Friday Jul 10, 2015

Oracle Featured in Oliver Wyman’s Report on Vended Stress Testing Systems

Vice President of Oracle Financial Services Analytical Applications (OFSAA), Ambreesh Khanna, reports on Oliver Wyman's report ‘Stress relief: Are vended systems the answer?’.  The leading global management consulting firm, reported on nine major providers of stress testing solutions. The report revealed delves further into what stress testing systems can deliver, and looks at the standard vended system capabilities against five process steps required to complete a stress test. 

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Thursday Jul 09, 2015

Eliminate the Vulnerability in Model Risk Management in Banking

To adequately reduce risks inherent in bank models, a comprehensive and sustainable model risk management program should take into account a number of critical components. Join Garima, Senior Sales Consultant for Oracle Financial Services Analytical Applications, as she walks us through these components.

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Wednesday Jun 24, 2015

Canary in the Coal Mine : What Customer Tweets to the Top US Banks Reveal

Most surveys show that banking has ranked lower than most industries as far as customer satisfaction is concerned. Analysis of the conversations taking place between banks and their customers on the dedicated banking customer support twitter handles give us an opportunity to take a closer look at the data and examine the root cause for some of this dissatisfaction. Do the results sound a death knell for banks and will such trends hold up with millennials who increasingly form a larger population of the banks’ customers? Mark Atherton walks us through the analysis of the Top 25 US retail banking customer tweets and highlights long term fixes for the deeper problems the results reveal.[Read More]

Wednesday Apr 29, 2015

A Picture of an Effective Data Governance Structure

Join Bhargava S., VP of Product Management for Oracle Financial Services Analytical Applications, as he answers the questions asked in a previous BCBS 239 blog post. In summary, banks need a strong analytical platform to achieve compliance and the greater goal of turning enterprise information into a strategic asset. The platform should support a bank's efforts to establish effective data governance as well as enhance their data infrastructure to easily monitor, manage and report risks back to regulators.

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Wednesday Feb 25, 2015

Is it a Bank, a Supermarket, a Retailer or an MNO

Hand holding a cardThe Reserve Bank of India recently announced that new licenses will be granted for payment banks in India, a move aimed at promoting financial inclusion. A set of guidelines were released to which the proposed payment banks will have to adhere. In the light of this development, a number of telecom operators, supermarkets chains, retail sector cooperatives, PSUs, electronic wallets and prepaid instruments players have applied for licenses. In this post, Tushar discusses how banking technology can help the proposed payment banks achieve profitability while staying competitive and sustainable over the long run.
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Tuesday Feb 10, 2015

Big Banks Don’t Need Big Bangs: An Evolutionary Approach to Enterprise Stress Testing

David Bomser, Senior Director for Banking Analytics at Oracle, shares his knowledge of enterprise stress testing and the high stakes surrounding stress testing.  With regulators laser-focused on the governance and processes behind regulatory mandated stress testing, banks need to evaluate each major area of their stress testing programs to understand where they are most vulnerable and subject to regulatory scrutiny. 
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Tuesday Jan 27, 2015

Oracle Ranked as Category Leader in 2014 Chartis Financial Crime Risk Management Report

Vice President of Oracle Financial Services Analytical Applications (OFSAA), Ambreesh Khanna, reports on Chartis' 2014 Category Leaders in Financial Crime Risk Management.  The leading provider of research, covering the global market for risk management technology, ranked Oracle as a top provider of the solutions firms need to solve financial crime, regulatory, compliance and fraud issues. The findings revealed the strength of Oracle's technology - the OFSAA Financial Crime and Compliance portfolio of applications deliver high-volume and low-latency suspicious transaction detection.  Read more here.
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Tuesday Dec 16, 2014

Are you Surviving or Thriving in the World of Transfer Agency?

These are possibly good times for Transfer Agents (TA) the world over. The appetite for mutual funds, retirement products and other investment fund structures is steadily growing worldwide and Asset Managers are on the lookout for cost-effective and efficient TA models to meet their wide range of requirements on a common platform. How are TAs placed to seize these opportunities? What does the future look like for them? In this post, Anand Ramachandran, Global Banking Solutions Practice Lead at Financial Services Global Business Unit of Oracle, shares his insights on how technology can enable enduring success.
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Tuesday Nov 11, 2014

Compliance Risk Assessment: Are Tier 1 Banks doing it Right?

