Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting In conversation with compliance officers in banking and...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting In conversation with compliance officers in banking and insurance businesses, I’m often struck by the disparity between what they aim to accomplish and the expectations they face—and the tools available to them. The position of the compliance officer, much like the chief controller, has in recent years evolved in parallel with the role of the chief financial officer (CFO), but...
Blog By: Yogendra Singh, Global Lead, Oracle Financial Services Analytical Applications Consulting In conversation with compliance officers in banking and insurance businesses, I’m often struck by the...
Blog by Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Anti-money laundering (AML) and know-your-customer...
Blog by Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Anti-money laundering (AML) and know-your-customer (KYC) compliance have become leading concerns at financial institutions globally today. In 2018, money laundering scandals made headlines, especially in Europe. The Danske Bank scandal, for example, exposed the worrying levels of suspect wealth that flowed, unchecked through European banks. In the aftermath of this, 2019...
Blog by Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Anti-money laundering (AML) and know-your-customer (KYC) compliance have become...
Blog Authored By Sunil Mathew, Vice President, FCCM and Big Data, Oracle The strength of banks’ compliance offerings will increasingly correlate with the...
Blog Authored By Sunil Mathew, Vice President, FCCM and Big Data, Oracle The strength of banks’ compliance offerings will increasingly correlate with the quality of their customer experience. By investing in faster, more accurate compliance systems, banks can not only reduce their liability in the case of financial crimes or money laundering – which has, in cases, stretched into billions of dollars of punitive measures – but also improve the fundamentals of customer service...
Blog Authored By Sunil Mathew, Vice President, FCCM and Big Data, Oracle The strength of banks’ compliance offerings will increasingly correlate with the quality of their customer experience. By...
Blog Authored by Parvez Ahmad, Director Marketing, Oracle Oracle’s innovation in financial services will be showcased at SIBOS 2018, where you can discover how...
Blog Authored by Parvez Ahmad, Director Marketing, Oracle Oracle’s innovation in financial services will be showcased at SIBOS 2018, where you can discover how technology is shaping the future of banking into a faster, more efficient and secure digital economy. From one-on-one meet-ups with our solution experts to discovery sessions to experience our demos, we’re looking forward to share best practices, connect, and collaborate on modern solutions for the banking world. At...
Blog Authored by Parvez Ahmad, Director Marketing, Oracle Oracle’s innovation in financial services will be showcased at SIBOS 2018, where you can discover how technology is shaping the future...
How correlation and graph analytics can help resolve current day transaction monitoring challenges.
This post discusses the current key challenges in AML programs and how to tackle them with Machine Learning and Artificial Intelligence.
The explosion of the SAR filings reflects a combination of increased regulatory requirements, a broader range of institutions subject to BSA/AML regulations,...
The explosion of the SAR filings reflects a combination of increased regulatory requirements, a broader range of institutions subject to BSA/AML regulations, stronger compliance programs at financial institutions or possibly a weak detection system generating too many alerts (false negatives and false positives) analysed and promoted to cases and disclosed to the regulators. Although, SARs have been instrumental in enabling law enforcement to initiate or supplement major...
The explosion of the SAR filings reflects a combination of increased regulatory requirements, a broader range of institutions subject to BSA/AML regulations, stronger compliance programs at financial...
The traditional finance transformation of 30 years ago has completely changed its face and evolved from purely an enhancement of the CFO function to a broader...
The traditional finance transformation of 30 years ago has completely changed its face and evolved from purely an enhancement of the CFO function to a broader journey including risk, compliance and operating model initiatives. Take a look back in time and discover how to move forward.
The traditional finance transformation of 30 years ago has completely changed its face and evolved from purely an enhancement of the CFO function to a broader journey including risk, compliance and...
In recent years, law enforcement agencies have emphasized efforts to track and prosecute money laundering that occurs through financial institutions, as...
In recent years, law enforcement agencies have emphasized efforts to track and prosecute money laundering that occurs through financial institutions, as compared to focusing on money laundering resulting from fundamental criminal violations, such as fraud, drug crimes, tax evasion, or corruption. Federal prosecutors are looking instead at weaknesses in the internal procedures employed by financial institutions to prevent laundering. This makes regulatory compliance the...
In recent years, law enforcement agencies have emphasized efforts to track and prosecute money laundering that occurs through financial institutions, as compared to focusing on money...
