Oracle Banking Originations
Oracle Financial Services provides solutions for retail banking, corporate banking, payments, analytics. With our comprehensive set of integrated digital and data platforms, banks are empowered to deliver next-generation financial services. We enable customer-centric transformation, support collaborative innovation, and drive efficiency.
What does your product solve?
Oracle's origination platform enables financial institutions to leverage trusted data and use it drive automation and digitization of small business lending without the need to “rip and replace” existing technology investments. The platform provides a single omni-channel process that spans application capture, underwriting, fulfilment through to booking. FI’s are able to reduce the time and cost to originate, significantly improve automation, mitigate risk and deliver and exceptional, differentiated customer and banker experience.
What makes your company or product great?
Oracle’s origination platform uses data-driven progressive decisioning to improve customer and relationship manager experience and drastically improve deal quality and time to yes. It uses data across the origination process to provide valuable insight while automating previously manual steps. With our solution, customers can track the progress of their credit application from decision to booking. Our solution increases banker facing time to drive cross-sell and improve revenue.
What is your best success story?
Our proven benchmarks include 90% “first time right” for credit applications, 40% improvements in end to end ‘turnaround times’, 70% auto-decisions, 80% reduction in documentation errors and Improvement “time to yes” from days to minutes.