Under NDA
Oracle FLEXCUBE credit module modification
-
9 days it took to implement urgent changes
-
Central bank full regulatory compliance
-
Custom improvement of Oracle FLEXCUBE
Under NDA
Team composition
3 members
1 Oracle engineer
1 Oracle FLEXCUBE database consultant
1 project manager/business analyst
Client name
Under NDA
Expertise used
Duration
9 days
Services provided
Country
Under NDA
Industry
Due to the recent COVID-19 pandemic, central banks in various countries listed new directives for commercial banks. They related to credit/loan restructuring and payment schedules. The reason behind these changes is simple: a lot of people were fired, so they couldn’t repay their credits or mortgage loans on time.
To meet the central bank’s requirements, our client had to change the credit module of Oracle FLEXCUBE. The main issue was that the core banking systems aren’t intended for such changes. Any data/process modification can be considered fraudulent and illegal. Hence, we had to find out how to avoid data deviation between reporting and analytical subsystems.
Initially, we carefully analyzed the client’s change request. Thanks to close cooperation between analysts, developers, Oracle engineers, and FLEXCUBE consultants, the team implemented the change within a few weeks. We identified business gaps, upgraded the credit module, and provided sufficient testing: smoke, regression, and integration. As a result, our client received the software system compliant with new regulations.
Software solutions bringing business values
Under NDA
Team composition: 3 members
1 Oracle engineer; 1 Oracle FLEXCUBE database consultant; 1 project manager/business analyst
Client name:
Under NDA
Expertise used:
Duration:
9 days
Services provided:
Country:
Under NDA
Industry:
Due to the recent COVID-19 pandemic, central banks in various countries listed new directives for commercial banks. They related to credit/loan restructuring and payment schedules. The reason behind these changes is simple: a lot of people were fired, so they couldn’t repay their credits or mortgage loans on time.
To meet the central bank’s requirements, our client had to change the credit module of Oracle FLEXCUBE. The main issue was that the core banking systems aren’t intended for such changes. Any data/process modification can be considered fraudulent and illegal. Hence, we had to find out how to avoid data deviation between reporting and analytical subsystems.
Initially, we carefully analyzed the client’s change request. Thanks to close cooperation between analysts, developers, Oracle engineers, and FLEXCUBE consultants, the team implemented the change within a few weeks. We identified business gaps, upgraded the credit module, and provided sufficient testing: smoke, regression, and integration. As a result, our client received the software system compliant with new regulations.