Tuesday Jun 14, 2016

A customer oriented collections strategy boosts collections success and reduces operating costs

The growing complexity of the debt collection  industry requires lenders and debt collection operators to make  significant changes to their collections practices. A fully automated and integrated collections system can help financial institutions reduce bad debt and improve the borrower's experience.

 


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Tuesday Jun 07, 2016

Risks vs Rewards – The Dynamics of Debt Collection

Maximizing return on investment by minimizing unpaid loans and managing traditional credit risk as well as profitability factors such as customer retention and resource management are all key components of a financial institution’s Collections and Recovery process.  Here are a few trends and challenges that are currently impacting debt collection operations.[Read More]

Thursday May 26, 2016

A new perspective on the potential of data

Howard Mather, Oracle Financial Services Principal Sales Consultant, describes how data is the new currency and a valuable asset.[Read More]

Wednesday May 25, 2016

Continuing the Data Governance Journey: A Video Blog

Lovell Mathews, Oracle Financial Services Analytical Applications Product Manager, further explores data governance and how it benefits an organization, why the organization needs to adopt a data governance program, and how, in his opinion, the organization should go about implementing a solid program.[Read More]

Tuesday May 24, 2016

Negative Interest Rates: A Path into the Unknown

When historians look back at what unfolded during the global financial crisis of 2007 onwards, and the actions taken to save the global economy from the precipice, it would be a fair assessment that governments and central banks used a wide range of tools to try and get the wheels of economic growth moving again. Conventional wisdom of slashing interest rates, printing money, asset purchase programs have all, to a large extent, not had the desired impact the authorities would have hoped for.  Policy makers are faced with the dilemma that after almost nine years of prescribing a variety of measures, the global economy still remains weak and faces major downside risks.   So where to next?  [Read More]

Thursday May 19, 2016

What’s the difference between see-through and look through?

Howard Mather, Oracle Financial Services Principal Sales Consultant, describes how working with data can seem like an existentialist exercise.
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Wednesday May 18, 2016

Centralized Questionnaire Management for a Greater KYC Program

Financial institutions capture a plethora of information as part of the client on-boarding process in order to comply with the Know Your Customer provision of the Bank Secrecy Act and the USA Patriot Act.  Client on-boarding and Account Management are critical functions for any financial institution. The initial verification, risk assessment, and profiling of the client all assist in creating a relationship between two firms. However, it is this critical function that very often becomes a victim of redundant processes and bad data inputs. Read more about the benefits of a Centralized Questionnaire Management Platform from Garima Chaudhary, Senior Sales Consultant for Oracle Financial Services.
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Monday May 16, 2016

From FATCA to GATCA: The Making of Global Tax Network (Part 2)

In the second part of the blog series From FATCA to GATCA: The Making of Global Tax Network, Oracle Financial Services Analytical Applications Consultant, Gaurav Kesarwani, builds on the context set up in the first post and discusses how GATCA is different from FATCA.
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Thursday May 12, 2016

A single regime for data: Management of risk becomes management of business

Howard Mather, Oracle Financial Services Principal Sales Consultant, discusses how data increases value once it becomes more useful. 
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Tuesday May 10, 2016

Practical Solutions to vexing Compliance Challenges

In her sixth video blog, Saloni Ramakrishna touches on how some of the practical solutions to vexing compliance challenges may not be in formal rule books  and requires “out of the box” thinking. Implementable ideas from peers in the industry can be a rich source for organizations that want to embrace compliance  as a value multiplier instead of being forced to be compliant.  Watch Saloni Ramakrishna’s sixth video blog of the Compliance Risk Management Series.

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No More Dithering Over Digital Transformation!

