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## 2.1 Introduction

‘Oracle Banking Electronic Data Exchange for Corporates’ is a comprehensive solution for orchestrating high volume transaction files across bank’s portal and product processors, once received by the financial institutions from their corporate clients.

Oracle Banking Electronic Data Exchange for Corporates not only provides data orchestration capabilities, it also provides the mechanism to send acknowledgments and responses to the corporates at various stages of the file processing. The detailed file enquiry feature of the product provides the file/record status, error encountered and the pending statuses of the file to the bank user.

Electronic Data Exchange comes pre-integrated with Oracle Digital Banking Experience (internet/channel banking product) and facilitates the approval of files on channel banking, if the corporate wishes to.

Oracle Banking Electronic Data Exchange for corporates is introduced to meet various challenges faced by financial institutions in the Corporate Banking segment in processing bulk data. The below diagram provides a synopsis of functionalities present in the system:

Figure 2-1 Synopsis of Functionalities Developed

Description of "Figure 2-1 Synopsis of Functionalities Developed "

Let us understand the Oracle Banking Electronic Data Exchange for Corporates and its features which are divided in the following sections:

- Dashboard
- Configuration
  - Transaction Maintenance
  - Format Maintenance
  - Format Definition
  - File Name Template Maintenance
  - Channel Maintenance
  - Corporate Preference
  - Integration Preferences
  - De-Dupe Rule Maintenance
  - Co-Relation Rule Maintenance
  - System Parameters Maintenance
- File Upload
- Multi Level ACK/NACK
- File Inquiry
- Banker Approval
- Exception Management

Parent topic: Oracle Banking Electronic Data Exchange for Corporates - Overview