Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist Smaller banks are equally vulnerable to financial crime just like large...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist Smaller banks are equally vulnerable to financial crime just like large multi-jurisdiction banks – thus exposing them to greater regulatory scrutiny. This has led to increased investment in financial crime & compliance programs such as Know Your Customer, transaction monitoring & case investigation. Increased regulatory expectation has amplified the costs and burden of compliance management...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist Smaller banks are equally vulnerable to financial crime just like large multi-jurisdiction banks – thus exposing...
Blog By: Julien Mansourian, Strategy and Transformation Executive. Blockchain has been touted as the solution to replace the many ageing processes powering...
Blog By: Julien Mansourian, Strategy and Transformation Executive. Blockchain has been touted as the solution to replace the many ageing processes powering financial services and it may just be the answer to stop money launderers and financial criminals in their tracks. What is blockchain? Blockchain is a sequential distributed and encrypted database found in cryptocurrencies derived from Bitcoin. It has become a tool for maintaining transparent and distributed ledgers that...
Blog By: Julien Mansourian, Strategy and Transformation Executive. Blockchain has been touted as the solution to replace the many ageing processes powering financial services and it may just be...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for as long as money has. Although we’ve come a long way...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for as long as money has. Although we’ve come a long way from hiding grain underground, but financial criminals still follow the same principle of anonymity and hiding. Transnational financial crime is good business. A recent article by Global Financial Integrity, reported that it is valued to be between US$1.6 trillion to US$2.2 trillion in 2017 11 different markets. ...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for as long as money has. Although we’ve come a long way from hiding grain underground, but...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist We’re not saying free-trade zones (FTZ) are a hotbed of financial crime....
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist We’re not saying free-trade zones (FTZ) are a hotbed of financial crime. But given its duty- and tax-free status, these jurisdictions tend to attract money laundering, terrorism financing and other criminal activities, in addition to legitimate businesses. Blind Men and the Financial Crime Elephant The scope and degree of Customs control over the goods introduced, and the economic...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist We’re not saying free-trade zones (FTZ) are a hotbed of financial crime. But given its duty- and tax-free status,...
At Sibos in London Sept 23-26, Oracle will feature 10 enterprise-ready FinTechs, 3Forge, Amenity Analytics, BankiFi, Gapsquare, IPsoft, Personetics, Perx,...
At Sibos in London Sept 23-26, Oracle will feature 10 enterprise-ready FinTechs, 3Forge, Amenity Analytics, BankiFi, Gapsquare, IPsoft, Personetics, Perx, Previse, Quant Network, The Logic Value who are leveraging Oracle Cloud technology and Oracle Banking APIs to improve security, reliability, data privacy and regulatory compliance for banking. View detailed profiles of the 10 FinTechs here: Meet the FinTechs Each fintech is part of Oracle for Startups, a unique acceleration...
At Sibos in London Sept 23-26, Oracle will feature 10 enterprise-ready FinTechs, 3Forge, Amenity Analytics, BankiFi, Gapsquare, IPsoft, Personetics, Perx, Previse, Quant Network, The Logic Value who...
Blog By Garima Chaudhary, Financial Crime and Compliance Management Specialist, Oracle Financial Services As regulatory scrutiny increased, and monitoring...
Blog By Garima Chaudhary, Financial Crime and Compliance Management Specialist, Oracle Financial Services As regulatory scrutiny increased, and monitoring systems started to generate an enormous number of cases, the option institutions had was to increase manpower to handle the workload. Increasing the manpower have drastically increased the cost of compliance. Such increasing costs have caused enterprises to start looking at advance analytics and data scientists as smarter...
Blog By Garima Chaudhary, Financial Crime and Compliance Management Specialist, Oracle Financial Services As regulatory scrutiny increased, and monitoring systems started to generate an...
Blog By: Amit Malik, Director, Financial Crime and Compliance Management Solutions, Oracle There is a trend of increasing scrutiny on financial crime by...
Blog By: Amit Malik, Director, Financial Crime and Compliance Management Solutions, Oracle There is a trend of increasing scrutiny on financial crime by regulators across the globe. As a result, most sizeable FI’s have initiated investments to progress to the next level of maturity for their anti-financial crime (AFC) programs. However, small to mid-sized financial institutions or other businesses such as real estate, legal, casinos, money remitter’s, struggle to gain...
Blog By: Amit Malik, Director, Financial Crime and Compliance Management Solutions, Oracle There is a trend of increasing scrutiny on financial crime by regulators across the globe. As a result, most...
Oracle retains its 2nd best risk tech provider position in Chartis RiskTech100® 2019 Oracle won 5 category awards while being ranked 2nd in the Chartis...
Oracle retains its 2nd best risk tech provider position in Chartis RiskTech100® 2019 Oracle won 5 category awards while being ranked 2nd in the Chartis RiskTech100® 2019 for the 3rd consecutive year. Chartis is a leading research and analysis firm that specializes in analyzing the systems, products, vendors, applications and trends in the global risk technology market. RiskTech100® – the most comprehensive independent study of the world’s major players in risk and...
Oracle retains its 2nd best risk tech provider position in Chartis RiskTech100® 2019 Oracle won 5 category awards while being ranked 2nd in the Chartis RiskTech100® 2019 for the 3rd...
Oracle part of "Team Citadel" which won first place in the TechSprint "It takes a network to defeat a network." One of the key themes that emerged from the...
Oracle part of "Team Citadel" which won first place in the TechSprint "It takes a network to defeat a network." One of the key themes that emerged from the United Kingdom Financial Conduct Authority's 2019 AML & Financial Crime TechSprint was the importance of data and knowledge sharing amongst relevant bodies in identifying and impeding complex criminal networks. Ten cross-industry teams, with more than 100 participants, competed in this year's event, as well as...
Oracle part of "Team Citadel" which won first place in the TechSprint "It takes a network to defeat a network." One of the key themes that emerged from the United Kingdom Financial Conduct...
