1.

 Oracle Banking Platform (OBP) Solution Engineer Specialist Assessment

 1.       Suncorp Bank is an example of which progressive transformation strategy?

Answers
 1.      Originations led
 2.     Component led
 3.      Replace core
 4.     New brand

 2.    Suncorp Bank is an example of which solution play?

Answers
 1.      Customer-centric origination
 2.     Progressive Transformation
 3.      Enterprise Product Management

 3. Relationship Pricing is embedded within the product manufacturing component?

Answers
 1.TRUE
 2.FALSE

 4. Which of the following statements is not true with respect to the facts capability?
Incorrect

Answers
 1.Parameters based on which a Bank would like to determine its pricing structure are defined as
Facts
 2.2000+ pre-configured facts are shipped with the product
 3.600+ pre-configured facts are shipped with the product
 4.Facts can be extended by the bank

 5. The relationship pricing component is part of which layer of the Oracle Banking Platform functional
architecture?

Answers
 1.Oracle Banking Product Processors
 2.Oracle Banking Customer Centric Capabilities
 3.Oracle Banking Base Services
 4.Oracle Banking Channels

 6. The multi-Entity component is part of which layer of the Oracle Banking Platform functional
architecture?

Answers
 1.Oracle Banking Product Processors
 2.Oracle Banking Customer Centric Capabilities
 3.Oracle Banking Base Services
 4.Oracle Banking Channels

 7.       Keybank is an example of which progressive transformation strategy?

 Answers
 1.      Digital Experience led
 2.     Component led
 3.      Replace core
 4.     Origination led

 8. Suncorp’s Ignite Program spans which of the following initiatives?

Answers
 1.Rationalisation of business processes, products and systems
 2.Decommissioning of 12 legacy applications
 3.Enterprise Rick & Finance rollout for the Suncorp Group
 4.All of the above.

 9.       Which of the following statements represent a value proposition for Oracle Banking Platform
when positioned for Enterprise Origination?
Incorrect

Answers
 1.      End to end processes for customer centric originations that encompass marketing, needs
analysis, managing applications, structuring solution to executing offer to settlement and fulfillment
 2.     The deepest applications in the originations space that brings together in a pre-integrated
fashion the best of Oracle’s social marketing, sales and marketing, customer and bundled product
origination with the best underlying technology in terms of document management, security
infrastructure, business intelligence, workflow management and analytics
 3.      Rationalize the typical “patch-work quilt” of IT applications and vendors across the
origination/fulfillment space, reduce overall IT complexity and cost of technology ownership

 10.    Which of the following statements represent a product advantage for the Oracle Banking Platform
when positioned for Product Manufacturing & Catalog?
Incorrect

Answers
 1.      Controls proliferation of Products by decoupling of Pricing configurations, thereby providing
greater price flexibility without impacting the product definition
 2.     Supports Hierarchy of products resulting in grouping of homogeneous products and multi-
level Pricing
 3.      Product & Bundle information is available on demand and in a transparent manner to
internal users, auditors as well as regulators

 11.    Oracle Banking Platform Enterprise Origination capability supports which of the following product
types?

Answers
 1.      Deposit & Lending
 2.     Lending & Credit Card
 3.      Lending only
 4.     Deposit, Lending & Credit Card

 12.    Which of the following statements best describe how the Reference Process Model is leveraged
by the Oracle Banking Platform? Pick all that apply.

Answers
 1.      Supports Oracle’s Process led implementation methodology
  2.     Is used to drive Oracle Banking Platform software development
 3.      Is a 3rd party banking industry reference model leveraged by Oracle for software
development and implementation
 4.     Is a set of industrial strength business processes developed based on Oracle’s experience
with 500+ banking implementations across the globe

 13.       Keybank is an example of which solution play?

Answers
 1.      Customer-centric origination
 2.     Banking services
 3.      Enterprise Product Management

 14.       Suncorp Bank recently reported what benefits associated with its uptake of the Oracle Banking
Platform?
Incorrect

Answers
 1.      Reduced secured personal lending process by 20 minutes per application
 2.     Reduced secured personal lending process from 5-days to less than 20 minutes
 3.      Reduced unsecured personal lending process by 20 minutes per application
 4.     Reduced unsecured personal lending process from 5-days to less than 20 minutes

 15. The collections component is part of which layer of the Oracle Banking Platform functional
architecture?

Answers
 1.Oracle Banking Product Processors
 2.Oracle Banking Customer Centric Capabilities
 3.Oracle Banking Base Services
 4.Oracle Banking Channels

 16.       A prospective customer for the banking services solution play might exhibit which of the
following characteristics?

Answers
 1.      Banks struggle to deliver consistent and meaningful information and services to their
customers and bank employees
 2.     Data and business services are often “siloed” by channel, product, or line-of-business
 3.      Delivering “channel aware” business services

 17. A Price Policy Chart is made up of which pricing elements

Answers
 1.Facts
 2.Events
 3.Price Definition

 18. The origination component is part of which layer of the Oracle Banking Platform functional
architecture?

Answers
  1.Oracle Banking Product Processors
 2.Oracle Banking Customer Centric Capabilities
 3.Oracle Banking Base Services
 4.Oracle Banking Channels

 19.       How many reference process models today underpin the Oracle Banking Platform?

Answers
 1.      286
 2.     53
 3.      353
 4.     198

 20. What manageability features are parts of the Oracle Banking Platform?

Answers
 1.Business Activity Monitoring
 2.Enterprise Manager instrumentation
 3.Virtualization
 4.Security and Identity Management

 21.       A prospective customer for a customer centric originations solution play might exhibit which of
the following characteristics?

