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 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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Monday Sep 29, 2014

In Transaction Banking – Is Customer Centricity Through Billing the New Black?

In the last few years, customer-centricity has been one of the most talked-about trends in transaction banking. While banks have always been focused on their corporate customers, a recognition that this group is not to be taken for granted has taken hold. One reason – global transaction banking continues to be a major growth area for banks – surpassing investment and commercial banking in the post-crisis era.Join Akshaya as he discusses the increased importance of customer centricity through billing.
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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 Jul 02, 2014

Model Risk Management In Banking: You Are Vulnerable Without These 3 Lines of Defense

Throughout the years, financial institutions have become heavily dependent on various models for risk calculations, performance management, anti-money laundering, fraud detection, credit risk management, etc.  Advanced models are very useful when it comes to dealing with large amounts of complex data and decision making; however, when used incorrectly they can lead to drastic implications as well.  Effective model risk management can be achieved if you follow 3 lines of defense.  Join Krishnamurthy Venkatraman, Senior Principal Product Manager for Oracle Financial Services Analytical Applications, as he discusses these 3 lines of defense.
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Wednesday May 07, 2014

Customer Centric Banking Experiences: Where Banks are Falling Short and How They Can Deliver By Mark Atherton

Banks know that they must recreate the banking customer experience. Join Mark Atherton, Group Vice President of the Financial Services Business Unit, as he shares his personal experiences  and shows us how origination can be a possible starting point for banks to catch up with their customers on this front.
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Wednesday Mar 12, 2014

Are You Empowering Your Customers? Using Customer Insight To Provide A Better Banking Customer Experience

Customer Insight is a constantly evolving discipline, with many different starting points, but one common goal – actionable, timely, trusted and relevant information to guide customer experience.  Join Stuart Houston, Global Solution Director for Financial Services Analytics at Oracle, as he discusses growing trends in Customer Insight.
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Thursday Feb 20, 2014

How Can Customer Insight Improve the Customer Experience in Financial Services?

Delivering great customer insights into marketing, origination and servicing has always been a top priority for financial institutions. The move towards a guarded “risk-on” business strategy in most markets has emphasized the need for institutions to be better aware of the performance and risk aspects of their business, as they strive to deliver sustainable growth through all assisted and self-service channels.  Join Stuart as he expands on the topic.
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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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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.

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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.

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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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Tuesday Sep 17, 2013

In a World of Complex Banking Regulations: Perhaps Less means More!

The combination of new banking regulations with an increasingly uncertain business environment, has led to the realization within the financial services industry that the disciplines of model risk management, liquidity risk management, and risk data aggregation are interrelated business obligations. 

Join Subin Paul as he discusses the regulations and challenges financial institutions face today.

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Wednesday Aug 21, 2013

National Australia Bank Making Bold Changes to Secure Its Future by Integrating Risk and Finance

nab transformationLike most financial institutions, National Australia Bank (NAB) found that the traditional rules of banking no longer applied. In today’s extremely challenging and low growth environment, it needed to transform itself in a bold manner. This video tells how NAB has gained global attention with its overhaul of enterprise risk and finance.  Hear how they have begun to break down the traditional barriers of enterprise wide visibility and improve the efficiencies required for its future success.

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Wednesday Jul 17, 2013

The New World of Risk Management and Data Excellence: Avoid These Data Modeling Mistakes Upfront

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.

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Friday Jul 12, 2013

Operational Risk: Going Beyond Capital Calculations and Adding Business Value

OpRisk Europe 2013With the ever increasing and complex Operational Risk challenges and requirements facing regulated companies, it was perhaps no coincidence that the recent OpRisk Europe Conference  saw increasing and possibly record numbers of attendees as firms look for the best way to navigate these challenges.

Join Matthew Long, Financial Crime and Compliance Specialist at Oracle Financial Services, as he discusses the OpRisk Europe Conference.
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