Thursday Mar 17, 2016

Big Data: From Hype to Insight - Part 2 Infrastructure and Technology

In his second post of a four part series, Big Data: From Hype to Insight, OFSAA consultant Gaurav Kesarwani discusses Big Data Infrastructure and Technology. Read more about the complete ecosystem from technology to talent - all things which can affect the successfully implementation of Big Data projects. Stay tuned for his third post about Big Data Analytics.[Read More]

Wednesday Mar 16, 2016

Lessons NOT Learned: A Video Blog

In her fourth video blog of the series and in line with the theme of real world issues, Saloni Ramakrishna discusses the lessons that the financial industry have NOT learned from failures, collapses, takeovers, bailouts and astronomical fines that grow more astronomical by the day. History has loads of examples where firms that have been in existence for a century or more have disappeared almost overnight and that is a reality to which financial services cannot afford to be blind. [Read More]

Monday Mar 14, 2016

Successful Data Management: A Marathon, Not a Sprint

The ongoing data deluge in financial services has been quite apparent, and as a result, the criticality and significance of data management and governance needs no further vindication. Regulators have emphasized and enforced the principles for data management with sufficient rigor. Even outside the regulatory pressure, there has been a realization within organizations on the necessity and benefits that they would have with an effective data management program and, more importantly, a technology to implement the program.  Read more from Lovell Mathews, Product Manager at Oracle Financial Services Analytical Applications.
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Thursday Mar 10, 2016

Know Your Customer: Moving Beyond Regulatory Compliance

Know Your Customer (KYC) and Enhanced Due Diligence (EDD) refer to operational tasks carried out by financial institutions in order to mitigate their risk exposure and to comply with anti-money laundering. However, financial institutions need to move beyond the challenges posed by this and see this activity as a way to boost customer satisfaction. Read more from Gururaja Prasanna, Principal Sales Consulting at Oracle.[Read More]

Wednesday Mar 09, 2016

Big Data: From Hype to Insight - Part 1 Landscape and Architecture

In his first post of the four part series, Big Data: From Hype to Insight, OFSAA consultant Gaurav Kesarwani discusses Big Data landscape and architecture. After defining big data and reviewing interesting data sources, Gaurav focuses on creating a unified architecture to organize and leverage big data.  Stay tune for his second post: Big Data Infrastructure and Technology.

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Monday Feb 22, 2016

A 2020 vision for today's Transfer Agent

A review of the options facing Fund Administrators and Transfer Agents as we look ahead for the next 3 – 4 years.  There are opportunities for those who are based on agile and flexible platforms to increase revenue streams against those who are still struggling with updating and rationalising legacy software and systems.[Read More]

Friday Feb 19, 2016

Predictive Analysis In Fraud Risk

After spending over a couple of decades in Data and Analytics, I am often asked “What kind of Analytics are most suitable for my organization?” There are many kinds of Analytics. In this article DeepalDharwadker - Consulting Practice Director - Business Intelligence will focus on Predictive Analytics in the Fraud Risk domain which constitutes the major play in the Analytics world in this segment.

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10 Reasons why Banks should move to Exadata

Exadata Machine

Several Banks are already reaping the benefits of Oracle Exadata Engineered Systems. If you still have not done so, Reshmi R (Kurup) – Solution Architect at Oracle shares ten reasons to move sooner and reap the cost benefits and new opportunities that it opens up. [Read More]

Wednesday Feb 17, 2016

Gray Areas and Myths of Compliance: A Video Blog

In Saloni Ramakrishna's third video blog, the Senior Director at Oracle and Author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions discusses the myths and conflicts around compliance.  Watch Saloni Ramakrishna's third video blog of the Compliance Risk Management Series.  The fourth video in the series "Lessons NOT Learned" coming soon.[Read More]

Monday Feb 15, 2016

Oracle Ranked as Category Leader in 2016 Chartis RiskTech 100®

Vice President of Oracle Financial Services Analytical Applications (OFSAA), Ambreesh Khanna, reports on the Chartis RiskTech 100® 2016.  The leading provider of research, covering the global market for risk management technology, ranked Oracle as a category winner in the categories for Core Technology; Risk Data Aggregation & Reporting; and Geographical sector: Americas. 

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Wednesday Jan 27, 2016

Drivers of Compliance in the 21st Century: A Video Blog

In Saloni Ramakrishna's second video blog, the Senior Director at Oracle and Author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions discusses what's driving compliance in the 21st century.  The classes of compliance drivers she reviews are Direct Drivers and Indirect Drivers.  Do watch Saloni Ramakrishna's second video blog of the Compliance Risk Management Series.  The third video in the series "Gray Areas, Myths, and Conflict Zones of Compliance" coming soon.
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Tuesday Jan 19, 2016

Message Standardization approach towards Risk Data Aggregation

It is better to have a long term view towards compliance by adopting standards in the implementation process in order to build a resilient system. Join Aparty in this example of message standardization towards Risk Data aggregation.[Read More]

Wednesday Jan 13, 2016

Interesting Shifts in the Compliance Space: A Video Blog

Introducing Saloni Ramakrishna, Senior Director at Oracle and Author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions, in her debut video blog series.  In her first post, Saloni Ramakrishna discusses interesting shifts in the compliance landscape.[Read More]

Wednesday Dec 02, 2015

How to Gain an Enterprise-Wide View of Model Risk

Financial Institutions maintain model critical information on a silo’d basis and as a natural extension of the same, the risks arising from these models are also managed on a silo’d basis. This causes a challenge for senior management to get an enterprise-wide view of the risks arising out of models used across the organization. Therefore, there is a need to adopt an enterprise-wide approach when it comes to model risk breaking divisional silos. Read the latest blog post from Krishnamurthy Venkatraman, Senior Principal Product Manager for Oracle Financial Services Analytical Applications, to learn how financial institutions can gain an enterprise-wide view of model risk.
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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.
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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. 

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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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