Friday, February 17, 2023

What is loan rollover function?

Loan rollover is a financial process in which an existing loan is extended by rolling over its outstanding balance into a new loan with a new maturity date. This process is typically used when a borrower is unable to repay the outstanding balance of a loan when it is due.

In a loan rollover, the borrower agrees to pay the interest on the outstanding balance of the existing loan for an additional term, usually a month or a quarter. At the end of this term, the principal balance of the existing loan is rolled over into a new loan, along with any outstanding interest and fees. The borrower is then given a new term to repay the balance of the new loan.

The process of loan rollover is commonly used in short-term loans, such as payday loans or cash advances, where borrowers may not be able to pay off the full balance of the loan on the due date. However, loan rollover can also be used in long-term loans, such as mortgages or business loans.

While loan rollover can provide borrowers with additional time to repay their outstanding balance, it also comes with certain risks. One risk is that the borrower may end up paying more in interest and fees over time due to the extended term of the loan. Additionally, borrowers who rely on loan rollovers to manage their debt may find themselves in a cycle of debt that can be difficult to break.

Overall, loan rollover can be a helpful option for borrowers who need additional time to repay a loan, but it should be used with caution and careful consideration of the associated risks and costs. It is important for borrowers to fully understand the terms and conditions of their loan agreements, including any provisions related to loan rollover, before signing on the dotted line.


List of Temenos T24 certifications:

1. T24 Model Bank Technical Certification

2. T24 Model Bank Application Certification

3. T24 Integration Certification

4. T24 System Manager Certification

5. T24 Security Certification

6. T24 Business Intelligence Certification

7. T24 Reporting Certification

8. T24 Front Office Certification

9. T24 Back Office Certification

10. T24 Treasury Certification

11. T24 Islamic Banking Certification

12. T24 Fund Accounting Certification

13. T24 Payment Certification

14. T24 Trade Finance Certification

15. T24 Core Banking Technical Certification

Each certification covers a specific area of T24 Core Banking System and requires passing an exam. The exams are designed to test a candidate's knowledge and proficiency in the specific area covered by the certification. Some certifications require attending training courses before taking the exam. The exact requirements and availability of these certifications may vary depending on the region and country.

T24 Temenos Functional Consultant

responsible for understanding the business requirements of a financial institution and configuring T24 Core Banking System to meet those requirements. Here are some of the key responsibilities of a T24 Temenos Functional Consultant:

Business Analysis: T24 Temenos Functional Consultants analyze business requirements of a financial institution and determine how T24 Core Banking System can be configured to meet those requirements. They may also conduct gap analysis and provide recommendations on how to address gaps.

Configuration: T24 Temenos Functional Consultants configure T24 Core Banking System based on the business requirements of the financial institution. They may design workflows, business processes, and configure system settings to meet those requirements.

Customization: T24 Temenos Functional Consultants may also perform customization in T24 Core Banking System to meet specific business requirements that cannot be addressed through configuration alone. They may work with T24 Temenos Technical Consultants to design and develop custom solutions.

Testing: T24 Temenos Functional Consultants may also be responsible for testing the functionality of T24 Core Banking System after it has been configured or customized. They may design and execute test plans to validate that T24 is functioning as expected and that it meets the business requirements.

Training: T24 Temenos Functional Consultants may also provide training to end-users on how to use T24 Core Banking System effectively. They may develop training materials, conduct training sessions, and provide ongoing support to ensure that end-users are able to use T24 effectively.

Project Management: T24 Temenos Functional Consultants may also be involved in project management activities, such as defining project scope, timelines, and deliverables, and managing project risks and issues.

Overall, T24 Temenos Functional Consultants play a critical role in ensuring that T24 Core Banking System is configured to meet the business requirements of a financial institution, and that end-users are able to use T24 effectively to perform their daily tasks.


Becoming a T24 Temenos Technical Consultant

requires a combination of education, experience, and skills. Here are some general steps you can follow to become a T24 Temenos Technical Consultant:

Obtain a degree in computer science, information technology, or a related field - A strong educational background in computer science, software engineering, or a related field can provide a solid foundation for a career in T24 Temenos Technical Consulting.

Gain experience in software development - Experience in software development is essential for a career in T24 Temenos Technical Consulting. Look for opportunities to gain experience in programming languages like Java, C#, or SQL, as well as experience in database management, server administration, and network architecture.

Attend T24 Temenos Technical Consulting training - T24 Temenos offers training courses for technical consultants. These courses provide a comprehensive understanding of the T24 Core Banking System and cover topics such as system installation, configuration, customization, and troubleshooting.

Earn T24 Temenos certification - After completing T24 Temenos Technical Consulting training, you can take the T24 Temenos certification exam. This certification demonstrates your knowledge and proficiency in T24 Core Banking System and can make you more competitive in the job market.

Gain experience in T24 implementation - Look for opportunities to gain experience in T24 implementation by working on T24 projects or assisting T24 implementation teams. This will help you gain practical experience in T24 customization, configuration, and troubleshooting.

