Finastra Assessment Test

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A bank using a modern, composable Core Banking Solution decides to launch a new, specialized lending product for small businesses. Which of the following is a key advantage of their modern system compared to a traditional, monolithic one in this scenario?

The ability to re-use existing, independent lending components to assemble and launch the new product quickly. The necessity to rewrite the entire core system's code to accommodate the new product logic. The requirement to schedule a multi-day system-wide shutdown for deployment. The inability to integrate with external credit scoring agencies due to its closed architecture.

Correct Answer:

The ability to re-use existing, independent lending components to assemble and launch the new product quickly.

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