1 New Features

Oracle Banking Collections and Recovery is designed to assist financial institutions with managing the repayment of their consumer debt portfolios. The solution helps in accurate tracking and monitoring of delinquent accounts with high standards of efficiency.

The significant features of Oracle Banking Collections and Recovery 14.7.0.0.0 release are:

• Case Creation for Delinquent Accounts
• Rules Engine to Automate Decision Making
• Intelligent Segmentation and Task Workflow Management
• User Allocation and User Management
• Capture Customer Interactions
• Email Alerts
• Promise to Pay
• Task Management
• Case Management
• Business Configurations

Note:

Oracle Banking Collections and Recovery is integrated with FLEXCUBE 14.7.0.0.0 Release. The interface is file based and covers receiving new delinquent account data along with supporting entities, such as Party and Collateral information. Also, it covers the updates on these entities from FLEXCUBE.