In recent years, the Insurance industry has been finding new ways to simplify. Complex products are prone to low discoverability by distribution channels, higher customer fatigue chances in the fulfillment process, and resiliency to tailoring and compliance. Increased reliance on digital distribution is also forcing carriers to simplify their offerings and adjust to risk-based atomic selling compared to ‘catch all-risks’ products. Oracle’s Subhajit shares more.
The European Union (EU) has launched a new Financial and Economic Crime Centre within Europol to tackle an expected surge in financial crime in the economic downturn triggered by the pandemic. This brings new challenges to financial institutions and their fraud detection/anti-money laundering programs. Oracle’s Michael Ficarro shares how financial institutions can succeed when resources are strained across their business.
Everyone understands the pressures of working in a highly regulated market. Considering COVID pressures and a probable global recession, there needs to be an increased focus on cost-cutting. For banks looking to assist their clients through this phase of turbulence, could Earnings Credit Rates (ECR) help? Oracle’s Kiran Rajendran shares more.
The onset of the market-wide stress event that is national governments’ policy response to the coronavirus epidemic has thrown stress testing procedures, and capabilities, sharply into focus. Unlike in 2008, this time, banks are not part of the problem. Find out how banks are implementing stress testing.
Drug trafficking is a global problem—and despite decades of research, regulations, and enforcement, it remains a $400 billion global business. While financial institutions have invested heavily in innovative technology, they continue to miss a significant portion of drug trafficking activities. Oracle’s Garima Chaudhary shares her views on how advanced analytics can help.
After the global financial crisis, banks had to think about large scale restructuring to shore up balance sheets. Current business environment adds further complexities as bankers aim at boosting revenue while reducing costs. Oracle’s Darren Cherry shares his views on possible strategies to boost revenue with the right adoption of technology. Find out more.