Product Management

Overview

timveroOS uses a two-layered product model: Credit Products define base lending parameters, and Additives create variations for different customer segments, collaterals or channels. The Offer Engine calculates personalized offers using pricing scripts.

Why This Matters

Lending products need both stability and flexibility:

• Stability: Core product structure (what a "Personal Loan" is) should remain consistent

• Flexibility: Pricing, eligibility, and terms for different segments should be adjustable

The two-tier model addresses this: Credit Products define the stable foundation, Additives enable segment-specific variations. Business teams can launch a new pricing tier or channel-specific offer by creating an Additive, without modifying the base product or requiring SDK changes.

Credit Products and Additives

Concept	Purpose
Credit Product	Base template defining loan type, amount ranges, term options, rate structures
Additive	Variation of a Credit Product with specific eligibility criteria, pricing, or requirements

Example:

Credit Product: "Personal Loan"
    ├── Additive: "Standard" (base rates, general eligibility)
    ├── Additive: "Premium" (lower rates, high credit score required)
    └── Additive: "Secured" (lower rates, collateral required)

Why two tiers? Products define what you offer. Additives let you segment pricing and eligibility without creating duplicate products.

Offer Engine

The Offer Engine calculates personalized offers based on participant data and product parameters.

Aspect	Description
Pricing Scripts	JavaScript or Python code that calculates offer terms
Inputs	Participant profile data (income, credit score) + Additive parameters
Outputs	Offer with amount range, term range, rate, fees

Note: Writing pricing scripts requires coding skills. Development team typically creates initial scripts; business analysts with scripting experience can adjust parameters.

Collateral

For secured products, timveroOS manages collateral requirements:

Aspect	Description
Asset Types	Categories of acceptable collateral (vehicle, real estate, equipment)
Valuation and Impact on the TnC	Asset value assessment linked to workflows. Loan-to-value (and similar) constraints applied during offer generation

Where to Configure

Aspect	Layer	Documentation
Product entity structure	SDK	Offer Engine
Credit Products and Additives	Admin Panel Setup	Product Architecture
Pricing scripts	Admin Panel Setup	Pricing Configuration
Collateral types and rules	Admin Panel Setup	Collateral Management
Product selection during application	Admin Panel OPS	Product Selection

Related Topics

• Lending Process — How products are used in origination

• Decision Automation — Workflows that determine eligibility

• System Entities — Application and Participant structures

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timveroOS: Flexible product configuration for diverse lending needs