Integration

This topic explains the integration changes of this release.

  1. Integrations (Internal)
    • OBDX integration for Small and Medium Business Savings Account and Current Accounts.

      Oracle Banking Origination has an ability to integrate self-service channel for small and medium business type of customer for the Saving and Current Accounts product. The necessary API integration are structured in order to consume them by OBDX.

    • Integration with OBA for Current Account and Savings Account -Individuals and Small and Medium Business
      • Origination for Current Account with or without overdraft for SMB type of Customers is now supported. Origination for Savings Account for SMB is also supported. Accounts is created and stored in Oracle Banking Accounts product processor.
      • The origination flow supports both Secured (other than Term Deposit) & Unsecured overdraft limit origination flows.
      • All other existing origination workflows for SMB Current Account with or without overdraft is available.
    • Ability to integrate with OBA product processor.
      • Business Product – OBA host Product mapping validation of Interest and Charges details.
      • Business Product Preference UI refresh to accommodate fetch and display of Banking channel preferences as configured in OBA.
      • The Account approval submit stage will now include Customer Information details required to be stored at Account Level to be push through the transformation layer and consumption by the underlying product processor – OBA.
    • Integration with Oracle Banking Accounts for Term Deposits -Individuals.
    • Ability to integrate with Oracle Banking Account for Overdraft facility in Term Deposit
      • The feature covers the creation of an Overdraft against a given Term Deposit account in OBA and linking the Term deposit against collateral and lien marking.
      • All active Term Deposit Accounts of the customer in the Oracle Banking Account service are available for the request.
      • Oracle Banking Origination provides the linking to the Oracle Banking Account Term Deposit number in the Linkage Reference and update the Overdraft Amount as the Linked Amount.
      • Post the Overdraft Account creation, the lien marked as Amount Block on Term Deposit Account and is updated in Oracle Banking Accounts.
    • Integration with CFPM for Secured Overdrafts in Oracle Banking Accounts
      • The feature covers the collateral data capture and sending of request to Credit Facilities Process Management (CFPM) for onboarding of a collateral.
      • The Collateral ID received from CFPM are sent to Oracle Banking Account for storing the reference in the Customer Overdraft Account.
      • The Liability ID received from CFPM is sent to the transformation layer only. The data is consumed by any underlying product processor based on specific business requirements.
    • Integration with Oracle Banking Accounts for Secured Overdrafts.
    • Integration with OBPM for External Account Funding.
    • Ability to integrate with Oracle Banking Retail Lending Services.
  2. Integrations (External)
    • Ability to Integrate with Credit Bureaus (such as Equifax) for credit score using Bureau Integration Service.
    • Ability to integrate with Bureaus (such as Equifax) for Debit Check using Bureau Integration Service
    • DocuSign Integration for e-Signature.
    • Finicity Integration for Account Validation for the US market.

Parent topic: Release Enhancements