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Instant Oracle BPM for Financial Services How-to by B. M. Madhusudhan Lyons

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Integrating with business partners (Advanced)

Loren Kelleher Bank is a fictitious bank that helps other commercial banks and financial services by providing loans at a lower rate of interest. James Bank has partnered with Loren Kelleher Bank to get loans at a lower rate of interest, and the same funds are disbursed to loan applicants at a higher rate of interest. The difference between the buying rate of interest and the lending rate of interest is what forms a major chunk of James Bank's profit margin. So, it has tied up with many such banks and financial institutions to find out who quotes the lowest rate of interest. Loren Kelleher Bank has a partner service made available on Oracle Service Bus (OSB) that allows banks such as James Bank and ...

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