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