Answers
 1.      Redundant work being done as same information related to customer is captured at
multiple points
 2.     Unable to lock the customer’s commitment for mortgages in a timely fashion
 3.      Origination processes aligned to product silos and don’t support multi-product origination
thus limiting cross-sales

 22. What extensibility options are available in the Oracle Banking Platform?

Incorrect

Answers
 1.Adding a field to a screen
 2.Adding a field to a database
 3.Modifying source code in a core module
 4.Creating a composite service

 23.       Oracle’s banking strategy decomposes it Banking Architecture into how many layers?

Answers
 1.      4
 2.     6
 3.      5
 4.     7

 24.    Which one the geographies listed below is not a target market for the Progressive Transformation
solution play?
 Answers
 1.      Australia & New Zealand
 2.     Malaysia
 3.      South Africa
 4.     Canada

 25. The limits & collateral component is part of which layer of the Oracle Banking Platform functional
architecture?

Answers
 1.Oracle Banking Product Processors
 2.Oracle Banking Customer Centric Capabilities
 3.Oracle Banking Base Services
 4.Oracle Banking Channels

 26.       Which of the following is not an example of a key theme driving investment into the Oracle
Banking Platform?

Answers
 1.      Digital enablement
 2.     Driving Simplification
 3.      Enabling comprehensive ‘bank in a box’ capabilities
 4.     Customer & Employee experience

 27.    Keybank is currently deploying the Oracle Banking Platform to solve what problem statement?

Answers
 1.      Simplification of business process and systems associated with lending origination
 2.     Replace aging legacy platforms with modernized deposit capabilities
 3.      Enable digital channels by unlocking capabilities from legacy core systems

 28.    Ubank is live on which components of the Oracle Banking Platform?

Answers
 1.      Retail deposit & mortgage origination over existing core systems?
 2.     End to end retail deposits
 3.      End to end retail mortgages
 4.     Retail deposit & mortgage origination

 29. Which of the following statement best describes the events capability?

Answers
 1.Any action of relevance can be defined as an Event
 2.Events are either financial or non financial in nature
 3.600+ pre-configured events are shipped with the product

 30. What is the preferred way to integrate with the Oracle Banking Platform?

Answers
 1.Direct database connection
 2.Socket interface
  3.Web Service
 4.MQ Series

 31. Bundles are defined within the product manufacturing component?

Answers
 1.TRUE
 2.FALSE

 32.    When positioning progressive transformation what are the potential benefits of the Oracle Banking
Platform?
Incorrect

Answers
 1.      Components of the platform can be deployed and integrated into a banks existing eco-
system
 2.     Multiple pathways for transformation are possible given the platforms component based
design
 3.      Components of the platform pre-integrate with other Oracle systems (applications &
technology) to enable a bank to leverage these investments

 33. How can you scale the Oracle Banking Platform?

Answers
 1.Horizontally - adding more servers
 2.Vertically - adding more computing capacity to a server
 3.Both horizontally and vertically
 4.You cannot scale the Oracle Banking Platform

 34.       At the end of Suncorp Bank banking transformation, what CTI benefit is the bank stating it will
achieve?

Answers
 1.Reduce the bank's cost-to-income ratio from 53 per cent to under 50% in the 2017 financial
year
 2.Reduce the bank's cost-to-income ratio from 53 per cent to under 50% in the 2018 financial
year
 3.Reduce the bank’s cost-to-income ratio from 60% to mid 50%’s
 4.Reduce the bank’s cost-to-income ratio by 10%

 35. Which of the following product classes are today supported by the Product Manufacturing
component?

Answers
 1.Current & Savings
 2.Loans
 3.Term Deposits
 4.Credit Cards
 5.All of the above

 36.       A prospective customer for an enterprise collections solution play might exhibit which of the
following characteristics?
 Answers
 1.      Investing in the right system to “move the needle” is critical in establishing an improvement
trajectory. Fractional improvements to loss rates for large consumer portfolios can result in a
recurring reduction of millions USD in credit losses.
 2.     Controlling or even reducing operational costs and improving agent productivity
 3.      The default management life-cycle covers many unique and often unrelated processes
resulting in a different technology solution for each. The integration between systems may not be
seamless causing loss of data, efficiency and even operational control. A single and holistic default
solution is the answer.

 37. Integration with Oracle Banking Platform is supported by which of these ?

Incorrect

Answers
 1.In real-time
 2.Via batch processing
 3.Using ETL tools
 4.Through web services

 38.    Which of the following characteristics are best associated with the product manufacturing
capability?

Answers
 1.      Consolidates pricing rules across all customer segments
 2.     Consolidates product definitions and associated rules & eligibility related to product offers
 3.      Supports the ability for a bank to rationalize and simplify product offers
 4.     Reduces the time taken for a bank to provide a conditional approval to the customer

 39.    Your prospective customer has recently invested in IBM’s customer MDM solution, Does the bank
need to implement OCH as a slave to IBM MDM to take advantage of Oracle Banking Platform enterprise
origination?

Answers
 1.      Yes
 2.     No

 40.    Suncorp Bank’s transformation program is referred to publically as?

Answers
 1.      NextGen
 2.     Ignite
 3.      Simplification
 4.     Initiate