1.1 Release Highlights

This topic provides the information on the release highlights added to the product in this release.

Oracle Banking Virtual Account Management 14.8.0.0.0 offers a comprehensive standalone solution for virtual accounts management.

The scope of the current release Oracle Banking Virtual Account Management is to deliver the following enhancements:
  • Transaction Limit Restrictions – Amount based.
  • Maximum Balance Limit
  • Virtual Account Expiry
  • Account Description Change Restrictions
  • Remote Dealer Repository for dynamic virtual accounts (Virtual Identifiers) via API
  • Alerts for business events (Transactional & Account Maintenance)
  • Inter Entity Position Tracking
  • Virtual Identifier Transaction Inquiry
  • Integration with Oracle Banking Accounts
  • Enhancement of SWIFT and ISO Intraday statement functionality

Parent topic: Release Notes