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Canopy Release Notes

New features and fixes will be reported here.
🧪
beta
Feature
CanopyOS
2 days ago
LoanLab now supports the ability to simulate the behavior of an account when strict payment is enabled.
The new setting can be found in the Advanced Details section of the Account Setup screen.
Strict payment turned on will limit min pay reduction to only payments. Refunds and debit offsets will not reduce min pay when off. This setting is often useful for consumer products at risk of refund fraud.
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🧪
beta
CanopyOS
Feature
2 days ago
You can now test autopay behavior on an account through LoanLab!
This feature is useful for answering questions such as:
  1. What is the exact date and time that autopay will trigger?
  1. How much will autopay trigger for in different scenarios?
  1. Will autopay trigger at all given other transaction events on the account?
Check out the demo:

🧪
beta
CanopyOS
Improvement
2 days ago
LoanLab now allows you to search for the product you’d like to use for your simulation account.
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v2.20230605
4 days ago
General improvements to deferred interest balances, amortizing payments, and forecasts.

CanopyOS
Fix
8 days ago
Previously, in LoanLab simulations, a bug with initial null values being coerced to false resulted in amortization schedules always appearing as if minimum payments due had not been met. Amortization schedules in LoanLab simulations should now correctly reflect payment activity on the simulated account.

CanopyOS
Improvement
16 days ago
Previously, CanopyOS did not provide insight into which payment was reversed. Now, once a reversal has processed, users will observe a reversed tag in the Transaction History list on the reversed payment.
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Improvement
API
16 days ago
Improvements to our how our API verifies authentication tokens—expect to see faster response times across the product.

Borrower Portal
Improvement
22 days ago
New account_status filter on Upcoming Payments list view is now applied to CSV download results as well.

Borrower Portal
Feature
22 days ago
Added a new filter for Upcoming Payments list view and backing API to enable filtering results by account_overview.account_status.

Borrower Portal
Fix
22 days ago
Previously, Upcoming Payments list view included payments for accounts in all statuses including CLOSED. This caused confusion as these payments are no longer expected to be made.
By default, this view now applies a filter that excludes accounts in CLOSED status. See new account_status filter for more details.
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Borrower Portal
Fix
22 days ago
Previously, if user paginated forward on the Upcoming Payments list view, and then applied a filter, pagination parameters were not cleared.
This resulted in unexpected UI state where user appeared to be on a page greater than 1, but usually observed an empty list.
Now, when applying filters, pagination is reset and user will observe first page of new result set correctly.

CanopyOS
Improvement
22 days ago
Previously detail statistics for revolving accounts included a redundant minimum due amount:
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Now, detail statistics for revolving accounts shows in its place the total interest, sourced from account.summary.interest_balance_cents:
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CanopyOS
Fix
22 days ago
Previously, min pay principal amount in statements for revolving accounts was being sourced from the incorrect attribute and thus would be appear as -. Now it is correctly sourced from min_pay_details.min_pay_revolving_principal_cents

CanopyOS
Fix
22 days ago
Previously, current interest rate in SCRA drawer was wrong in some scenarios. The current interest rate shown is now correctly sourced from from account.summary.interest_rate_percent.

beta
Feature
1 month ago

🧪
beta
2 months ago
While LoanLab continues to be in beta, we are continuously working to iterate and improve it.
A few enhancements and fixes we’ve recently released:
  1. Action Timeline Enhancements:
    1. Your Action Timeline view in LoanLab will now automatically expand the Cycle that has your last played Action.
    2. Fixes to improve the performance of Action playing.
  1. Welcome Page: We’ve enhanced the Welcome Page to give better clarity and instruction on how to use LoanLab
  1. Additional Recurring Fee Interval options.
  1. Additional transaction status options.
  1. A number of miscellaneous bug fixes.
Noticed a bug? Want to request a feature? Want to let us know you’re enjoying the tool? Tell us about it here →

🧪
beta
Product
2 months ago
INNOVATE. SIMULATE. OPERATE.
LoanLab is powerful loan simulation platform that empowers you to experiment, validate, and optimize your credit and lending programs with confidence. Simulate the entire lifecycle of a loan, test different policies and actions, and observe real-time effects.
LoanLab can be found in the CanopyOS menu of your UAT environment.
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🔄
Improvement
2 months ago
DataDirect has added a new Refresh History Table to assist you in identifying the date and time of the last refresh of a particular table. This will also let you know the exact time at which a tables’ data is representative of.

Improvement
2 months ago
A number of additional fields that were previously only available through our API are now also available through DataDirect as well. All available fields can be found in the DataDirect Getting Started Guide.

🥼
beta
Improvement
3 months ago
Past Due Assessments on Failed Payments
When a payment is initiated before a due date, but fails after the due date, all past due assessments can now be applied. This reduces fraud risk and guards against borrowers making a payment they know will fail in order to stay in the grace period, avoid fees, or avoid delinquency.

🎋
v1
Improvement
3 months ago
Canopy's webhooks that previously fired only in real-world time, can now fire in response to testing accounts using Controlled Processing.

🪁
v1
Improvement
3 months ago
You can now optionally configure installment loans to limit their interest generation to the loan duration.

🥎
beta
Feature
3 months ago
You can now safely modify the terms of a loan while preserving the history of loan activity. This supports a variety of use-cases depending on your loan agreement with your borrower. This allows you to enhance your lending programs to give borrowers more flexibility over their repayments, and adjust the structure of your loans to meet the changing needs of your borrowers.

Fix
4 months ago
We are happy to restore automatic hourly refreshes for DataDirect users who have experienced once-per-day refreshes for the last week.

🧮
v1
Feature
4 months ago
Canopy has added the capability to charge interest on installment products (loans) using the average daily ending balance of the loan. Interest is calculated by multiplying the daily periodic interest rate by the mean ending balance of the loan across all days in the cycle in question.

〰️
Feature
4 months ago
Fine-grained transaction details from Galileo authorizations & adjustments are now present in Canopy line_item metadata for users of the Canopy Galileo issuer-processor integration.

🪑
Improvement
4 months ago
Within the Canopy Lithic Integration, expired authorizations now sync Canopy line item statuses to VOID.

📤
Improvement
4 months ago
For users of the Canopy Lithic Integration, Canopy is now prepared for Lithic’s published breaking changes taking effect on February 8th, 2023. No action is needed on your part.

⛏️
Improvement
4 months ago
You should now expect improved performance when querying Line Item history for accounts, even if they have many line items.

👀
Improvement
4 months ago
Canopy has an allocation feature that may be applied to balance offsets to designate that the offset can be applied to a specific balance bucket (fees, interest, principal, or deferred interest). Previously, when applying an offset with an allocation, subsequently querying the offset did not let you know which balance bucket the offset was applied to. The allocation parameter is now included in the response, so you can see which balance bucket an offset was applied to!

🎫
beta
Feature
4 months ago
You can now react to changes in an account’s calculations — any activity that changes a computed value for an account will automatically get sent to your subscribed webhook URL.
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