Reduce conduct risk

With all products in one place, prevent mis-selling and avoid potential fines by exerting greater control over the availability of products at the segment and channel level. Streamline regulatory reporting with a comprehensive audit log of all product changes.

Benefits

  • Enable business users to create and change product propositions themselves quickly and easily.

  • Reduce the cost of creating, changing and launching product propositions.

  • Accelerate time to market for creating, changing and launching product propositions.

  • Enable one consistent view of product information across all channels.

  • Enable your digital transformation program.

  • Get up and running quickly and reduce TCO with a rapid, out-of-the-box SaaS deployment on the cloud using Microsoft Azure.

A Tier-1 client centrally manages more than 385 retail banking products in Product Master.

Pre-integrated with key core banking providers

Externalize product definitions and attributes from DXC’s Hogan and FIS core banking systems to Product Master.

Features

  • A single centralized repository

    Externalize product information from core systems into Product Master — deposits, credit cards, lending, cash management, investments and more.

  • Reusable product attributes

    Leverage a reusable library of configurable product parameters and attributes.

  • Product eligibility

    Define suitable products by configuring product eligibility rules.

  • Product governance

    All product changes are managed and tracked through an authorized user workflow and a full historical audit log.

  • Product packages

    Combine products into pre-defined and dynamic packages, including both financial and non-financial products and services.

  • API integration

    Seamless integration with upstream and downstream systems, returning the right product to any channel and distributing product data to any product system via an API.

  • Audit log and workflow

    Robust tracking and governance, with changes and approvals by a set of authorized users automatically logged.

Learn more about how banks can leverage Product Master to reduce conduct risk and support a more nimble product strategy.

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