In this post, Garima Chaudhary, Senior Sales Consultant for Oracle Financial Services Analytical Applications, discusses today's stringent regulatory environment in the financial industry. Due to the nature and levels of risks inherent to their business activities, tier 1 financial institutions should have a compliance risk management framework that enables them to identify, monitor, and effectively control the compliance risks facing their entire organization. As a result, compliance risk management has emerged as key business concern across the globe.
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Thursday Nov 06, 2014

De-Risking AML & CTF: Are You Throwing the Baby Out with the Bathwater?

In this post, Matthew Long, Financial Crime and Compliance Management Global Solution Lead for Oracle Financial Services Analytical Applications at Oracle, defines the practice of exiting customer relationships. This approach (and the term de-risking) is becoming increasingly more prevalent and has drawn recent criticism from regulators and institutions, such as FATF who have concerns over the impact of these actions. Instead of dropping high risk business, companies are instead being urged to improve their risk financial crime and compliance frameworks and reap the potential benefits.

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Wednesday Nov 05, 2014

Forecast, Model, Repeat… Welcome to the 5th Annual CCAR Cycle

In this post, David Bomser, Senior Director for Banking Analytics at Oracle, discusses new CCAR exercises.  For bank holding companies with more than $50 billion in assets, it’s time to get moving if you haven’t already.  The Federal Reserve just released its scenarios and shocks for the 2015 Comprehensive Capital Analysis & Review (CCAR) exercise, and these banks’ capital plans are due on or before January 5, 2015.  Read more here.

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Friday Oct 31, 2014

What a Bank Branch will be like in 2025!

mobile payments

Over a series of posts, we have discussed in detail how innovations in technology have the potential of disrupting the banking industry and how mobile and internet have become the preferred banking channels, leading to a question mark on the relevance of bank branches. Join Tushar as he conjures a fictitious scenario of what bank branches may be like a decade from now and how they could not only remain relevant, but also deliver an enhanced user experience. 

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Wednesday Oct 29, 2014

Winning the Battle Against Financial Crime in the Era of Real-Time Payments

In his post, Stuart Houston, Global Solution Manager for the Financial Services Global Business Unit at Oracle, discusses the dangers behind real-time payments and fraud.  Today, banks are generally quick to detect fraudulent activity; however, fraud is still one of the fastest growing crimes in Australia. Learn more about what was discussed at executive luncheons in Sydney and Melbourne on the topic of real-time fraud detection and management.
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Stock Exchanges and Revenue Management – How to stay ahead of the competition?

The traditional stock exchange business model of buying and selling stocks, bonds and other securities is under threat from multiple angles. Join Rahul as discusses the importance of Revenue Management for Stock Exchanges.
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Wednesday Oct 15, 2014

Five Key Questions for Your BCBS 239 Data Governance Strategy

Join Bhargava, VP of Product Management for Oracle Financial Services Analytical Applications, as he reviews the five key questions that every bank should ask themselves when evaluating their organization's data governance policy.  Isn't compliance on its own enough of a challenge?  When it comes to BCBS 239, compliance by the January 2016 deadline presents a whole new hurdle for some banks and financial institutions to overcome.  However, there are several approaches banks can take to alleviate the complexity of the situation.  Read more from Bhargava S.

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Tuesday Oct 07, 2014

Are Enterprise Metadata Servers making a Comeback?

Sunil Mathew, Senior Director for Oracle Financial Services Analytical Applications, discusses the increasing trend in integration with IT led metadata initiatives at banks. Read more about enterprise metadata management and how it is gaining more prominence these days. Is it the changing technology landscape coupled with new business imperatives that are driving this trend? 
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Tuesday Sep 30, 2014

Credit Management in the Time of Quantitative Easing

Easy money is drying up, with central banks the world over tightening their monetary policies. A general strengthening of lending norms and greater central bank scrutiny of loans portfolios are also on the anvil. To succeed, then, banks need to particularly focus on their credit management strategies. "But do they have the tools?", asks Karthick Prasad, Vice President for banking products.
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Monday Sep 29, 2014

In Transaction Banking – Is Customer Centricity Through Billing the New Black?

