1 Release Highlights

This topic list teh highlights of release enhancements.

The rationale for the product release of Oracle® Banking Origination Release 14.7.2.0.0 is to further enhance the origination features of the existing products supported such as Savings Accounts, Current Accounts, Term Deposits and Loans and help improve the competitiveness of our product in the market.

Following are the features included in the release along with forward porting of applicable fixes related to the incidences reported in previous versions and technical qualification to comply with approved Tech Stack.

Customer consent email preference, phone number & fax details capture.OBO has replaced ALTA theme to Redwood theme.

• Ability to perform an early KYC
• Identification of an account as a staff account
• Ability to add multiple addresses for an address type
• Ability to capture the account level address for Current and Saving Accounts
• Consolidation of Terms and Conditions and Consent and Preferences data segment
• Ability to capture the service member details for all the applicant roles
• Customer contribution applicability for personal loans is based on configuration
• Account Level Consent for joint lending applications
• Ability to capture co-signer role for lending products
• Simplified Process is introduced for Current and Savings Accounts
• Ability to integrate with CFPM to onboard a collateral for Secured Overdraft Accounts in the Oracle Banking Accounts
• Ability to integrate with Oracle Banking Account for Overdraft facility in Term Deposit

Localization Features

• Ability to capture marital status
• Financial Institution Data Match (FIDM) data retrieval for existing parties
• External Account Fund Transfer using Oracle Banking Payments Integration