AN END-TO-END LENDING SYSTEM
By mapping concepts to workflows, Oracle Financial Services Lending and Leasing creates an end-to-end solution—built on proven, configurable processes—for the complete consumer lending lifecycle including origination, servicing, collections and asset management. Predefined finance processes reflect global best practices that optimize the customer experience and grow your consumer lending business. A robust business rules engine can define rules for each business process adhering to the financial institution’s internal practices and policies, which improves workflow management, increases automation and manages risk.
With Oracle FLEXCUBE, banks can efficiently streamline, standardize or expand product lines, business lines and operations to rapidly respond to the evolving business requirements with its highly extensible UI, business logic, strong localization capabilities and one-click deployment.
Oracle FLEXCUBE’s pre-integrated Machine Learning adapter also helps banks drive back office automation and operational efficiency. Additionally, the platform helps better compliance with evolving regulations and standards with out-of-the-box capabilities especially in the Payments, Open Banking and the data privacy space.
ADDRESS THE NEEDS OF ALL STAKEHOLDERS IN THE CONSUMER LENDING LIFECYCLE
Oracle Financial Services Lending and Leasing solution addresses the needs of all components of the consumer lending lifecycle, so it empowers the financial institution to transform their business. It delivers enhanced user experience through solution enablement across channels, providing a single lifecycle processing, quick credit scoring and decisioning. It improves productivity of the staff by its superior operational control, ease of product modification for a quick product launch, automatic alerts and notification frameworks for pending items, and consistent real-time customer data across all access points. It keeps the management team informed through personalized views of the business, dedicated dashboards for performance insight and provides an efficient risk and compliance management tool.
ENHANCED USER EXPERIENCE THROUGH A RICH WORKFLOW BASED ORIGINATION
The Oracle Financial Services Lending and Leasing Origination module allows financial institutions to accept, process and decision credit applications in a paperless mode, with a single data entry process. The credit guidelines can be customized in the system to ensure compliance. The credit decisions can be made automatically or manually. All of these applications are controlled by a flexible workflow management system that can be configured to reflect the step in the company’s underwriting processes. As part of the origination process, Oracle Financial Services Lending and Leasing provides the lending institution the ability to configure and change the workflow, add pricing strategies, user responsibilities and administrative override parameters. Based on certain transaction events like status changes, actions can be triggered.
ROBUST SERVICING TO IMPROVE CUSTOMER SERVICE AND PERSONNEL PRODUCTIVITY
The Oracle Financial Services Lending and Leasing Servicing module allows the financial institution to manage all customer information in a centralized location to assure data integrity and to simplify the customer service and management processes. A unified customer record with a common relationship view across all financial products ensures that the entire relationship is always visible, thus allowing the financial institution to provide better customer service, quickly resolve queries and improve service personnel productivity.
STATE OF THE ART TECHNOLOGY TO BE EFFICIENT BY DESIGN
Oracle Financial Services Lending and Leasing has a state of the art, n-tier, service oriented architecture (SOA) with a browser-based user interface, a middle tier of business components and a back-end relational database. The solution uses RESTful web services that leads to faster processing and better operational efficiency. In addition, Oracle Financial Services Lending and Leasing brings together a robust technology platform and extensive experience in the financial services industry to provide your business with predefined processes that represent industry leading practices.”