Wednesday Oct 21, 2015

Road to IFRS 9 (Impairment) Compliance: Challenges Ahead

Join Krishnamurthy Venkatraman, Senior Principal Product Manager for Oracle Financial Services Analytical Applications, as he takes a look at the challenges faced by financial institutions implementing the IFRS 9 final guidelines. Based on various surveys conducted, it has been estimated that the new expected loss approach will result in banks' provisions increasing by up to 50% more than the current levels of provisioning. As a consequence, with credit risk being the major risk faced by any financial institution, the bottom line of institutions is expected to be affected to a significant extent.[Read More]

Friday Oct 16, 2015

Digitization, Transparency and Collaboration - Themes Banks Need to Address to Stay Ahead

Sibos 2015 - Technology was the key topic of discussion. There was optimism for the new opportunities created by technology. How can banks best exploit these opportunities? [Read More]

Reflections from SIBOS 2015: An industry at the crossroads, finally making a decision to transform

SIBOS 2015! Where banks ruled and rued about their economic might and influence, realising that they are probably losing out in a digital world, from goliaths in business in the offline world; in the digital world they are minions and they are only trying to figure out what to do. Good News! There is growing realization that they need to change.[Read More]

Wednesday Oct 14, 2015

Model Risk Management: A CCAR Perspective

Model risk is not a new concept to financial services institutions. However, while financial institutions are undertaking model risk as a calculated risk for conducting business, regulators have started emphasizing the need for effective model risk management and governance. Join Krishnamurthy Venkatraman, Senior Principal Product Manager for Oracle Financial Services Analytical Applications, as he reviews the Supervisory Guidelines on Model Risk Management and how financial institutions should be strengthening their MRM framework and governance.
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BLOCKCHAIN – Is the industry ready for the new technology?

Are banks ready to adopt the blockchain technology? Or are they in disagreement for more work needs to be done. Or are they in experimental stage and waiting? Bringing insights from the Innotribe room at Sibos 2015. Read on to know what the future holds.[Read More]

How to Stay Ahead in The World of Financial Crime

Banks can no longer wait and see, they need to address their issues before it takes over. Banks need to apply a risk-based approach in order to take proportionate measures. Relationships should only be terminated when risks cannot be mitigated instead of cutting out entire jurisdictions. [Read More]

Are Financial Services keeping up with technology advances to stay Ahead?

What are the key challenges in the market and what needs to be done to overcome the issues? Most importantly, how can your institute stay current in an ever changing industry. Read through for fresh insights from industry leaders at Technology Forum, Sibos 2015.[Read More]

Tuesday Oct 13, 2015

The Secret Sauce to Success in International Banking

As banks plan to expand their operations across borders; how well their international strategy takes into consideration the bank’s capabilities and constraints will determine whether their international operations will create waves or just be another drop in the ocean.[Read More]

Thursday Oct 08, 2015

Adapt and Evolve in the New Regulatory Regime

According to the Office of the Comptroller of the Currency (OCC), the US supervisor will be looking ever more closely at how banks are adapting to evolving AML and cyber security threats, whilst maintaining a strong governance and oversight process, including documented gaps and timelines to close them.  Join Matthew Long, Financial Crime and GRC Management Global Solution Lead for Oracle Financial Services Analytical Applications, as he reviews some of the key focus areas from the OCC FY 2016 Operating Plan.
[Read More]

Wednesday Oct 07, 2015

Alternative Payments - Transforming the Payments Landscape

The global payments landscape is in a state of fundamental transformation. While old powers are being challenged by the impact of technology, global regulations and new competitors, alternative payment providers are taking advantage of the changing environment. Banks will need to move quickly if they are to take advantage of the opportunities on offer in the global payments business. 

[Read More]

Friday Oct 02, 2015

Big Data and Financial Crime and Compliance: A marriage made in heaven or one that's doomed to fail?

Big data is a trendy topic right now, not only in financial services, but across all industries.  As the quantity of available data will most definitely continue to increase, especially in the financial services industry, is big data and financial crime and compliance management a marriage made in heaven or one that's doomed to fail?  Join Sasi Mudigonda, Senior Product Manager for Financial Services at Oracle, as he dives headfirst into a data lake.
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Monday Sep 28, 2015

Sophisticated Pricing Strategies: One Price DOES NOT Fit All

With a persistent low growth environment, a myriad of regulatory obligations and most banks running after a finite set of “good” customers, bank profitability is under great pressure. One niche lever in the hands of the banker in such a challenging environment is pricing. Join Kiran Jagannath, Vice President of Financial Services Analytics at Oracle, as he discusses the benefits of relationship-based pricing strategies and why one price DOES NOT fit all.
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Friday Sep 11, 2015

The Distribution Enterprise – Bank of the Future

Banks that gain the ability to 'productize innovation' will wield the power to create the next big wave in the industry.

Read on to discover the key pillars on which the bank of the future can be built. 

[Read More]

Monday Aug 17, 2015

Data Governance is about more than ticking regulatory boxes – it’s good for business

Financial institutions as a whole have become so complex and the products they sell have developed at such a rapid pace that their own risk infrastructure has not kept pace.  Read on to find out how your organization can stay up to date with regulatory requirements while growing. 

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Tuesday Aug 11, 2015

Find a Silver Lining to Regulatory Reporting

When it comes to regulatory reporting, financial institutions feel increasingly boxed in.  On one hand, the number, frequency, and complexity of reports continues to spiral, especially for global financial institutions.  At the same time, regulators are strongly encouraging firms to spend more time on analysis and review.  Please join Ambreesh Khanna of Oracle and Cliff Van Tonder of Lombard Risk as they discuss a comprehensive data-driven approach to regulatory reporting.

[Read More]

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. 

[Read More]

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.

[Read More]

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. 
[Read More]

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.

[Read More]