Statements
see what’s new with our products
A Message From Our Team
Happy October! 🎃 Fall into our latest batch of updates designed to make managing your financial institution even smoother. This month, we're excited to highlight new features for the Banno Support app case queue, seamless browser-based key generation for developers, the launch of our new Origination Pilot & Beta Hub for lending and deposits, and so much more. Dive in below to see what's new!
Treasury Management Enhancements to Internal Loan Payments and Wire Statuses
There are a couple of new enhancements in the works for our Treasury customers' Internal Loan Payments experience and your Wire statuses.
Internal Loan Payments
We’re introducing a new institution-level and company-level configuration option designed to give Treasury banks greater flexibility in managing transfer limits for loan payments. Here’s what you can expect to change:
- When Disabled: Transfers designated as loan payments – including transfers to loan accounts and scheduled loan payments – will bypass transfer limit validation, while still ensuring the debit account does not go negative.
- When Enabled: Loan payments will continue to be validated against transfer limits using the current logic.
Note: Transfers to deposit accounts will always be validated against transfer limits, regardless of configuration.
New Wire Status: Pending Process
We’re adding a new wire status to make tracking easier! On the rare occasion that a wire fails due to a communication timeout, it will now show as Pending Process. Here’s what this means:
- New status visible in Wire Payment Activity Report, Mobile, and Channel Wire Activity
- Appears as a tile, flyout filter, and in audit activity
- Reflected in Back Office Wire Payment Report and Wire Reconciliation Report
Our teams are working on these enhancements now, and we will send SLAs announcing availability as soon as they’re ready!