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.