Finastra Interview Questions, Process, and Tips

Cognitive Assessment with 40 questions

Q1. Campus strategy and relation and how to manage
Ans. 
Managing campus strategy and relations is crucial for successful recruitment.
• Develop a clear campus recruitment strategy that aligns with the company's goals and values.

• Build strong relationships with key stakeholders such as career services, professors, and student organizations.

• Attend career fairs and other campus events to connect with potential candidates and promote the company.

• Offer internships and other opportun...read more
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Q2. What roles did you play and how did you lead the team thatbyou handled
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Q1. Functional questions on the modules worked in CBS such as Accounts, Loans, Deposits, Limits, Collateral.
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Q2. How does a bank treat the Accounting Entries after the activities such as Principal Repayment, Interest Dues, Write-off, Past Dues and so on?
Ans. 
Banks treat accounting entries for activities like principal repayment, interest dues, write-off, past dues by recording them in their financial statements.
• Principal repayment is recorded as a decrease in the loan receivable account and a decrease in the cash account.

• Interest dues are recorded as an increase in the interest income account and an increase in the interest receivable account.

• Write-offs are recorded as a d...read more
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Q3. What is a revolving credit and non-revolving credit?
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Revolving credit allows you to borrow up to a certain limit and repay it in full or in part, while non-revolving credit is a one-time loan with a fixed repayment schedule.
• Revolving credit has a credit limit that can be used repeatedly, like a credit card.

• Non-revolving credit is a one-time loan with a fixed repayment schedule, like a car loan.

• Revolving credit allows flexibility in borrowing and repaying, while non-revol
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Q4. Questions on configuartion and parameterisation
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Q5. What are the steps involved in the initial stages of CBS implementation?
Ans. 
The initial stages of CBS implementation involve planning, analysis, design, development, testing, and deployment.
• Planning phase involves defining project scope, objectives, and requirements.

• Analysis phase includes assessing current systems and processes to identify areas for improvement.

• Design phase focuses on creating a blueprint for the new CBS system.

• Development phase involves building the system based on the desig...read more
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Q1. Detailed E2E implementation of CBS for Loans module
Ans. 
End-to-end implementation of CBS for Loans module
• Analyze current loan processes and requirements

• Design CBS system configuration for loan products

• Develop and test loan module functionalities

• Integrate CBS with existing systems for loan processing

• Train users on new CBS loan module

• Monitor and optimize CBS loan module performance
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Q1. Tell me about yourself
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Q2. Why do you want to join this organziation
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Q1. Jenkins, kuberntes,git, linux
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