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 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 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 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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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 Jul 30, 2013

Don’t Choose Your Enterprise Case Management System Without Reading This!

In today's age of combating financial crimes and keeping up with regulatory compliance, there are very few financial institutions whose compliance and fraud management departments have not toyed with the idea of an enterprise case management strategy. However, and unfortunately, very few institutions have tasted success in their strategy.

Join Gaurav Harode, Sales Consulting Director for Oracle Financial Services Analytical Applications, as he takes us through the steps for implementing a successful case management strategy.

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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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