1 Account Aggregation

This topic describes Account aggregation feature which allows retail users to link their external bank accounts to OBDX.

It provides the ability to view and access all savings, term deposits and loan accounts information, anytime, anywhere using a single digital platform. The benefit of account aggregation is that retail users gets a snapshot of all financial accounts while being able to easily retrieve account details such as, net balance available across all the current and savings accounts, recent transactions, and so on, in one place. Using this feature, the user can log on to the application to see all financial accounts, instead of logging in to several accounts to tally up a financial overview, which saves time and effort.

As a part of Account Aggregation module OBDX enables,

Administrative Maintenance:

To enable a retail user to access external bank accounts, and aggregate accounts with OBDX, the system administrator has to perform External Bank Maintenance.

For more information on administrative maintenance, refer External Bank Maintenance section of User Manual Oracle Banking Digital Experience Core.

Retail Customer Functions:

• Consolidated view of all accounts on an Aggregation dashboard
• Quick and easy payment from internal to external accounts
• Managing consents for linked external accounts