John Deeb, Rubicon Red CEO, speaks to ARN about a recent Oracle-based fintech project go-live for an Australian tier-1 financial insitution.
This significant project was aimed at transforming the lending fulfillment process and workflow for managing business banking lending for this organization. The financial institution was looking to improve on a number of its business metrics, including the time taken to approve loans. The new system means business banking customers can potentially get the green light on their loan approvals of up to three times faster.
“With 2000-5000 bankers and fulfilment staff interacting with the new system every day, the organisation anticipates significant cost savings and improved customer service, looking to cut loan approval times for business banking customers,” said John.
The end-to-end system was implemented using Oracle Business Process Management Suite 12c integrating with a number of key business systems using Oracle SOA Suite 12c running on Oracle Exalogic and Oracle Exadata.
Read the full article here.