Friday Jul 10, 2015

Oracle Featured in Oliver Wyman’s Report on Vended Stress Testing Systems

Vice President of Oracle Financial Services Analytical Applications (OFSAA), Ambreesh Khanna, reports on Oliver Wyman's report ‘Stress relief: Are vended systems the answer?’.  The leading global management consulting firm, reported on nine major providers of stress testing solutions. The report revealed delves further into what stress testing systems can deliver, and looks at the standard vended system capabilities against five process steps required to complete a stress test. 

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Thursday Jul 09, 2015

Eliminate the Vulnerability in Model Risk Management in Banking

To adequately reduce risks inherent in bank models, a comprehensive and sustainable model risk management program should take into account a number of critical components. Join Garima, Senior Sales Consultant for Oracle Financial Services Analytical Applications, as she walks us through these components.

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Tuesday Nov 11, 2014

Compliance Risk Assessment: Are Tier 1 Banks doing it Right?

In this post, Garima Chaudhary, Senior Sales Consultant for Oracle Financial Services Analytical Applications, discusses today's stringent regulatory environment in the financial industry. Due to the nature and levels of risks inherent to their business activities, tier 1 financial institutions should have a compliance risk management framework that enables them to identify, monitor, and effectively control the compliance risks facing their entire organization. As a result, compliance risk management has emerged as key business concern across the globe.
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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 Nov 05, 2014

Forecast, Model, Repeat… Welcome to the 5th Annual CCAR Cycle

In this post, David Bomser, Senior Director for Banking Analytics at Oracle, discusses new CCAR exercises.  For bank holding companies with more than $50 billion in assets, it’s time to get moving if you haven’t already.  The Federal Reserve just released its scenarios and shocks for the 2015 Comprehensive Capital Analysis & Review (CCAR) exercise, and these banks’ capital plans are due on or before January 5, 2015.  Read more here.

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Wednesday Oct 29, 2014

Winning the Battle Against Financial Crime in the Era of Real-Time Payments

In his post, Stuart Houston, Global Solution Manager for the Financial Services Global Business Unit at Oracle, discusses the dangers behind real-time payments and fraud.  Today, banks are generally quick to detect fraudulent activity; however, fraud is still one of the fastest growing crimes in Australia. Learn more about what was discussed at executive luncheons in Sydney and Melbourne on the topic of real-time fraud detection and management.
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Wednesday Oct 15, 2014

Five Key Questions for Your BCBS 239 Data Governance Strategy

Join Bhargava, VP of Product Management for Oracle Financial Services Analytical Applications, as he reviews the five key questions that every bank should ask themselves when evaluating their organization's data governance policy.  Isn't compliance on its own enough of a challenge?  When it comes to BCBS 239, compliance by the January 2016 deadline presents a whole new hurdle for some banks and financial institutions to overcome.  However, there are several approaches banks can take to alleviate the complexity of the situation.  Read more from Bhargava S.

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Tuesday Oct 07, 2014

Are Enterprise Metadata Servers making a Comeback?

Sunil Mathew, Senior Director for Oracle Financial Services Analytical Applications, discusses the increasing trend in integration with IT led metadata initiatives at banks. Read more about enterprise metadata management and how it is gaining more prominence these days. Is it the changing technology landscape coupled with new business imperatives that are driving this trend? 
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Tuesday Sep 30, 2014

Credit Management in the Time of Quantitative Easing

Easy money is drying up, with central banks the world over tightening their monetary policies. A general strengthening of lending norms and greater central bank scrutiny of loans portfolios are also on the anvil. To succeed, then, banks need to particularly focus on their credit management strategies. "But do they have the tools?", asks Karthick Prasad, Vice President for banking products.
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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]

Tuesday Sep 02, 2014

Know, Empower And Wow Customers: Making Customer Insight Analytics Actionable

In this post, David Bomser, Senior Director for Oracle Financial Services Global Business Unit, describes his take on Customer Insight.  Since today’s banking customers are spoiled by other industries, especially non-bank financial services provides such as PayPal and Amazon, they now demand that their banks know them, empower them, and wow them.  Good customer insight analytics can aid banks in making sound decisions on treating customers and improve a customer’s lifetime value.  Read more.
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Thursday Aug 14, 2014

The Next Generation of Analytics: Are Financial Institutions Prepared?

