Monday May 16, 2016

From FATCA to GATCA: The Making of Global Tax Network (Part 2)

In the second part of the blog series From FATCA to GATCA: The Making of Global Tax Network, Oracle Financial Services Analytical Applications Consultant, Gaurav Kesarwani, builds on the context set up in the first post and discusses how GATCA is different from FATCA.
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Thursday May 12, 2016

A single regime for data: Management of risk becomes management of business

Howard Mather, Oracle Financial Services Principal Sales Consultant, discusses how data increases value once it becomes more useful. 
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Monday May 09, 2016

Greater visibility boosts profitability and performance

Howard Mather, Oracle Financial Services Principal Sales Consultant, discusses the value of delivering actionable insights and accessible data.
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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 21, 2016

Live from ACAMS: Woman on the Street

Our woman on the street, Kim Tyler, Oracle Financial Services Product Manager, discusses the hot topics she saw at ACAMS in her first video blog.
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Wednesday Mar 09, 2016

Big Data: From Hype to Insight - Part 1 Landscape and Architecture

In his first post of the four part series, Big Data: From Hype to Insight, OFSAA consultant Gaurav Kesarwani discusses Big Data landscape and architecture. After defining big data and reviewing interesting data sources, Gaurav focuses on creating a unified architecture to organize and leverage big data.  Stay tune for his second post: Big Data Infrastructure and Technology.

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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 Dec 02, 2015

How to Gain an Enterprise-Wide View of Model Risk

Financial Institutions maintain model critical information on a silo’d basis and as a natural extension of the same, the risks arising from these models are also managed on a silo’d basis. This causes a challenge for senior management to get an enterprise-wide view of the risks arising out of models used across the organization. Therefore, there is a need to adopt an enterprise-wide approach when it comes to model risk breaking divisional silos. Read the latest blog post from Krishnamurthy Venkatraman, Senior Principal Product Manager for Oracle Financial Services Analytical Applications, to learn how financial institutions can gain an enterprise-wide view of model risk.
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Wednesday Oct 14, 2015

Model Risk Management: A CCAR Perspective

Model risk is not a new concept to financial services institutions. However, while financial institutions are undertaking model risk as a calculated risk for conducting business, regulators have started emphasizing the need for effective model risk management and governance. Join Krishnamurthy Venkatraman, Senior Principal Product Manager for Oracle Financial Services Analytical Applications, as he reviews the Supervisory Guidelines on Model Risk Management and how financial institutions should be strengthening their MRM framework and governance.
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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]

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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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 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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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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