1. Release Notes
  2. Preface

Preface

Purpose

The purpose of this Release Notes is to highlight the various features in Oracle Banking Accounts Cloud Service.

Oracle Banking Accounts Cloud Service is built on a highly scalable, cloud native architecture capable of high concurrent transaction processing with enhanced controls and minimal risks. The offering enables banks to handle massive transactional volumes thereby providing the industry's highest TPS (Transaction per second) per CPU that scales linearly.

Oracle Banking Accounts Cloud Service allows for highly configurable process automation and workflow. Real-time insights, intuitive dashboards and simple enquiry screens facilitate tracking and maintaining a 360-degree view of the account operations.

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Audience

This guide is intended for the following audience:
  • Customers
  • Partners

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For information about Oracle's commitment to accessibility, visit the Oracle Accessibility Program website at http://www.oracle.com/pls/topic/lookup?ctx=acc&id=docacc.

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Oracle is fully committed to diversity and inclusion. Oracle respects and values having a diverse workforce that increases thought leadership and innovation. As part of our initiative to build a more inclusive culture that positively impacts our employees, customers, and partners, we are working to remove insensitive terms from our products and documentation. We are also mindful of the necessity to maintain compatibility with our customers' existing technologies and the need to ensure continuity of service as Oracle's offerings and industry standards evolve. Because of these technical constraints, our effort to remove insensitive terms is ongoing and will take time and external cooperation.

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Acronyms and Abbreviations

This abbreviations used in this guide are as follows:

Table - Abbreviations

Term Description
APY Annual Percentage Yield
BWHT Backup Withholding Tax
CD Certificate of Deposit
CIF Customer Identification File
EA External Accounting
ECA External Credit Approval
ELCM Enterprise Limits and Collateral Management
FDIC Federal Deposit Insurance Corporation
IDI Insured Depository Institutions
IRS Internal Revenue Service
KYC Know Your Customer
LCD Last Contact Date
LM Liquidity Management
MT940 Message Type 940 (SWIFT message that contains End Of Day (EOD) statement of an account)
RTL Real Time Liquidity
SWIFT Society for Worldwide Interbank Financial Telecommunications
TD Term Deposit
VAM Virtual Account Management

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Related Documents

For more information, refer to the following documents:
  • Account Configurations User Guide
  • Corporate Accounts User Guide
  • Nostro Reconciliation User Guide
  • Retail Accounts User Guide
  • Retail Deposits User Guide
  • Teller User Guide

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Conventions

The following text conventions are used in this document:

Convention Meaning

boldface

Boldface type indicates graphical user interface elements associated with an action, or terms defined in text or the glossary.

italic

Italic type indicates book titles, emphasis, or placeholder variables for which you supply particular values.

monospace

Monospace type indicates commands within a paragraph, URLs, code in examples, text that appears on the screen, or text that you enter.

Parent topic: Preface