100+ Finastra Interview Questions & Answers | Complete Prep Guide 2025

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Senior Business Consultant Interview Questions & Answers

Anonymous

posted on 10 Jul 2023

Interview experience

Excellent

Difficulty level

Moderate

Process Duration

Less than 2 weeks

Result

Selected

I applied via Approached by Company and was interviewed in Jan 2023. There were 2 interview rounds.

Round 1 - Technical

(5 Questions)

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...

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Q3. What is a revolving credit and non-revolving credit?

Ans.

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...

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Round 2 - Technical

(1 Question)

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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Skills evaluated in this interview

Senior Business Consultant Interview Questions asked at other Companies

Q1. How does a bank treat the Accounting Entries after the activities such as Principal Repayment, Interest Dues, Write-off, Past Dues and so on?

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Analyst Interview Questions & Answers

Anonymous

posted on 29 Nov 2024

Interview experience

Excellent

Difficulty level

Moderate

Process Duration

2-4 weeks

Result

I was interviewed in Oct 2024.

Round 1 - Technical