For a Large India-based Non Banking Finance Corporation

Business Need:

Develop a customized Finance ERP Solution for access on the Web, Mobile, and over 550 worldwide Kiosk locations.
Both Banking Products and Core Banking such as Loans, Mortgage, Insurance and B2B cycles, to be a part of this Integrated Finance Solution.
Solution to facilitate end-to-end transactions seamlessly through various modules of the Finance Application and also be integrated with the Non-Finance Application
Solution to cater to geography-specific rules
A modular, scalable, and loosely coupled system
Capability to handle up to 1 million banking transactions a day

Solution:

Total solution is built around different Core banking and Finance modules using Oracle Fusion Middleware Stack
Modules include General Ledger, Account Payables, Account Receivables, Securitization, Loans, Banking Operations, Collections, Credit Operations, Insurance, Direct and Indirect Taxation
All modules interlinked for carrying out end-to-end transactions and also integrated with the Non-Finance Modules.
Oracle ADF and Oracle BPM and Oracle SOA for developing the application with workflows and integration of the application with other modules of non finance application.
Involvement of Senior Finance Consultants in to the project for requirement gathering and converting the requirements to the database and application design.

Key Highlights:

Real time integration between Finance and Non-Finance modules resulting in faster information availability to Customer.
High degree of failover protection for ensuring continuous availability.
Capability to handle up to 1 million banking transactions a day.

Key Products: