40 banking services across 3 tiers with 300 functional requirements
12 loan types — 89 functional requirements — Core banking priority
Unsecured loans for personal needs — education, medical, travel, emergencies. Guarantor-backed with multi-level approval workflow.
Education financing linked to scholarship percentages and IJTS system. Multi-currency support (LKR, GBP, USD) with intake-based allocation.
Secured loans against property for home purchase, construction, or renovation. Up to 80% LTV with stage-wise disbursement.
Auto financing for new and used vehicles. Dealer-direct disbursement with comprehensive insurance requirement.
Working capital and expansion loans for SMEs. Supports revolving credit facilities and multiple collateral types.
Small-value loans for micro-entrepreneurs. Group lending with solidarity groups of 3-5 members and progressive lending.
Loans secured against gold jewelry. Daily gold price integration, vault storage tracking, and auction for unredeemed items.
Pre-approved credit line on accounts. Interest charged only on utilized amount using daily balance method.
Asset-based financing for vehicles, equipment, and machinery. Finance lease and operating lease with amortization schedules.
Invoice/receivables financing for businesses. 70-90% advance rate with branch-wise factoring fees.
Loans secured against member's own FD certificates. Up to 90% of FD value at FD rate + margin.
Short-term loans against movable assets. Pawn ticket generation, vault tracking, and auction for unredeemed items.
8 deposit types — 52 functional requirements
Interest-bearing savings accounts with tiered rates, joint account support, nominee registration, and dormancy rules.
Term deposits with guaranteed fixed rates. Auto-renewal, premature withdrawal, monthly interest payout, and WHT deduction.
Monthly fixed installment savings with compound interest. Auto-debit from linked savings account.
Transaction accounts with cheque book issuance, overdraft linkage, and daily/monthly statements.
Special accounts for minors with guardian management. Auto-converts to regular savings at age 18.
Higher-rate FDs for members aged 55+. Premium rate = regular FD rate + 0.5-1%.
Bulk deposits from organizations with negotiated rates and multiple authorized signatories.
Short-term deposits withdrawable on demand with tiered interest rates based on balance slabs.
9 transaction and payment services — 58 functional requirements
Real-time transfers between TEMCO accounts with scheduled/recurring support and beneficiary management.
Transfers to/from other banks via CBSL payment systems. CEFT (real-time) and SLIPS (batch) with SWIFT validation.
Recurring automatic transfers on predefined dates with frequency options and failure handling.
Auto-debit for loan repayments, utility bills, and recurring obligations with mandate management.
Online payment acceptance for merchants with API key management, webhooks, and PCI-DSS compliance.
Utility, telecom, insurance bill payments with biller directory and scheduled payments.
Scan-to-pay at merchants using LankaPay QR or proprietary QR with instant confirmation.
Cheque book issuance, inward/outward clearing, returns handling, and stop-cheque requests.
Bank-guaranteed payment instruments with DD issuance, tracking, and cancellation with refund.
5 JV services — 30 functional requirements
Multi-party accounts with shared ownership, signatory rules (any one/all/majority), and separate ledgers.
Automated P&L distribution among partners based on ownership percentages with configurable frequency.
Lending to joint ventures with shared liability — joint, several, or proportional.
Consolidated balance sheets, income statements, and partner-wise capital account statements.
Neutral holding of JV funds until conditions are met. Multi-party approval, partial releases, and dispute resolution.
6 investment services — 37 functional requirements
Equity investments on the Colombo Stock Exchange (CSE). Portfolio management, dividend tracking, and mark-to-market valuation.
T-bills, commercial paper, and repo agreements with yield-to-maturity calculations and maturity ladder reports.
Treasury bonds and sovereign bond investments with coupon tracking and secondary market trading.
Pooled investment products with daily NAV calculation, unit purchases/redemptions, and SIP support.
Managed portfolios for HNW clients with investment mandates, asset allocation, and performance reporting.
Corporate bonds and debentures with credit rating tracking, yield analysis, and secondary market trading.
34 requirements across performance, security, availability, scalability, compliance, and usability
EMI = P × r × (1+r)^n / ((1+r)^n - 1) Where: P = Principal, r = Monthly rate (annual/12), n = Number of installments
EMI = (P + (P × R × T)) / (T × 12) Where: P = Principal, R = Annual rate, T = Tenure in years
Interest = Σ (Daily Balance × Annual Rate / 365)
Maturity = P × (1 + r/n)^(n×t) Where: P = Principal, r = Annual rate, n = Compounding frequency, t = Tenure in years