ORACLE FLEXCUBE
Modern CBS solution using modular architecture has as its standard functionality the world's leading practices from the TOP banks from more than 155 countries.
- 26+ mlrddaily banking transactions are performed on
Oracle Flexcube - 10%of the population using banking services has accounts on the
Oracle Flexcube - 720+of banks in the world use Oracle Flexcube solution for business automation
- 155+countries use Oracle Flexcube solution adopted for local legislation
ORACLE SUCCESSFULLY DELIVERS AND SUPPORTS MODERN BANKING SOLUTIONS AROUND THE WORLD
BASIC ARCHITECTURE
The diagram shows the top-level set of ABS modules from Oracle and the localization solution we offer on the CIS market.
FULL FUNCTIONAL COVERAGE
The localization package includes all auxiliary modules required for the basic operation of the Bank's ABS.
TARGETED USE OF COMPONENTS
Each module performs a strictly defined function inherent in the standard implementation.
CONVENIENCE OF UPDATES AND DEVELOPMENT
Updating and customization of new products does not entail the need to adapt the accounting layer
ORACLE TECHNOLOGIES
All used modules are developed on the technologies of Oracle and Open Source products
FULL FUNCTIONAL COVERAGE
The localization package includes all auxiliary modules required for the basic operation of the Bank's ABS.
TARGETED USE OF COMPONENTS
Each module performs a strictly defined function inherent in the standard implementation.
CONVENIENCE OF UPDATES AND DEVELOPMENT
Updating and customization of new products does not entail the need to adapt the accounting layer
ORACLE TECHNOLOGIES
All used modules are developed on the technologies of Oracle and Open Source products
FUNCTIONALITY
ORACLE FLEXCUBE
ORACLE FLEXCUBE
The following is a description of the core business functionality,
supported by Oracle modules, as well as the features of the
of the partner localization solution.
Detailed technical description of the full list of modules
is available on a separate page.
supported by Oracle modules, as well as the features of the
of the partner localization solution.
Detailed technical description of the full list of modules
is available on a separate page.
CUSTOMER 360
Oracle's banking solutions support the Golden record of the customer. The various modules have screens called Customer 360 that show module-specific functionality as well as general customer data.
The customer record is stored in a single table structure and is synchronized between modules in the system.
You can also display data from external systems such as CRM, contact center, credit pipeline, marketing applications, etc. on this screen.
The customer record is stored in a single table structure and is synchronized between modules in the system.
You can also display data from external systems such as CRM, contact center, credit pipeline, marketing applications, etc. on this screen.
ACCOUNTS
Accounts can be created by back-office employees in the basic interface of the system, or by front-office employees in the Oracle Banking Branch module.
Demand and term deposit accounts are maintained in the system, as well as flexible setting of account maintenance fees is possible.
Modules in which it is possible to create accounts:
Demand and term deposit accounts are maintained in the system, as well as flexible setting of account maintenance fees is possible.
Modules in which it is possible to create accounts:
- Current Accounts and Savings Accounts
- Nostro Reconciliation
DEPOSITS
The module fully automates accounting, collateral tracking, processing and accounting of renewals, as well as tracking of unclaimed deposits. The functionality to create a deposit as collateral for a loan contract is available.
The Term Deposit module offers a modeling tool that can be used to simulate a deposit to improve sales and customer service efficiency.
Standard system functionality includes the ability to set up a dual currency deposit, which is a short-term, currency-linked deposit that allows the lender to receive a higher interest rate than a regular deposit.
The Term Deposit module offers a modeling tool that can be used to simulate a deposit to improve sales and customer service efficiency.
Standard system functionality includes the ability to set up a dual currency deposit, which is a short-term, currency-linked deposit that allows the lender to receive a higher interest rate than a regular deposit.
In return, the bank has the right to convert the deposit currency into the pegged currency at a predetermined conversion rate on the fixing date. The fixing date may be several (e.g. 2) business days before the end of the deposit term. Thus, at the end of the term, the depositor receives principal and interest either in the deposit currency or in the pegged currency, whichever is weaker.
