Big Data and Financial Crime and Compliance: A marriage made in heaven or one that's doomed to fail?
By Jenna Danko on Oct 02, 2015
Financial institutions as a whole have become so complex and the products they sell have developed at such a rapid pace that their own risk infrastructure has not kept pace. Read on to find out how your organization can stay up to date with regulatory requirements while growing.
When it comes to regulatory reporting, financial institutions feel increasingly boxed in. On one hand, the number, frequency, and complexity of reports continues to spiral, especially for global financial institutions. At the same time, regulators are strongly encouraging firms to spend more time on analysis and review. Please join Ambreesh Khanna of Oracle and Cliff Van Tonder of Lombard Risk as they discuss a comprehensive data-driven approach to regulatory reporting.[Read More]
Join Bhargava S., VP of Product Management for Oracle Financial Services Analytical Applications, as he answers the questions asked in a previous BCBS 239 blog post. In summary, banks need a strong analytical platform to achieve compliance and the greater goal of turning enterprise information into a strategic asset. The platform should support a bank's efforts to establish effective data governance as well as enhance their data infrastructure to easily monitor, manage and report risks back to regulators.
In his previous blog, John Foulley, Director for Financial Services Analytical Applications at Oracle, addressed the technology components you should consider to roll out initiatives that overlap both Risk and Finance.
Join him now as explains why the physical model is just as important to a business’ success as the logical data model.
Risk Managers and Risk Architects were enjoying a slow beginning of the year when the Basel Committee decided to release a new directive of risk data aggregation and risk reporting. Join John in this first of a four part series on the new age of risk management and data excellence as he walks us through the new directive, which sets the scene for additional requirements, and also creates the opportunity to address the shortcomings that exist in the areas of risk data.
Keep up to date on business and technology issues affecting financial services and hear from Oracle Financial Services' product and business leaders.