Wednesday Jul 06, 2016

Regulatory Burden May Lead to the Emergence of “Risk Utilities”

New regulation forcing businesses to provide consistent and timely evidence of accountability are hitting processes and operating costs hard and are leading to the emergence of third-party, specialist "financial crime and compliance risk utilities." Join Matthew Long, Global Solution Lead at Oracle Financial Services, as he looks at the pros and cons of outsourcing compliance and risk to third parties.[Read More]

Tuesday May 03, 2016

From FATCA to GATCA: The Making of Global Tax Network (Part 1)

In the first part of the blog series From FATCA to GATCA: The Making of Global Tax Network, Oracle Financial Services Analytical Applications Consultant Gaurav Kesarwani reviews FATCA and its new big brother - GATCA. 
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Friday Apr 22, 2016

Live! From Oracle Industry Connect

Check out these video blogs, recorded LIVE from Oracle Industry Connect. Oracle Product Manager, Don Ryu, discusses the compliance and regulatory space for Financial Crime and Compliance.  In the second video, Oracle Product Manager, Kiran Jagannath gives an update on Customer Insight for Financial Services.
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Thursday Apr 07, 2016

The Umbilical Cord Between Business Model and Compliance

In her fifth video blog of the series, Saloni Ramakrishna discusses the fundamental connect between business model and compliance and how compliance has remained in the reactive stance due to a lack of appreciation of this connect.  She speaks of the two components of Business Model (BM) - Target Strategy Model (TSM) and Target Operating Model (TOM) and how compliance is at the core of Target Operating Model. Weaving compliance into the TOM creates the foundation for positive and active compliance that is a value multiplier.[Read More]

Monday Mar 21, 2016

Know Your Customer: Moving Beyond Regulatory Compliance Part 2

Gururaja Prasanna, Principal Sales Consultant at Oracle, continues the Know Your Customer journey in his most recent blog post. In his last post, he discussed the key challenges around a KYC program and will now continue to outline the best strategy on how to move beyond just checking the regulatory box and ensuring your KYC program is a sound business strategic initiative.[Read More]

Wednesday Mar 16, 2016

Lessons NOT Learned: A Video Blog

In her fourth video blog of the series and in line with the theme of real world issues, Saloni Ramakrishna discusses the lessons that the financial industry have NOT learned from failures, collapses, takeovers, bailouts and astronomical fines that grow more astronomical by the day. History has loads of examples where firms that have been in existence for a century or more have disappeared almost overnight and that is a reality to which financial services cannot afford to be blind. [Read More]

Thursday Mar 10, 2016

Know Your Customer: Moving Beyond Regulatory Compliance

Know Your Customer (KYC) and Enhanced Due Diligence (EDD) refer to operational tasks carried out by financial institutions in order to mitigate their risk exposure and to comply with anti-money laundering. However, financial institutions need to move beyond the challenges posed by this and see this activity as a way to boost customer satisfaction. Read more from Gururaja Prasanna, Principal Sales Consulting at Oracle.[Read More]

Wednesday Feb 17, 2016

Gray Areas and Myths of Compliance: A Video Blog

In Saloni Ramakrishna's third video blog, the Senior Director at Oracle and Author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions discusses the myths and conflicts around compliance.  Watch Saloni Ramakrishna's third video blog of the Compliance Risk Management Series.  The fourth video in the series "Lessons NOT Learned" coming soon.[Read More]

Monday Feb 15, 2016

Oracle Ranked as Category Leader in 2016 Chartis RiskTech 100®

Vice President of Oracle Financial Services Analytical Applications (OFSAA), Ambreesh Khanna, reports on the Chartis RiskTech 100® 2016.  The leading provider of research, covering the global market for risk management technology, ranked Oracle as a category winner in the categories for Core Technology; Risk Data Aggregation & Reporting; and Geographical sector: Americas. 

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Wednesday Jan 27, 2016

Drivers of Compliance in the 21st Century: A Video Blog

In Saloni Ramakrishna's second video blog, the Senior Director at Oracle and Author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions discusses what's driving compliance in the 21st century.  The classes of compliance drivers she reviews are Direct Drivers and Indirect Drivers.  Do watch Saloni Ramakrishna's second video blog of the Compliance Risk Management Series.  The third video in the series "Gray Areas, Myths, and Conflict Zones of Compliance" coming soon.
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Wednesday Jan 13, 2016

Interesting Shifts in the Compliance Space: A Video Blog

Introducing Saloni Ramakrishna, Senior Director at Oracle and Author of Enterprise Compliance Management - An Essential Toolkit for Banks & Financial Institutions, in her debut video blog series.  In her first post, Saloni Ramakrishna discusses interesting shifts in the compliance landscape.[Read More]

Wednesday Oct 14, 2015

How to Stay Ahead in The World of Financial Crime

Banks can no longer wait and see, they need to address their issues before it takes over. Banks need to apply a risk-based approach in order to take proportionate measures. Relationships should only be terminated when risks cannot be mitigated instead of cutting out entire jurisdictions. [Read More]

Thursday Oct 08, 2015

Adapt and Evolve in the New Regulatory Regime

According to the Office of the Comptroller of the Currency (OCC), the US supervisor will be looking ever more closely at how banks are adapting to evolving AML and cyber security threats, whilst maintaining a strong governance and oversight process, including documented gaps and timelines to close them.  Join Matthew Long, Financial Crime and GRC Management Global Solution Lead for Oracle Financial Services Analytical Applications, as he reviews some of the key focus areas from the OCC FY 2016 Operating Plan.
[Read More]

Friday Oct 02, 2015

Big Data and Financial Crime and Compliance: A marriage made in heaven or one that's doomed to fail?

Big data is a trendy topic right now, not only in financial services, but across all industries.  As the quantity of available data will most definitely continue to increase, especially in the financial services industry, is big data and financial crime and compliance management a marriage made in heaven or one that's doomed to fail?  Join Sasi Mudigonda, Senior Product Manager for Financial Services at Oracle, as he dives headfirst into a data lake.
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Monday Sep 28, 2015

Sophisticated Pricing Strategies: One Price DOES NOT Fit All

With a persistent low growth environment, a myriad of regulatory obligations and most banks running after a finite set of “good” customers, bank profitability is under great pressure. One niche lever in the hands of the banker in such a challenging environment is pricing. Join Kiran Jagannath, Vice President of Financial Services Analytics at Oracle, as he discusses the benefits of relationship-based pricing strategies and why one price DOES NOT fit all.
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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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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 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 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 Feb 05, 2014

Risk Data Aggregation & Risk Reporting: Will You Be Compliant With BCBS 239 Principles In Time?

As the financial services industry continues to grow, more money will be spent on risk data aggregation frameworks to support banks’ profitable business model. The Basel Committee wants to ensure banks are prepared if or when the next crisis hits. Join Ziauddin Ishaq, Global Solutions Lead for Liquidity Risk at Oracle, as he discusses the latest developments for BCBS 239 and how the financial services industry is preparing to take the necessary steps to compliance.
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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.

[Read More]

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.

[Read More]