Credit Products Launch
IMPROVED
The Problem
Often Financial Institutions have multiple Credit Products that are active in Production at the same time. And often numerous applications are being submitted and are sitting at different stages of their lifecycle for the same Credit Product. This can be a tricky task to schedule a change to the conditions for a Credit Product, while not affecting the existing applications, where offers have already been accepted by the Clients and are pending contract signature.
The Solution
We are happy to present you a straight forward approach of managing these complicated tasks. When an existing Credit Product is being edited, a new version will be created in Draft status, while the current version will remain active. Only when the time comes, the new version can be activated and become available for Clients in Production.
The How
SDK Perspective
Credit Product lifecycle is configured through the SDK. The SDK defines the versioning behavior and state management for Credit Products.
Admin Panel Perspective
After the Credit Product lifecycle is configured in the SDK, the system admin assigns permissions to relevant Roles to allow Users to Copy, Edit, Activate, and Disable Credit Products.
⚠️ Important: Starting from core version 8.0 you can no longer edit active Credit Products directly in the system. When you edit an active product, a new draft version is created automatically. Please carefully review the business user documentation to understand how new product versions are created and activated.
⚠️ Important: Each action (Copy, Edit, Activate, Disable) is managed by individual permissions. Ensure proper role configuration for users managing Credit Products.
Related Documentation
SDK
https://documentation.timvero.com/#core-concepts-2
Developer integration guide
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