LOANS
At the application stage, the credit is processed in the credit pipeline implemented on the OFLO module, Oracle FLEXCUBE captures and maintains the credit lifecycle parameters as the application moves to the account processing and contract opening stage.
The loan account thus created is reported to the bank's Asset GL. Payments debit the loan account and hence the loan with outstanding balances is in debit. Payments are credited to the loan account. At the end of full repayment, the account becomes zero-balanced and is closed.
The loan account thus created is reported to the bank's Asset GL. Payments debit the loan account and hence the loan with outstanding balances is in debit. Payments are credited to the loan account. At the end of full repayment, the account becomes zero-balanced and is closed.
Product categories are a logical grouping of certain products such as car loans, home loans, etc. Banks can create different products depending on the services they offer.
When a loan is given to a customer, the loan account is created under a specific product.
Thus, its characteristics will default to the product of the account. The loan account created in this way will be used to further service the loan, for example. The balance of the account will be the outstanding principal issued to the customer. Interest will be charged on this balance according to the established schedule and pricing. It is possible to flexibly customize the sequence of payment of different types of %, penalties and debt.
The stages of processing a loan contract include :
When a loan is given to a customer, the loan account is created under a specific product.
Thus, its characteristics will default to the product of the account. The loan account created in this way will be used to further service the loan, for example. The balance of the account will be the outstanding principal issued to the customer. Interest will be charged on this balance according to the established schedule and pricing. It is possible to flexibly customize the sequence of payment of different types of %, penalties and debt.
The stages of processing a loan contract include :
- Creation of loan account / accounts, in accordance with the country's chart of accounts
- Initiation of the loan and setting up the repayment schedule
- Schedule payments
- Management of collections and delinquencies, transfer to legal proceedings
- Processing loan status changes
- Making loan modifications
- Disbursements
TREASURY & TRADE FINANCE
Oracle Banking Treasury Management - is a comprehensive solution for effective management of treasury transactions in real time. The product features a pre-calculation calculator that accelerates and simplifies the operational flow of treasury transactions and provides end-to-end trading in a variety of trading instruments in FX, money markets, securities, derivatives and OTC products.
Oracle Banking Trade Finance provides an opportunity for complex processing of various trade finance instruments in the products "Documentary Letters of Credit" and "Documentary Collections". The solution allows to perform transactions with multiple legal entities, in multiple currencies and in multiple languages.
ISLAMIC BANKING
Oracle banking solutions fully support Islamic Banking activities in 80+ banks and in 35+ countries around the world.
Difference between Islamic banking and conventional banking
AAOIFI system certification was carried out in 2020 with about 300 test cases.
Difference between Islamic banking and conventional banking
AAOIFI system certification was carried out in 2020 with about 300 test cases.
ACCOUNTING LAYER AND LOCALIZATION
In the localization solution for countries with post-Soviet accounting (20-digit accounts) we use a separate accounting module developed for Russian banks and successfully used there now.
On the slides on the left you can see information about our solution for the Republic of Uzbekistan, implemented with our implementation partner E-ngineers, and supported by our local subsidiary EXXA Data.
On the slides on the left you can see information about our solution for the Republic of Uzbekistan, implemented with our implementation partner E-ngineers, and supported by our local subsidiary EXXA Data.
This architectural solution is due to the fact that in the Oracle Flexcube standard accounting is conducted on 4-digit GL accounts, in accordance with the product approach to accounting. In the CIS countries most of the accounting is currently based on entries and semi-entries, and the realization of this type of accounting is associated with deep revisions of the standard Oracle Flexcube.
The solution was chosen in order to preserve the maximum standard operation and performance of Oracle Flexcube and ease of system upgrades.
The solution was chosen in order to preserve the maximum standard operation and performance of Oracle Flexcube and ease of system upgrades.