In order to increase productivity, reduce expenses, and update retail banking for a digital-first future, Oracle has developed new SaaS-powered lending and collection tools.

According to IDC's Financial Insights Global Survey (2024), 30% of retail banks worldwide are making the development of lending products and services a top priority in 2025. Oracle's new offerings, which use Software as a Service (SaaS) architecture, are designed to address this percentage rise through automation and enhanced business analytics. These advancements aim to save expenses and effort while assisting retail financial institutions in overcoming business obstacles and providing the market with better products.

In order to assist institutions in adapting and enhancing vital functions to satisfy the expectations and requirements of their company, Oracle wants to expand its range of modular retail banking cloud solutions. Oracle wants to use its new solutions to modernize loan processes in light of the growing popularity of consumer lending. These solutions can assist in reducing inefficiencies in the loan lifecycle process while improving client experiences and pricing.

As a scalable core product engine, the new retail lending service improves loan product administration. By providing real-time intelligence and supporting the automation of intricate business processes, the cloud solution enables organizations to provide new digital services and experiences that cater to their clients' changing demands. Through features like customized pricing, which permits loan portfolio development, and risk management capabilities for loan product servicing, the service also assists banks in becoming more profitable and competitive.

Simultaneously, the collection solution facilitates the full collection lifecycle and enhances the administration of procedures that deal with past-due borrowers and avoid loan account defaults. Automated procedures, flexible workflows, and new capabilities are enabling this. Additionally, financial institutions will be able to lower default rates, promote borrower-centric collection tactics, and enhance collection operations.

The new services may be made available in a matter of minutes by either running independently or integrating with current systems. Additionally, they provide automatic patching and shorter disaster-recovery switchover periods, both of which can save IT expenses.