We’re excited to announce that the entire suite of Oracle Financial Services industry-leading Modern Risk and Finance applications is now validated on Oracle Cloud Infrastructure. Oracle Cloud Infrastructure is Oracle’s Generation 2 Cloud platform, designed to provide banks with security (FIPS 140-2 Security Level 3), reliability (disaster recovery and high availability), and powerful capabilities for large and complex deployments. Oracle Cloud Infrastructure also beats industry performance and pricing standards, offering about 50% lower total cost of ownership (TCO) compared to on-premises deployments, and a bring-your-own-license (BYOL) model for all database services. Banks can now run their mission-critical, high-volume, and high-performance core banking solutions on Oracle Cloud.

Oracle Modern Risk and Finance: A Comprehensive, Trusted Solution

Oracle’s suite of Modern Risk and Finance analytical applications is known for its capabilities to proactively manage compliance, risk, treasury, finance, and the front office. Over 300 institutions across the globe rely on Oracle for the stability of their financial systems, including 20 of the 28 global systemically important financial institutions (SIFIs). With more than 60 applications built on a common analytical infrastructure—including a unified data model, computations, and business rules—customers can meet emerging business and regulatory requirements with more agility.

These applications offer a unified platform that consists of a common data model that combines regulatory, compliance, risk, balance sheet management, and customer data to help customers focus on profitability. Insurance providers have relied on Oracle for implementation of new accounting standards such as IFRS17, IFRS9, LDTI, and CECL. A unified data model enables customers to rely on a single source for rich, actionable information and use it across their organization’s digital ecosystem to monetize more parts of the business, driving profitability without sacrificing compliance.

Oracle Modern Risk and Finance applications help you stay focused on your customers and growth amidst rapidly changing market dynamics.

Oracle Modern Risk and Finance on Oracle Cloud Infrastructure

Oracle Modern Risk and Finance on Oracle Cloud Infrastructure is a true game changer. Oracle Modern Risk and Finance customers benefit not only from rapid deployment (few weeks), but they can also employ exclusive Oracle Cloud products such as Exadata Cloud, Database RAC, and Autonomous Database, designed for unmatched performance, reliability, and autonomous operations. Banks can use Oracle Cloud’s global footprint and validated reference architectures to ensure data sovereignty, disaster recovery, and enhanced availability, improving the user experience tremendously.

Banks will realize an immediate positive impact on their EBITDA by transitioning to a lower-cost, consumption-based operating model. Customers can save money, even while scaling up infrastructure further than on-premises to handle greater business demand, and scaling down infrastructure during quieter periods.

Lastly, Oracle understands the importance of quality support and business continuity for enterprises. Having Oracle applications on Oracle Cloud Infrastructure ensures engineering alignment that’s crucial for quick diagnosis and resolution of all issues—hardware, application, and network—mitigating the risk of business interruptions.

Oracle Modern Risk and Finance Cloud Deployment Architecture

Although Modern Risk and Finance and Oracle Banking solutions can be customized based on a customer’s needs, a typical Modern Risk and Finance deployment consists of a centralized database layer with redundancy through cross-region or availability domain replication, and an application layer that consists of key Financial Services products such as Universal Banking, Payments, Lending, and Limits and Collateral Management.

Your Path to Cloud Flexibility, Security, and Economics

Oracle Cloud offers opportunity to streamline operations, improve performance, and reduce costs, which enables businesses to focus on winning their business every day. The ease of consumption, immediate improvement in EBITDA, a highly scalable and secure environment that meets stringent regulatory requirements, and single-vendor setup for applications and infrastructure will help companies immensely.

Existing Oracle Modern Risk and Finance customers should discuss their infrastructure plans and product road map with their Oracle representative to learn about their options for cloud migration. The entire migration process is light touch and takes only a few weeks, which enables customers to realize immediate cost and performance benefits. For detailed technical information about Oracle’s validated solution for Oracle Modern Risk and Finance on Oracle Cloud Infrastructure, visit our Architecture Center.