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New Oracle Cloud Services Help Retail Financial Institutions Modernize Lending and Collections

  • Oracle introduced new cloud services, Oracle Banking Retail Lending Servicing Cloud Service and Oracle Banking Collections Cloud Service, to help retail financial institutions modernize their lending operations.
  • These services are part of the Oracle Banking Cloud Services retail banking portfolio, aiming to accelerate digital transformation and improve borrower experiences.
  • Oracle Banking Retail Lending Servicing Cloud Service optimizes loan product management and operations, while Oracle Banking Collections Cloud Service supports the complete collection lifecycle and management of delinquencies.
  • The cloud-native services enable financial institutions to modernize with less risk, automate processes, and deliver enhanced digital services to customers, all built on the security and scalability of Oracle Cloud Infrastructure.

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