
Smart contracts use developer-friendly code to build any financial product. Smart contracts give banks complete control over product logic, providing them with flexibility and power in the design and build of new innovative products and replicating their existing back book.
All financial product creation and changes are abstracted away from the platform via a configuration layer. Any financial product can be built and improved entirely by writing smart contracts – no code in the platform layer is modified, and banks have no reliance on us for product changes.
- The logic of a financial product in Vault Core is fully encapsulated, transparent, and described in smart contract code
- Smart contracts are written in developer-friendly code, enabling flexibility of design while exposing common functions via the Contracts API
- Financial logic is executed automatically at account lifecycle events or at specific times through functions called hooks
- Logic is driven by parameters, enabling the creation of highly configurable custom products
- Financial logic can be changed and updated instantly and on demand via API
Vault Core comes with a full array of financial products already built.
These include market-standard products such as current accounts, deposits, loans, mortgages, and credit cards. Vault Core supports Islamic banking and innovative products such as buy-now-pay-later, wallets, rewards, offset mortgages, and more. There are no product or feature limitations.
Vault Core is shipped with more than 200 base smart contracts in our extensive Product Library. These smart contracts are ready for launch and can easily be tailored to the bank's specific needs. More than 30 countries have their own Product Library, and new products are continuously added – either by us or through client requests.
- Interest-only loan
- Fixed-rate home loan
- Variable rate home loan
- Commercial property loan
- Home extension / renovation loan
- Bridging loan
- Secured overdraft
- Balance offset home loan
- Car loan
- Medical / practice finance
- Asset finance
- Personal loan
- Buy-now-pay-later
- Education loan
- Renovation loan
- Credit card
- Revolving line of credit
- Charge card
- SME loan
- Current account (including overdraft)
- SME / business bank account
- Savings account
- ISA / IRA account
- Student account
- Multi-currency account
- Time deposit
- Murabahah savings account
- Murabahah loan
- Wadiah savings account
- Wallet
- Crypto wallet