Release Highlights

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

The scope of the current Oracle Financial Services Lending and Leasing release is to deliver the following enhancements:

Functional Enhancements

Support Multiple internal tax definitions and corresponding balances/transactions to handle the payments.
Reschedule transactions for Loan/Lease Amortized Methods.
Enhanced ACH auto-debit to include applicable tax amounts along with principal and interest when amount is set to zero.
Deprecated first payment deduction batch job and first bill for Lease Advance is posted by billing batch.
Enabled backdated Payoff Quote for lease accounts with validations, transaction reversals/reposting, and restrictions based on contract and accrual types.
Print Lease End of Term Options in Payoff Quote.
Enhanced custom package handling to pass original condition values instead of NO_CONDITION.
Considering closed conditions in fee assessment.
Introduced unique Transaction ID generation for customer payments using Sequence Number and Timestamp to eliminate duplicates in suspense payments.

API Enhancements

Technical Enhancements

OFSLL Qualified on Database 26ai.
Starting with version 15.0.0.0.0, C-based support has been discontinued. The existing C-based processing for TransUnion, Equifax, and Experian has been upgraded via a Java-based implementation.