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.
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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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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 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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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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