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...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There is enough evidence that smaller banks are equally vulnerable for...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There is enough evidence that smaller banks are equally vulnerable for financial crime, like large multi jurisdiction banks. Hence, the increased regulatory scrutiny for smaller banks in recent years. This led to major investment in financial crime & compliance program. Key areas within compliance programs are Know Your Customer, Transaction Monitoring & Case Investigation. Increased...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There is enough evidence that smaller banks are equally vulnerable for financial crime, like large multi...
Blog By: Matthew Long, Director, Financial Crime & Compliance Management Solution Consulting, Oracle Financial Services For the majority of small to medium...
Blog By: Matthew Long, Director, Financial Crime & Compliance Management Solution Consulting, Oracle Financial Services For the majority of small to medium sized institutions, money laundering and financial criminality may seem like an issue confined to the news – something that only happens to global players operating high risk products, in higher risk countries. However, the reality is that smaller institutions may now be more at risk of being caught up in money laundering...
Blog By: Matthew Long, Director, Financial Crime & Compliance Management Solution Consulting, Oracle Financial Services For the majority of small to medium sized institutions, money laundering and...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for at least as long as money has been around. We’ve come...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for at least as long as money has been around. We’ve come a long way from tax fraud being committed by hiding extra grain underground, but criminals still follow the same principle of anonymity and hiding. A recent article by Global Financial Integrity reported that the combined annual value of 11 different transnational criminal markets was between US$1.6 trillion to US$2.2...
Blog By: Matthew Long, Director Financial Crime and Compliance Solutions Financial crime has existed for at least as long as money has been around. We’ve come a long way from tax fraud being...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There are more than 3000 Free Trade Zones (FTZs) around the world with a...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There are more than 3000 Free Trade Zones (FTZs) around the world with a total turnover in the billions of dollars. The largest FTZ is Hong Kong and second largest is Colon, Panama. FTZs are designed to support the development of exports, foreign direct investment (FDI), and local employment. In addition to boosting economic opportunity, these incentives can create opportunities for money...
Blog by: Garima Chaudhary, Oracle Financial Crime and Compliance Management Specialist There are more than 3000 Free Trade Zones (FTZs) around the world with a total turnover in the billions of...
Blog by: Matthew Long - Director, Financial Crime & Compliance Solution Consulting We live in a time where news of the next banking or supervisory authority...
Blog by: Matthew Long - Director, Financial Crime & Compliance Solution Consulting We live in a time where news of the next banking or supervisory authority being drawn into a money laundering scandal is a matter of when, not if. The now infamous ‘Troika Laundromat’ serves as the latest stark reminder, with the OCCRP (Organised Crime and Corruption Reporting Project) reporting a complex network of 75 offshore shell companies have been used to channel billions of US dollars...
Blog by: Matthew Long - Director, Financial Crime & Compliance Solution Consulting We live in a time where news of the next banking or supervisory authority being drawn into a money laundering scandal...