There’s little doubt that one of the main factors currently affecting the financial services industry – and that’s likely to go on affecting it for years to come – is the move towards digitization. Digital disruption in itself isn’t new – it’s been happening in different industries over the past 20 or 30 years. Now it’s the turn of financial services. [Read More]

Monday May 09, 2016

Greater visibility boosts profitability and performance

Howard Mather, Oracle Financial Services Principal Sales Consultant, discusses the value of delivering actionable insights and accessible data.
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Wednesday May 04, 2016

IFRS 9 (Impairment) - Its Positive Effects on the Financial Services Industry

While IFRS 9 impairment guidelines are posing a lot of challenges to financial services institutions, there are a number of positive effects that should not be overlooked. Oracle Financial Services Analytical Applications Product Manager, Krishnamurthy Venkatraman, discusses what he finds to be the top 3 reasons why IFRS 9 is a good thing.[Read More]

Tuesday May 03, 2016

From FATCA to GATCA: The Making of Global Tax Network (Part 1)

In the first part of the blog series From FATCA to GATCA: The Making of Global Tax Network, Oracle Financial Services Analytical Applications Consultant Gaurav Kesarwani reviews FATCA and its new big brother - GATCA. 
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Can ‘IoT’ Shake Banks?

As disruptive technologies continue to fuel innovation, banks are not likely to remain unaffected by the emergence of IOT. Are banks prepared to seize the new opportunities presented by IoT?  Here is a three dimensional perspective on how banks can gear up if indeed IoT reaches a tipping point.[Read More]

Thursday Apr 28, 2016

You have the Data, Now take Control of Business

Howard Mather, Oracle Financial Services Principal Sales Consultant, describes how to make use of data to create a seismic shift in the way we work.
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Off the Beaten Path – Exploring Banking Solutions for Women Owned SMEs

Despite the growth of women-owned businesses, there is a tremendous gap in their access to finance. It is estimated that over 70% of women-led SMEs are either unserved or underserved financially, which translates to a roughly $300 billion market opportunity for financial service providers.[Read More]

Monday Apr 25, 2016

It's time to make use of your new asset

Howard Mather, Oracle Financial Services Principal Sales Consultant, discusses how regulations can be used as assets, adding real business value to savvy banks.[Read More]

Friday Apr 22, 2016

Live! From Oracle Industry Connect

Check out these video blogs, recorded LIVE from Oracle Industry Connect. Oracle Product Manager, Don Ryu, discusses the compliance and regulatory space for Financial Crime and Compliance.  In the second video, Oracle Product Manager, Kiran Jagannath gives an update on Customer Insight for Financial Services.
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Thursday Apr 21, 2016

Live from ACAMS: Woman on the Street

Our woman on the street, Kim Tyler, Oracle Financial Services Product Manager, discusses the hot topics she saw at ACAMS in her first video blog.
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Thursday Apr 07, 2016

The Umbilical Cord Between Business Model and Compliance

In her fifth video blog of the series, Saloni Ramakrishna discusses the fundamental connect between business model and compliance and how compliance has remained in the reactive stance due to a lack of appreciation of this connect.  She speaks of the two components of Business Model (BM) - Target Strategy Model (TSM) and Target Operating Model (TOM) and how compliance is at the core of Target Operating Model. Weaving compliance into the TOM creates the foundation for positive and active compliance that is a value multiplier.[Read More]

Wednesday Apr 06, 2016

Big Data: From Hype to Insight - Part 4 Banking on Big Data

In his fourth and final post of the series, Big Data: From Hype to Insight, OFSAA consultant Gaurav Kesarwani discusses Banking on Big Data: From Data to Dollar$. Learn how banks can incorporate the insights as delivered by the analytics in their business models to be relevant in today's market.
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Thursday Mar 31, 2016

The Data Governance Journey: Adjusting to Cultural Change, A follow up conversation from FIMA US

Join Lovell Mathews, OFSAA Product Management, as he explores the Data Governance journey and how financial institutions need to adapt to the cultural shift surrounding it.[Read More]

Wednesday Mar 23, 2016

Big Data: From Hype to Insight - Part 3 Analytics and Visualization

In his third post of a four part series, Big Data: From Hype to Insight, OFSAA consultant Gaurav Kesarwani discusses Big Data Analytics and Visualization. Read more about the exciting world of Big Data Analytics and the business insight it delivers to guide strategic decision making. Stay tuned for his fourth post about Big Data Use Cases.[Read More]

Monday Mar 21, 2016

Know Your Customer: Moving Beyond Regulatory Compliance Part 2

Gururaja Prasanna, Principal Sales Consultant at Oracle, continues the Know Your Customer journey in his most recent blog post. In his last post, he discussed the key challenges around a KYC program and will now continue to outline the best strategy on how to move beyond just checking the regulatory box and ensuring your KYC program is a sound business strategic initiative.[Read More]