This topic provides the information for Product Originations from the Product Catalogue and provides the guidance on the Task Framework and the related configuration for accessing the stages, during the Origination Lifecycle of the Products viz. Savings Account, Current Account, Term Deposit, Credit Cards and Retail Loans.

Introduction

Oracle Banking Origination is the mid office banking solution with comprehensive coverage of retail banking origination processes. It is a Host-Agnostic solution.

It enables banks to deliver improved user experience for various bank persons such as Sales Officers, Relationship Manager, Account Opening Officers, Branch Supervisor/Managers, Loan Officers, and Credit Officers and so on; handling defined functions in the life cycle of the various product origination.

The initiation request for a product is originated from the Product Catalogue functionality by the authorized Branch Users / Relationship Managers or by approved bank agents. Oracle Banking Origination allows single and multiple product origination and once the application is originated the life cycle of the respective product starts from the defined stage called Application Entry as per the Referenced Process work-flow.

This guide describes how the user can initiate the various product origination from Product Catalogue and once the product is originated how the bank user can pick the specific pre-defined stages referred as Tasks from the Task Framework to action on the same.

The details are described in the below sections:

• Product Catalogue
  This topic describes the information about the product suites for retail bank offerings.
• Application Initiation
  This topic describes the information about the various data segments to initiate the application.
• In-Principle Approval
  This topic describes the information about the request and approval of In-Principle Approval.
• Global Actions
  This topic provides the detailed on the actions that can be performed in all stages.
• Tasks
  This topic describes the information about the tasks and its framework.