This features addresses the challenges experienced by lenders when the first instalment period is different to the scheduled repayment frequency as can sometimes occur (e.g. payroll loans and other personal lending products).

When optimised payments is enabled, a repayment schedule is generated that optimises for the minimum deviation in the last instalment required to pay off a loan. This ensures that any large difference in the final instalment amount is redistributed across all other instalments to create a more consistent repayment schedule.

Optimised payments helps lenders better serve the needs of their end users, expand their product offering, and reduce cost and time of orchestration when migrating products. In some cases, this feature also helps to ensure consistency with market practices and compliance with regulations.