1 Introduction

Oracle Banking Collection is a new generation debt collections product. It is built grounds up on micro-services architecture with focus on UI, usability, innovation, ease of integration and high performance. The application supports complete collections lifecycle - from pre-delinquency to early, mid, and late collections with outcome-focused capabilities.

This document describes the details of the batch processes required as a part of Oracle Banking Collections processing along with the batch execution sequence.

Business Process flow

Following steps describe the activities flow:

1. Oracle Banking Collections receives delinquent accounts from different host systems.
2. Cases are created for their primary party and accounts are linked to the case.
3. Accounts are then classified under different segments and various strategies are applied to recover the overdue amount.
4. When payments are received on these accounts, account is moved out of collections based on pre-defined criteria.
5. Once all accounts of the party are moved out of collections, Oracle Banking Collections updates status of the case as closed.