Final answer:
The product connections link ancillary services to Loan object records. Loan object records are used in the banking industry to track and manage loans. Examples of ancillary services include insurance, loan protection, or credit monitoring.
Step-by-step explanation:
The product connections link ancillary services to Loan object records.
Loan object records are used in the banking industry to track and manage loans. Ancillary services are additional services that are related to the loan product but are not the primary loan itself. These could include services such as insurance, loan protection, or credit monitoring. By linking these ancillary services to the loan object records, banks are able to efficiently manage and provide these services to their customers.
For example, if a customer applies for a car loan, the bank may offer additional services such as car insurance or a vehicle warranty. These ancillary services can be linked to the car loan object records so that the bank can easily track and manage these services for the customer.