Description

Introduction

The Custom Workflow & Business Rules in Fiserv Velocity training helps developers and business analysts design, implement, and optimize custom workflows and business rules within the Velocity platform. Participants will learn to automate loan origination processes, enforce decision logic, and integrate external services to meet specific operational and regulatory requirements.

Prerequisites

• Completion of Fiserv Velocity Developer Fundamentals or equivalent experience

• Familiarity with workflow configuration concepts

• Understanding of business rules and decision logic

• Basic knowledge of Java/.NET programming

• Experience with relational databases and SQL

Table of Contents

1. Velocity Workflow Fundamentals

1.1 Workflow engine and architecture overview
1.2 Standard loan origination workflows
1.3 Extension points for custom workflows

2. Workflow Configuration Basics

2.1 Creating and modifying workflow templates
2.2 Assigning roles and task responsibilities
2.3 Conditional paths and branching logic

3. Implementing Business Rules

3.1 Designing business rules for loan origination
3.2 Rule-based decisioning logic
3.3 Validating and testing business rules

4. Advanced Workflow Customization

4.1 Adding custom fields and events
4.2 Incorporating scripts and plugins
4.3 Exception handling and alternate workflows

5. Integration with External Services

5.1 Connecting credit bureaus and scoring systems
5.2 Document verification and KYC integration
5.3 Core banking and payment system connections

6. Security & Compliance

6.1 Enforcing authentication and role-based access
6.2 Audit trails and regulatory compliance
6.3 Secure handling of sensitive data

7. Testing and Debugging

7.1 Unit testing and workflow simulation
7.2 End-to-end scenario testing
7.3 Troubleshooting workflow and rule issues

8. Performance Optimization

8.1 Streamlining workflow execution
8.2 Monitoring and resolving bottlenecks
8.3 Scaling workflows for high-volume processing

9. Deployment & Lifecycle Management

9.1 Packaging workflows and rules for deployment
9.2 Versioning and rollback strategies
9.3 Continuous improvement and monitoring

10. Hands-On Project

10.1 Designing a custom loan origination workflow
10.2 Implementing business rules for automated decisioning
10.3 Testing, deploying, and validating in a sandbox environment

This course enables participants to create efficient, automated workflows and enforce business rules in Velocity, streamlining loan origination processes and ensuring compliance. Developers and analysts will gain the skills to optimize operations while delivering accurate, secure, and scalable solutions.