Every large bank has its own way of structuring its business. A global bank, for example, has a corporate headquarters with global regions, which are broken down into countries, within which are states that have cities where the branches are located.
To support a variety of complex organizational structures, Pismo's Corporate banking solution extends the Pismo platform by introducing a flexible, generic hierarchy that can accommodate any type of structure you need. A hierarchy is created under a single organization (Org) and is divided into levels. Levels are categories, such as Country or City. Each level contains divisions. For example, the City level might contain the divisions São Paulo, Rio de Janeiro, etc. So level is the primary element and may contain one or more divisions. Typically, levels are organized by geography. For example, beneath the Headquarters level, there might be levels for region > country > city > branch.
|Level 1: Region||Divisions in level 1: North America, Latin America; Europe, Middle East, Africa (EMEA)|
|Level 2: Country||Divisions in level 2: Brazil, Argentina|
|Level 3: City||Divisions in level 3: São Paulo, Rio de Janeiro, Buenos Ayres, Bariloche, etc.|
São Paulo and Rio are child divisions of Brazil. Buenos Aires and Bariloche are child divisions of Argentina.
The hierarchy as a whole has a unique ID, as does each level and division. These IDs are used when creating account families. Each level and division has an index (0, 1, 2, ...), with 0 representing the Headquarters level, and a description.
Updated 10 days ago