In this post, Ambreesh Khanna, VP of Product Management for Oracle Financial Services Analytical Applications, tackles Analytics 3.0.  Today’s consumers have high expectations − and for good reason.  They have become accustomed to, and are increasingly likely to demand, anytime/anywhere connectivity and access to the products, services, and information they desire and need.  As these expectations carry over to their banking relationships, banks are focused on keeping pace with rapidly changing requirements.  Analytics is on the front-lines of this quest.  Just like customer expectations are evolving, so too are analytics solutions.  Are banks prepared to adopt and benefit from next-generation solutions?
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Wednesday Jul 02, 2014

Model Risk Management In Banking: You Are Vulnerable Without These 3 Lines of Defense

Throughout the years, financial institutions have become heavily dependent on various models for risk calculations, performance management, anti-money laundering, fraud detection, credit risk management, etc.  Advanced models are very useful when it comes to dealing with large amounts of complex data and decision making; however, when used incorrectly they can lead to drastic implications as well.  Effective model risk management can be achieved if you follow 3 lines of defense.  Join Krishnamurthy Venkatraman, Senior Principal Product Manager for Oracle Financial Services Analytical Applications, as he discusses these 3 lines of defense.
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Wednesday May 07, 2014

Customer Centric Banking Experiences: Where Banks are Falling Short and How They Can Deliver By Mark Atherton

Banks know that they must recreate the banking customer experience. Join Mark Atherton, Group Vice President of the Financial Services Business Unit, as he shares his personal experiences  and shows us how origination can be a possible starting point for banks to catch up with their customers on this front.
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Boardroom Conversations: Are Dodd Frank Stress Test Results the New Bellwether of the Banking Industry?

stress testingWith stress tests now becoming a bellwether of overall financial health, banks realize that any weaknesses in their stress testing processes and the resultant output will be open to scrutiny to the wider public.  The potential damage of this transparency is real, to both the bank itself and its shareholders. With that in mind, most banks have embarked on strengthening their stress testing capabilities and embedding the processes across the business, to ultimately assist the Boardroom to make better decisions and be better prepared for the next crisis that comes along.  Join Ziauddin Ishaq, Global Solutions Lead for Liquidity Risk at Oracle, as he discusses possible ways to lessen the stress of stress tests.
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Wednesday Apr 30, 2014

A Man Walks Into A Bank… A Lesson In Liquidity Risk Management For All Of Us

Given the severity of the recent liquidity crisis, the US has placed greater emphasis on how banks manage their liquidity risk.  To avoid a liquidity meltdown, a bank, must look at its liquidity profile in a far more dynamic and questionable way, which will require even more data collection and analysis.  Join Ziauddin Ishaq, Global Solutions Lead for Liquidity Risk at Oracle, as he discusses why a change in the approach to risk management is necessary and how banks can stay ahead of the liquidity risk curve.
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Wednesday Mar 12, 2014

Are You Empowering Your Customers? Using Customer Insight To Provide A Better Banking Customer Experience

Customer Insight is a constantly evolving discipline, with many different starting points, but one common goal – actionable, timely, trusted and relevant information to guide customer experience.  Join Stuart Houston, Global Solution Director for Financial Services Analytics at Oracle, as he discusses growing trends in Customer Insight.
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Thursday Feb 20, 2014

How Can Customer Insight Improve the Customer Experience in Financial Services?

Delivering great customer insights into marketing, origination and servicing has always been a top priority for financial institutions. The move towards a guarded “risk-on” business strategy in most markets has emphasized the need for institutions to be better aware of the performance and risk aspects of their business, as they strive to deliver sustainable growth through all assisted and self-service channels.  Join Stuart as he expands on the topic.
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Wednesday Feb 19, 2014

Time to Re-Model? A Look at Enterprise Modeling Platforms and R Usage in Banking

The open source R statistical platform has grown to be an enormously popular statistical modeling platform for Enterprise Risk, Financial Fraud and other Financial Services use cases, and for good reasons.  However, the R platform is only an element of an overall enterprise analytics platform.  Join Sunil as he shares with us his thoughts on why banks should expect a fresh approach to solving their enterprise analytics challenges.
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Wednesday Feb 12, 2014

Top 3 Myths About FATCA: What You Need To Know

There are three goals that Foreign Financial Institutions should focus on to address FATCA requirements. Join Don Ryu, Senior Director, Product Management for Oracle Financial Services Analytical Applications, as he discusses the first goal: Avoid Penalties by acquiring “Compliant” Status. In this post, Don addresses why it is so important for Foreign Financial Institutions to prove their compliance to FATCA.
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Monday Feb 10, 2014

Financial Services Blog Quarterly Roundup

Over the past year The FS Blog authors have written on a wide variety of topics ranging from big data and analytics to customer experience and core transformation within banking. Join me as I introduce you to some of the trending topics in the New Year and insights on them from our business and product leaders.
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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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Wednesday Nov 20, 2013

Managing Enterprise GRC and Big Data: Risk vs. Reward

As discussed in Matthew Long's previous blog post, effectively managing risk is a big challenge for financial institutions. Two of these factors are big data and risk vs. reward and, in this post, Lovell Mathews, Oracle Software Development Senior Manager, discusses the second approach and how it can benefit the governance, risk and compliance process.
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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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