ code on button click operation Controller Events feature provides hooks to call custom code in the form of "preactionfilter" method 31 January

14 USE CASE 3 CUSTOM BATCH PROCESS Requirement Release certain payments in advance during Loan IQ end of day batch Typically the cashflow/payment messages are released on release of Loan IQ transaction and certain payment methods like SWIFT, SEPA etc. take 2-3 days to clear Banks want to release the cash flows automatically a certain number of days prior to the transaction effective date 31 January

15 USE CASE 3 CUSTOM BATCH PROCESS Overview of SDK Solution SDK Scripted Batch feature used Scripted Batch can be developed either using Java or JavaScript Can be scheduled to run as part of Loan IQ Batch Net Batch process has full access to Loan IQ Business objects and internal processes. Involves creation of two components o Batch Query -- Inquiry API, RID List, Object List etc. o Batch Action -- Action to be performed on Loan IQ Objects Parameterized -- Ability to pass parameters similar to core Loan IQ batch processes 31 January

16 USE CASE 4 API EXTENSION Requirement When creating a Deal via API, some fields of the Past Due Pricing Option are not supported. 31 January

17 USE CASE 4 API EXTENSION Overview of SDK Solution Scripted API feature of SDK allows for extending the Core APIs or develop new APIs Scripted API can be developed either using Java or JavaScript Custom API process has full access to Loan IQ Business objects and internal processes Created Scripted API "CreateDealCustom" that extends the Core API "CreateDeal" Involves creation of o API declaration o Request and Response structure declaration o API Action to define business logic API can be tested using Scripting editor 31 January

18 WHAT OUR CUSTOMERS HAVE DEVELOPED WITH SDK Event-based accounting Avoid setting Ongoing Fee Payments to Needs Review following a scheduled commitment change Check borrower global limits on central limits system Validate MIS Codes and Additional Fields with an external data source Generate a principal payment based on collateral revaluation Update the User Profile settings in Loan IQ if the master user profile permissions change in central HR database Generate additional General Ledger entries for FX realised profit/loss on loan repayments 31 January

19 EXISTING REQUIREMENTS WHICH SDK COULD ADDRESS Interface to non-finastra Origination system or Borrower Portal (if core APIs need to be amended) Create customers in a new location (automate the creation of the location in the Locations table) Create a conversion fee when a drawdown is in a currency different from the facility currency Create GL entries for the commitment as soon as deal is approved before deal closure Copy SBLCs from one deal to another Create Deposit increase/decrease to reflect changes in exposure For PIK, merge notices for payment and repricing Create a commitment increase/decrease on a Facility based upon a commitment increase/decrease on another facility (from a different Deal) 31 January

20 WRAP-UP 31 January

21 SDK TECHNOLOGY KEY CONCEPTS 1 STANDARD PLATFORM Access to Loan IQ java class interfaces. Customisation can be in JAVA or Javascript. Standard Eclipse IDE normally used. 2 EXPOSED TECHNOLOGY Business objects and attributes. Event management framework. Extend existing Loan IQ application structures. 3 PREREQUISITES No extra hardware requirements. SDK license is required. Loan IQ version onwards. 31 January

22 BENEFITS Increased Automation Control And Validation Time To Market SDK Re-usability And Resources Extend Loan IQ Enterprise Integration 31 January

23 OTHER INFO SOURCES Appendix to this slide deck SDK Programming Guide In Technical tab of Documentation Portal SDK Training courses SDK Working Group Volunteers needed! 31 January

24 NEXT STEPS In one minute Questions and Answers Later today Send Presentation PDF and link to Survey Post Presentation PDF and Webex recording on Documentation Portal (Tutorial tab) Survey Rate this session Suggest topics for future TOM sessions State your organisation s interest in the features presented Anytime lorenzo.cerutti@finastra.com 31 January

25 QUESTIONS AND ANSWERS 31 January

26 Thank you Lorenzo Cerutti SAG Finastra LinkedIn Finastra YouTube 31 January 2018

27 SDK COMPONENTS Component, description, benefit Inquiry API Based on industry standard XQuery, Inquiry API allows the user to develop scripts for extracting business information from Loan IQ without needing direct database access. Avoid replication of Loan IQ application logic to extract information from Loan IQ Event Management Publishing Service This feature allows clients to develop custom interfaces in an SOA manner by subscribing to Loan IQ Activities and thereby having relevant information delivered to various target systems. Ability to publish data to external systems through standard industry communication channels 31 January

28 SDK COMPONENTS Component, description, benefit Internal (Java) Actions Using Java language, users can implement complex validations and the necessary object updates as part of business event trigger processing. Clients can use this feature to implement customized processing needed to institute their business process steps. Allows custom validation s and actions to support business process workflows User Defined Primitive Functions (UDF) Enhance capabilities of Inquiry API by implementing primitive functions, callable from your scripts, in Java. This opens up Inquiry API script capabilities to significantly more powerful capabilities that can be implemented in Java. Use Java language express ability to support the business process workflows 31 January

29 SDK COMPONENTS Component, description, benefit Custom Validations Ability to attach validations using Internal Validations to Loan IQ s existing business object save validation logic. Additionally, internal actions and validations are now foreshadowed to apply validations preemptively. Efficient custom validations to support business process Scripting Editor Development tool for Loan IQ Scripting and API testing Loan IQ Specific development tool 31 January

30 SDK COMPONENTS Component, description, benefit Scripted APIs Ability to augment an existing API or write a brand new API including deeply nested XML Structures. API action logic is supplied in JavaScript that benefits from full access to Loan IQ business objects. Reduce dependency on Finastra for supporting extension of existing API s and need of new API s Loan IQ shell Secure access to Loan IQ core object with the command line Ease of use for SDK development support team to execute Java script programs Calculated BO attributes / BO Extensions Ability to populate non persistent informational fields by using existing attributes in real time Custom calculated attributes in real time to support business process workflow 31 January

31 SDK COMPONENTS Component, description, benefit User Defined Server Transactions (UDTx) Ability is provided to call (from the Client) user supplied logic implemented in Java and running on the Loan IQ Server. This process flow leverages the same security and concurrency mechanisms from which all Loan IQ Server resident transactions benefit. Leverage Loan IQ Client Server architecture to communicate with external application Scripted Batch Using JavaScript customers can write a multi-threaded batch process having full access to Loan IQ business objects. Custom schedule batch programs to support business process 31 January

32 SDK COMPONENTS Component, description, benefit Controller events Execute custom business logic within a controller( notebooks and dialogues) Simplification of manual tasks Flexible search queries Ability to configure search filters for the existing searches in Loan IQ through scripts Find information by custom searches Deployment improvement and configurations Ability to move and compare system configurations across Loan IQ envs. Helps in rolling out upgrades and rollout of new enhancements 31 January

33 SDK COMPONENTS Component, description, benefit Wizard launch descriptor Ability to configure and launch wizards from Loan IQ notebooks and Navigator desktop as a menu option Streamline business process to reduce manual steps Scripted Navigator Ability to control and create the layout of the Navigator desktop across the system. Custom and tailored Navigator desktop across the system based on certain parameters Customize desktop experience of users and enhanced Loan IQ CSI (client side integration) 31 January