Loan Origination System
A system for application intake, data checks, credit assessment, rules/scorecards and approval workflow before a loan becomes active.
Read definition →GLOSSARY
Lending, Banking Technology & AI Glossary
Definitions connected to architecture and implementation context.
Loan Management System
The post-approval servicing system for accounts, schedules, interest, fees, payments, allocation and lifecycle events.
Read definition →Payment Allocation
Rules defining how an incoming payment is applied to fees, interest, principal or other components.
Read definition →Interest Engine
A calculation capability separating formula, day-count, rate source, rounding, calendars and calculation-triggering events.
Read definition →Operational Ledger
Account- or contract-level records of events and balances supporting servicing, reconciliation and accounting events.
Read definition →General Ledger
The enterprise accounting book receiving postings under the Chart of Accounts and accounting rules.
Read definition →Reconciliation
The process of comparing balances, counts and statuses across systems to identify and resolve differences.
Read definition →AI Gateway
A layer between applications and model services for authentication, policy, routing, logging, quotas and model abstraction.
Read definition →Retrieval-Augmented Generation (RAG)
An approach where a model uses retrieved knowledge at answer time, requiring source, access, metadata, citation and evaluation controls.
Read definition →Model Runtime
The serving layer for approved models, including inference endpoints, routing, versions and capacity.
Read definition →AI Evaluation
Measurement of AI quality and failure modes against the real task, such as accuracy, completeness, latency and review effort.
Read definition →AI Governance
Definition of ownership, risk, data boundary, approved models, access, evaluation, approval and audit evidence.
Read definition →Private AI
An approach to AI within organization-defined data, control and operating boundaries—not merely on-premises hosting.
Read definition →Document AI
Document processing that goes beyond OCR into classification, extraction, validation, cross-checking and human review.
Read definition →Rule Engine
A capability that separates business rules from workflow so rules can be governed and changed systematically.
Read definition →Workflow Engine
A capability for sequencing tasks, states, ownership, SLA and approval paths in a process.
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