Oracle today introduced Oracle Financial Services Lending and Leasing Cloud, combining the power of Oracle's comprehensive, industry-leading lending and leasing solution with the simplicity, elasticity and security of Oracle Cloud and empowering lending institutions to grow and improve profitability of their core lending business.

Oracle Financial Services Lending and Leasing Cloud provides customers with complete consumer lending operations and lifecycle processing, from origination to servicing and collections delivering accurate, actionable information from a single data source to help lending institutions make faster and more-informed decisions about loans, reduce risk, effectively manage the loan lifecycle, and manage delinquencies and losses.

Lending institutions can provide faster and more consistent access to credit decisions and improved revenue generation and collection strategies, with a seamless customer experience all from a scalable, high-performing and secure cloud service.

The cloud service offers lending institutions complete support with IT operations, infrastructure administration with disaster recovery and application maintenance services on one extensible architecture platform, delivering unprecedented scalability, performance, and security while helping to reduce IT risk and complexity and lower total cost of ownership.

Oracle Financial Services Lending and Leasing Cloud supports out-of-the-box integration with standard cloud-based predictive dialers for improved collections functionality, helping financial institutions to improve user productivity in servicing and collections.

The cloud-based version also features a new highly intuitive interface that supports context-based account and customer sessions and streamlines navigation to help boost productivity.