Build strong communication and problem-solving skills - Strong communication and problem-solving skills are essential for a career in T24 Temenos Technical Consulting. These skills will help you effectively communicate with clients and team members, identify and troubleshoot technical issues, and provide effective solutions.

Remember, becoming a T24 Temenos Technical Consultant takes time and effort. By following these steps, you can build the knowledge, skills, and experience needed to succeed in this career.


T24 Core Banking experts

There are various types of T24 Core Banking experts who specialize in different areas of the software. Here are some examples:

Technical Consultants: These experts are responsible for the installation, configuration, and maintenance of T24 Core Banking System. They have knowledge of database management, server administration, and network architecture, and can troubleshoot technical issues that arise.

Functional Consultants: These experts are responsible for understanding the business requirements of a financial institution and configuring T24 to meet those requirements. They have knowledge of banking operations, accounting principles, and financial regulations, and can design workflows and business processes within T24.

Integration Consultants: These experts are responsible for integrating T24 with other systems within a financial institution's technology stack. They have knowledge of middleware technologies, web services, and API management, and can design and implement integrations that allow T24 to communicate with other systems.

Testing Consultants: These experts are responsible for testing T24 to ensure that it is functioning as expected. They have knowledge of testing methodologies, test automation tools, and defect tracking systems, and can design and execute test plans to validate the functionality of T24.

Data Migration Consultants: These experts are responsible for migrating data from legacy systems to T24. They have knowledge of data mapping, ETL (Extract, Transform, Load) processes, and data validation techniques, and can design and execute data migration plans to ensure that data is transferred accurately and securely.

Each type of T24 Core Banking expert plays a crucial role in ensuring the successful implementation, maintenance, and operation of the software.


Wednesday, February 8, 2023

Basic https squid proxy configuration

# Basic proxy configuration
http_port 3128
cache_dir ufs /var/spool/squid 100 16 256

# SSL/TLS configuration
acl SSL_ports port 443
acl Safe_ports port 80
acl Safe_ports port 443
acl CONNECT method CONNECT
ssl_bump peek all
ssl_bump bump all

# Access control
http_access allow Safe_ports
http_access deny !Safe_ports
http_access allow CONNECT SSL_ports
http_access deny all

# Forward proxy configuration
forwarded_for delete
via off

# Disable caching of SSL/TLS content
no_cache deny SSL_ports

# iptables -t nat -A POSTROUTING -o eth0 -j SNAT --to-source <public_ip>

etho = outside interface connecting to internet


Developing an innovation framework for an Information Technology (IT) organization

1.Define the purpose of the innovation framework: Determine the goals and objectives of the framework, such as identifying areas for improvement, fostering a culture of innovation, or driving growth and competitiveness.

2.Assess the current state of innovation within the organization: Conduct surveys, focus groups, and other methods to gather information on the current level of innovation within the organization, including the strengths and weaknesses of current processes.

3.Identify key stakeholders: Determine who should be involved in the innovation framework development process, including employees, managers, executives, and external partners.

4.Define the criteria for innovation: Determine the criteria for evaluating innovative ideas, such as potential for impact, feasibility, and alignment with the organization's mission and values.

5.Establish a culture of innovation: Foster an environment that encourages and supports innovation, such as through employee training, recognition and rewards programs, and opportunities for collaboration and experimentation.

6.Create an innovation process: Develop a clear and structured process for ideation, evaluation, development, and implementation of new ideas, involving key stakeholders at each stage.

7.Provide resources and support: Ensure that the necessary resources and support are available to facilitate innovation, such as funding, technology, and expert advice.

8.Measure and evaluate the framework: Regularly measure and evaluate the effectiveness of the innovation framework, and make adjustments as needed to ensure continued improvement.

9.Continuously foster a culture of innovation: Encourage continuous improvement and experimentation by providing opportunities for employees to share their ideas, learn from each other, and test new approaches.

By following these steps, an IT organization can develop a robust innovation framework that supports the development of new ideas, drives growth and competitiveness, and helps create a culture of continuous improvement.

To cultivate an innovation culture in an organization, consider the following steps:

Leadership support: Leaders must demonstrate a commitment to innovation and create an environment that supports and encourages new ideas.

Encourage employee involvement: Empower employees to suggest and drive innovation by creating opportunities for them to share their ideas and take ownership of projects.

Foster collaboration: Encourage cross-functional teams to work together and share ideas to drive innovation.

Reward innovation: Recognize and reward employees who come up with innovative solutions to problems.

Encourage risk-taking: Encourage employees to take calculated risks and make decisions that drive innovation.

Provide resources: Provide resources such as training, time and budget to support employees in pursuing new ideas and projects.

Promote a continuous learning culture: Encourage employees to continuously learn new skills and explore new technologies to drive innovation.

Celebrate successes: Celebrate the successes of innovation initiatives to encourage continued efforts and foster a culture of innovation.