Overview

Organisational Reference Data Microservices needs to provide an independent cloud-enabled solution for managing Organisation Structure's information that will then be used across the banking solution through dedicated configuration data. It contains all reference data describing the structure of Financial institutions.

Based on the data access interfaces planned, the NoSQL database model is chosen as the data model for managing Organisation Structure's information. NoSQL is the standard language for dealing with unstructured text. NoSQL can be used to insert, update, and retrieve database records. NoSQL databases are more scalable and provide superior performance.

Moreover, this distribution service of Organisation Structure MS is fully containerized and can be deployed independently irrespective of any back-office system of the Bank.

Purpose

An ORDMS Microservice is designed to provide a cloud-enabled independent solution for managing an Organizations Information.

This information is used throughout the banking solution through dedicated configuration data.

ORDMS Microservice is designed in a way that is used to describe the structure of any Financial Institution.

Shortly, it defines the structure and Hierarchy of Financial institution.

Functionality

To list the few capabilities that are available in ORDMS Microservice are:

• OrganisationUnitType
• OrganisationUnit
• FinancialInstitutionType
• FinancialInstitution
• Relationships