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.

Thesignificant features of Oracle Banking Collections and Recovery 14.7.2.0.0 release are:

• SMS Alerts
• Letter Communication
• Active Account History
• Collector’s Dashboard

Note:

Oracle Banking Collections and Recovery is integrated with FLEXCUBE 14.7.0.0.0 (Retail Loan CL Module) and 14.7.2.0.0 (Islamic Finance CI Module) 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.

• SMS Alerts
  Oracle Banking Collections and Recovery facilitates to send SMS alerts to customers based on configuration.
• Letter Communication
  Oracle Banking Collections and Recovery facilitates to generate Letters, based on the configuration, which can be sent to customers.
• Active Account History
  Oracle Banking Collections and Recovery provides an option to view history of an active account from Case Summary Screen. This screen displays timeline view based on start and end dates of the cases. Next level details display the segments, which ran on the account for the case in context.
• Collector’s Dashboard
  Oracle Banking Collections and Recovery provides a comprehensive dashboard for Collectors. Collector’s Dashboard is created to bring more transparency and deeper insights for individual collectors. Collectors can view and monitor vital information through various widgets. Additionally the widget-based interface of the screen is customizable.