In the last few years, customer-centricity has been one of the most talked-about trends in transaction banking. While banks have always been focused on their corporate customers, a recognition that this group is not to be taken for granted has taken hold. One reason – global transaction banking continues to be a major growth area for banks – surpassing investment and commercial banking in the post-crisis era.Join Akshaya as he discusses the increased importance of customer centricity through billing.
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Wednesday Sep 24, 2014

Landmark US Terrorist Financing Ruling & Latest EU Risk & Vulnerability Report Raises Serious Concerns

Matthew Long, Financial Crime and Compliance Management Global Solution Lead for Oracle Financial Services Analytical Applications, reports on this week's release of the US civil liability case results against Arab Bank for terrorist financing, which was closely followed by the latest EU report on risk and vulnerability in EU financial systems. Both give invaluable insight not only into the risks facing global financial institutions, but also what’s expected from a corporate/business conduct perspective.[Read More]

Monday Sep 22, 2014

High Speed Transaction Processing is the New Normal

In the last few years we have seen an explosion in card transaction volumes. As volumes increase the requirements for astronomical processing speed to price & settle these transactions and streamline payment processing is also increasing. Join Akshaya Kapoor as he discusses how Oracle Revenue Management and Billing (ORMB) product proves, that it can scale vertically and horizontally to meet the payment industry requirements.
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Thursday Sep 18, 2014

Critical Innovation: The Push for Next Gen Revenue Management and Billing

We are living in a new age of innovation and there are examples of this everywhere: drones, 3-D printing and headline grabbing technologies like Oculus Rift and the Internet of Things. Yet, even though you can now receive a pizza delivery by drone, professionals at banks including those in the treasury services divisions are coping with 20-year old billing systems that effectively drain resources away from the businesses. Join Darren as he discusses how critical innovations have increased the need for next generation Revenue Management and Billing.
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Thursday Sep 04, 2014

Better Revenue Management and Billing:Hedging against “Too Big to Fail”

As global banking leaders prepare for Sibos in Boston, regulation and compliance is top of mind. Avoiding “Too big to fail” is a key goal not just of regulators, but of the banks themselves. Restoring customer trust, and offering services that help their customers grow their businesses, is the goal of transaction banking. Join Darren as he discusses how better revenue management and billing process can act as a hedge.
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Tuesday Sep 02, 2014

Know, Empower And Wow Customers: Making Customer Insight Analytics Actionable

In this post, David Bomser, Senior Director for Oracle Financial Services Global Business Unit, describes his take on Customer Insight.  Since today’s banking customers are spoiled by other industries, especially non-bank financial services provides such as PayPal and Amazon, they now demand that their banks know them, empower them, and wow them.  Good customer insight analytics can aid banks in making sound decisions on treating customers and improve a customer’s lifetime value.  Read more.
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Tuesday Aug 19, 2014

Thinking Local, Regional and Global : Challenges and Opportunities for Banking In The ASEAN Region

A strong transaction banking platform enables banks to take advantage of new opportunities in the ASEAN Economic Community.

Join Anand as he offers his views on the challenges and opportunities for this region.

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Thursday Aug 14, 2014

The Next Generation of Analytics: Are Financial Institutions Prepared?

In this post, Ambreesh Khanna, VP of Product Management for Oracle Financial Services Analytical Applications, tackles Analytics 3.0.  Today’s consumers have high expectations − and for good reason.  They have become accustomed to, and are increasingly likely to demand, anytime/anywhere connectivity and access to the products, services, and information they desire and need.  As these expectations carry over to their banking relationships, banks are focused on keeping pace with rapidly changing requirements.  Analytics is on the front-lines of this quest.  Just like customer expectations are evolving, so too are analytics solutions.  Are banks prepared to adopt and benefit from next-generation solutions?
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