SOURCE: Oracle Corporation

Oracle Corporation

September 29, 2014 11:02 ET

Oracle Financial Services Lending and Leasing Cloud Service Offers Complete Lifecycle Processing for Asset-Based Lending and Leasing

New Cloud Service Delivers Improved Customer Service and Integrated Partner Channels; Enables Reduced Time to Market

BOSTON, MA and SAN FRANCISCO, CA--(Marketwired - Sep 29, 2014) - SIBOS and ORACLE OPENWORLD, SAN FRANCISCO -- Oracle (NYSE: ORCL)

News Summary
Asset-based lending institutions are challenged by changes in regulations and shifts in customer expectations. To keep pace, compete, and win the business, these institutions need instant access to a solution that enables a quick response and improves the accuracy of credit decisions. Oracle Financial Services Lending and Leasing Cloud answers this call with an easy-to-use solution for originations, servicing and collections that delivers performance and security from a scalable, high-performing single platform in the cloud.

News Facts

  • Oracle today introduced Oracle Financial Services Lending and Leasing Cloud, combining the power of Oracle's comprehensive, industry-leading lending and leasing solution with the simplicity, elasticity and security of Oracle Cloud and empowering lending institutions to grow and improve profitability of their core lending business.
  • Oracle Financial Services Lending and Leasing Cloud provides customers with complete consumer lending operations and lifecycle processing, from origination to servicing and collections -- delivering accurate, actionable information from a single data source to help lending institutions make faster and more-informed decisions about loans, reduce risk, effectively manage the loan lifecycle, and manage delinquencies and losses.
  • Lending institutions can provide faster and more consistent access to credit decisions and improved revenue generation and collection strategies, with a seamless customer experience -- all from a scalable, high-performing and secure cloud service.
  • The cloud service offers lending institutions complete support with IT operations, infrastructure administration with disaster recovery and application maintenance services on one extensible architecture platform, delivering unprecedented scalability, performance, and security while helping to reduce IT risk and complexity and lower total cost of ownership.
  • Oracle Financial Services Lending and Leasing Cloud supports out-of-the-box integration with standard cloud-based predictive dialers for improved collections functionality, helping financial institutions to improve user productivity in servicing and collections.
  • The cloud-based version also features a new highly intuitive interface that supports context-based account and customer sessions and streamlines navigation to help boost productivity.

Supporting Quotes
"With the Oracle Financial Service Lending and Leasing Cloud, asset-based lending institutions can focus entirely on building the book and reducing time to market. Leading consumer finance brands and in-house finance divisions can efficiently originate and service the business from customers and partners," said Sonny Singh, senior vice president and general manager, Oracle Financial Services.

Supporting Resources

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