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...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Financial institutions rely on deterministic rules to...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Financial institutions rely on deterministic rules to cull the transactions and pick out potentially suspicious transactions as part of their Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) program. When a transaction is flagged, a notice (case) is generated and a procedure for resolving the red flag is enforced. Generally, these rules generate cases for...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Financial institutions rely on deterministic rules to cull the transactions and pick...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Some time ago, in my Top 3 Trends Transforming AML...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Some time ago, in my Top 3 Trends Transforming AML Programs post, I discussed how Machine Learning would be one of the top three trends in transforming an Anti-Money Laundering (AML) program. Extending the same thread, in this post I will discuss current key challenges and how to tackle them with Machine Learning and Artificial Intelligence (AI). It has been a challenge...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. Some time ago, in my Top 3 Trends Transforming AML Programs post, I discussed how Machine...
Blog By: Julien Mansourian, Strategy and Transformation Executive. The purpose of an Anti-Money Laundering application is primarily to enable the reporting...
Blog By: Julien Mansourian, Strategy and Transformation Executive. The purpose of an Anti-Money Laundering application is primarily to enable the reporting entities (finance-related industries) to detect and disclose any suspicious transactions above a predefined threshold (depending on jurisdictions) by compiling and submitting a SAR (Suspicious Activity Report) to FIUs (Financial Intelligence Units). The report includes information about known or suspected violations of law...
Blog By: Julien Mansourian, Strategy and Transformation Executive. The purpose of an Anti-Money Laundering application is primarily to enable the reporting entities (finance-related industries)...
Blog By: Julien Mansourian, Strategy and Transformation Executive. In the 90’s, we talked about Enterprise Resource Planning (ERP), an integrated Business...
Blog By: Julien Mansourian, Strategy and Transformation Executive. In the 90’s, we talked about Enterprise Resource Planning (ERP), an integrated Business Process Management (BPM) software that was designed and built to centralize the management of front-end and back-end business functions, such as SRM, PLM, SCM, CRM, HCM and Accounting, etc. Companies were eager to implement ERPs to replace or consolidate their distributed/fragmented application landscape and end user...
Blog By: Julien Mansourian, Strategy and Transformation Executive. In the 90’s, we talked about Enterprise Resource Planning (ERP), an integrated Business Process Management (BPM) software that...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. In recent years, law enforcement agencies have...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. 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...
Blog By: Garima Chaudhary, Oracle Financial Services Financial Crime and Compliance Management Specialist. In recent years, law enforcement agencies have emphasized efforts to track and...
Over the years, we have become increasingly dependent on technological advancements. Almost all aspects of our lives - the way we communicate, the way we shop,...
Over the years, we have become increasingly dependent on technological advancements. Almost all aspects of our lives - the way we communicate, the way we shop, and the way we bank are all impacted by technological advances. Innovations are underway to improve standards and build consumer friendly products. Take for example the mobile phone industry which has evolved significantly over last 10 years and has come up with innovative ways to make communication simpler, by...
Over the years, we have become increasingly dependent on technological advancements. Almost all aspects of our lives - the way we communicate, the way we shop, and the way we bank are all impacted by...
Blog By: Akshaya Kapoor, Senior Director, Product Strategy, Oracle Financial Services This is the third and final blog in a series relating to a joint study...
Blog By: Akshaya Kapoor, Senior Director, Product Strategy, Oracle Financial Services This is the third and final blog in a series relating to a joint study between Oracle and Efma, which led to the production of a White Paper: ‘Making Innovation Pay’. An important conclusion of the study was that a move towards revenue management is essential - and that as part of this, relationship pricing is one of the key elements in achieving sustainable, long-term profitability and...
Blog By: Akshaya Kapoor, Senior Director, Product Strategy, Oracle Financial Services This is the third and final blog in a series relating to a joint study between Oracle and Efma, which led to...
