Vault Core's Universal Product Engine offers unparalleled flexibility and control in the design and construction of new financial products through the use of smart contracts. It enables the creation of any product, from innovative offerings like multi-currency accounts and bundled products to replicating existing back-book products from legacy platforms. This facilitates the safe migration of customers to Vault Core without disrupting their current product set. Smart contracts, written in developer-friendly code, give banks complete control over product logic, offering flexibility in designing innovative products and replicating existing ones. All financial product creation and changes are abstracted via a configuration layer, allowing banks to build and improve products entirely through smart contracts without modifying the platform layer or relying on external changes. Vault Core comes with a comprehensive Product Library, including market-standard products like transaction accounts, savings, loans, mortgages, and credit cards, supporting Islamic banking and innovative products like buy-now-pay-later and offset mortgages. Banks can simulate product performance before launch, ensuring confidence in their behavior, and use the Product SDK to build, test, and manage their product portfolio efficiently. Vault Core's real-time Ledger provides complete control over data management, supporting banking complexity on a single platform instance and offering powerful real-time reporting capabilities. All functionality and data are exposed through standard APIs, enabling control, real-time access, and ease of integration. Vault Core is cloud-native and offers flexible deployment options, including SaaS and bank-hosted solutions on various cloud providers.

Features:

• Smart contracts: 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.
• Product Library: Vault Core comes with a full array of financial products already built. These include market-standard products such as transaction accounts, savings, loans, mortgages, and credit cards. Vault Core supports Islamic banking and innovative products such as buy-now-pay-later, wallets, offset mortgages, and more.
• Simulation: Banks can simulate the performance of any financial product before it is launched. Simulation allows banks to see the products' future performance over any period.
• Product SDK: Our simple and easy SDK allows banks to build, test and manage their product portfolio with an excellent developer experience. With this, banks can build, launch, and maintain products faster and at a lower cost than ever.
• Real-time Ledger: Vault Core's real-time Ledger gives banks complete control over data management. There is a strict separation between the configuration of smart contracts and the underlying Ledger. We have built Vault Core to support any bank and any product on a single ledger. All data is transmitted in and out of the Ledger in real time, providing rich data streaming for AI and reporting.