1.1 Release Highlights

This topic provides the information on the release highlights added to the product in this release.

The following features are released as a part of Oracle Banking Retail Lending Servicing Cloud Service version Innovation 14.8.2.0.0.

• Loan Segments Supported
• Enhancements- Operations
• Inactive Account Creation
• Enhancements- Servicing
• United States Region - Market Regulatory Support
• United Kingdom Region - Market Regulatory Support

Retail Lending

• Generic Enhancements:
  • Staff Access Control functionality introduction
  • Excess amount changes
  • Backdated support
  • Rescission
• Introduced the following new screens:
  • Interest Rate Inquiry
  • Status Change Inquiry
  • Sanctioned Amount Revision
  • Manage Loan Securities
  • Account Preferences
  • Manage Parties
  • APR history
• Enhanced the following screens:
  • Manage SCRA/MLA Benefits
  • Loan 360
  • Account Statement
  • Transaction View and Reversal
  • Payment Preferences