Family D · Running the organisation
MeshFin Product
Product design, pricing and governance
Products designed from the template with terms, fees and the target market determination tested against the conduct rules; pricing modelled and proposed within policy; and product performance watched for customers the product was never meant to reach.
MeshFin Product (MF-22), the service for product design, pricing and governance, is one of the twenty-four MeshFin services, in the "Running the organisation" family, which follows the BIAN Reference Data business area. It covers the BIAN service domains Product Design, Product Deployment, Product Directory, Discount Pricing, Special Pricing Conditions and Product Portfolio in whole or in part. Products designed from the template with terms, fees and the target market determination tested against the conduct rules; pricing modelled and proposed within policy; and product performance watched for customers the product was never meant to reach. It replaces product catalogue spreadsheets, pricing engine, target market determinations in documents and product reviews on a cycle. AI agents carry the work end to end; a named person takes every decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. It is core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech.
BIAN service domains this service covers
In the BIAN Reference Data business area of the Service Landscape 14.0, in whole or in part. Lay this over your own BIAN map to see what MeshFin Product covers and what stays. BIAN has not reviewed or endorsed MeshFin.
- Product Design
- Product Deployment
- Product Directory
- Discount Pricing
- Special Pricing Conditions
- Product Portfolio
What it replaces
- Product catalogue spreadsheets
- Pricing engine
- Target market determinations in documents
- Product reviews on a cycle
What it reacts to
- New product proposed
- Pricing or rate change
- Target market determination review due
- Product performance review
- Regulatory change affects a product
The agents that carry it
Design agent
Drafts the product from the template with the terms, fees and target market determination, and tests it against the conduct rules before it goes to the committee.
Pricing agent
Models and proposes pricing within the policy and prepares the rate-change notices for every affected customer.
Review agent
Monitors product performance and target-market outcomes and flags where a product is reaching the wrong customers.
Where a person decides
No decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation is taken by an agent alone. In MeshFin Product, these decisions are held for a named person, with the agent's evidence and recommendation attached.
| Decision | Who decides | Why a person |
|---|---|---|
| Product approval and material change | Product committee delegate | Conduct obligation |
| Pricing change | Pricing committee | Commits the institution |
Records it writes
Product record · Target market determination · Pricing decision · Product review
Before MeshFin: the baseline this service is measured against
Illustrative figures for a mid-sized institution on the systems the service replaces. Sample data, not a customer's. A live service reports what its agents are doing instead.
Products on sale
210
Determinations reviewed on time
77%
today
Rate-change notices
4 weeks
to prepare today
Wrong-market sales found
by complaint
today
Institutions: core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech. Universal and retail bank ● · Mutual and community bank ● · Non-bank lender and fintech ●.
Questions banks ask about MeshFin Product
- What does MeshFin Product do?
- MeshFin Product is the MeshFin service for product design, pricing and governance. Products designed from the template with terms, fees and the target market determination tested against the conduct rules; pricing modelled and proposed within policy; and product performance watched for customers the product was never meant to reach. It reacts to events such as new product proposed, pricing or rate change and target market determination review due, and writes product record, target market determination, pricing decision and product review as records.
- Which BIAN service domains does MeshFin Product cover?
- Product Design, Product Deployment, Product Directory, Discount Pricing, Special Pricing Conditions and Product Portfolio, in the BIAN Reference Data business area, in whole or in part. The mapping is to the published BIAN Service Landscape; BIAN has not reviewed or endorsed MeshFin.
- What systems does MeshFin Product replace?
- Product catalogue spreadsheets, Pricing engine, Target market determinations in documents and Product reviews on a cycle. Because the service runs on the MeshFin platform, the licence, integration and upgrade costs of those systems retire with them.
- What do the AI agents do in product design, pricing and governance?
- The design agent drafts the product from the template with the terms, fees and target market determination, and tests it against the conduct rules before it goes to the committee. The pricing agent models and proposes pricing within the policy and prepares the rate-change notices for every affected customer. The review agent monitors product performance and target-market outcomes and flags where a product is reaching the wrong customers.
- Which decisions does a person still take?
- Agents never take a decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. In MeshFin Product, a person decides product approval and material change (product committee delegate) and pricing change (pricing committee). The record shows who decided, why, on what evidence and under which delegation.