1.1.1 Integration Scope in Oracle FLEXCUBE Universal Banking System

This topic explains the integration scope in Oracle FLEXCUBE Universal Banking System.

The following integration activities take place in Oracle FLEXCUBE Universal Banking.

Core Entities Module

Following activities take place in Core Entities (CE) module:

• Notify FCIS about the creation of a new investment customer and amendment of an existing investment customer.
• Handoff the details of investment customer creation and amendment as a reconciliation batch to FCIS.
• During investment customer closure, validate whether closure confirmation is received from FCIS.
• Create and modify the customer FATCA classification records based on the details received from FCIS.
• Notify FCIS about the customer FATCA classification creation and changes made in FCUBS.
• During 360-degree retail customer view, display the mutual fund details received from FCIS.

Current and Savings Account Module

Following activities take place in Current and Savings Account (CASA) module:

• While creating unit holder accounts, FCIS retrieves customer account details from FCUBS.
• When there is a transaction request from FCIS, the FCUBS system debits the customer account based on the availability of funds.
• Based on the requests received from FCIS, place, modify and release amount blocks in FCUBS.
• Post settlement accounting entries received from FCIS.

Accounting Module

Following activities take place in Accounting module:

• Online settlement of transaction amount.
• Post allocation settlement and GL extract.