Tuesday Jan 27, 2015

Oracle Ranked as Category Leader in 2014 Chartis Financial Crime Risk Management Report

Vice President of Oracle Financial Services Analytical Applications (OFSAA), Ambreesh Khanna, reports on Chartis' 2014 Category Leaders in Financial Crime Risk Management.  The leading provider of research, covering the global market for risk management technology, ranked Oracle as a top provider of the solutions firms need to solve financial crime, regulatory, compliance and fraud issues. The findings revealed the strength of Oracle's technology - the OFSAA Financial Crime and Compliance portfolio of applications deliver high-volume and low-latency suspicious transaction detection.  Read more here.
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Thursday Nov 06, 2014

De-Risking AML & CTF: Are You Throwing the Baby Out with the Bathwater?

In this post, Matthew Long, Financial Crime and Compliance Management Global Solution Lead for Oracle Financial Services Analytical Applications at Oracle, defines the practice of exiting customer relationships. This approach (and the term de-risking) is becoming increasingly more prevalent and has drawn recent criticism from regulators and institutions, such as FATF who have concerns over the impact of these actions. Instead of dropping high risk business, companies are instead being urged to improve their risk financial crime and compliance frameworks and reap the potential benefits.

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Wednesday Sep 24, 2014

Landmark US Terrorist Financing Ruling & Latest EU Risk & Vulnerability Report Raises Serious Concerns

Matthew Long, Financial Crime and Compliance Management Global Solution Lead for Oracle Financial Services Analytical Applications, reports on this week's release of the US civil liability case results against Arab Bank for terrorist financing, which was closely followed by the latest EU report on risk and vulnerability in EU financial systems. Both give invaluable insight not only into the risks facing global financial institutions, but also what’s expected from a corporate/business conduct perspective.[Read More]

Wednesday Jul 09, 2014

Anti Money Laundering System Assurance: Don’t Leave Your AML Program to Chance

Matthew Long, Financial Crime and Compliance global Solution Lead for Oracle Financial Services Analytical Applications, discusses financial crime systems, AML in particular, and how they are increasingly turning to one of assurance. What checks and controls are in place to ensure that the systems are effective, relevant to today’s AML challenges and are performing as they were intended? [Read More]

Wednesday Jan 29, 2014

Tackling The New Basel Committee Guidelines on AML/FT Risk Management

Last week, the Basel Committee on Banking Supervision issued a set of guidelines describing how banks should include the management of risks related to money laundering and financing of terrorism (AML/FT) within their overall risk management framework.

Join Matthew Long, Financial Crime, Operational Risk and Compliance Management Specialist for Oracle Financial Services, as he expands on these guidelines and outlines what organizations can to do manage AML/FT risks.

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Tuesday Jan 07, 2014

New Regulatory Measures Against Money Laundering: Are You Ready?

Financial Services Institutions are taking a fresh look at their anti money laundering systems with an eye toward expanding automation, improving performance, standardizing processes, and improving transparency.

Join Don Ryu, Senior Director – Product Management for Oracle Financial Services Analytical Applications, as he discusses why financial institutions should improve their AML systems and how their investments will protect them in the future.

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Friday Nov 08, 2013

Big GRC: Turning Data into Actionable GRC Intelligence

Effectively managing risk is a big challenge for financial institutions, the manifold aspects of which can affect the best way to approach it.  Two of these factors are big data and risk/reward and, in this post, Matthew Long, Financial Crime Specialist, discusses the first approach and how it can benefit the governance, risk & compliance process.
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Wednesday Mar 27, 2013

Overcoming GRC Silos Through Analytics and Reporting

grc silosIn the previous post "When best of breed financial crime and compliance “point solutions” aren’t enough), Matthew talked about how many companies are increasingly looking to consolidate their various operational risk, compliance, audit and business continuity solutions. Join him now as he shows how to reap some early gains on this front through consolidated analytics and reporting.

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Tuesday Mar 19, 2013

When Best of Breed Financial Crime and Compliance “Point Solutions” Aren’t Enough

compliance grc fccmWhat can financial institutions do to avoid becoming another regulatory statistic and help strengthen their internal control framework and defences against nefarious criminals, incompetent employees or simply bad luck? Join Matthew as he arms you with his checklist to safeguard your institution’s reputation from these risks by adopting a unified approach.

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