|
Today, banks need to be agile and responsive so that they can quickly adapt to changing markets and increasing customer demands. A process-centric approach for their business and technology architecture can help banks address such challenges.
Oracle Industry Reference Model for Banking is a comprehensive repository of pre-engineered generic processes for banking and capital markets. This pre-analyzed repository is enriched with best practices assimilated from our experience in offering specialized IT solutions to more than 840 financial institutions in over 130 countries.
Banks can leverage Oracle Industry Reference Model for Banking to:
- Standardize business processes by replicating best practices across business lines
- Redesign processes quickly and efficiently, saving the time and effort required to launch new products
- Optimize, measure, and audit enterprise-wide processes
- Bring about greater transparency in processes, policies, and workflows, making it easier to manage the multitude of compliance and control requirements
- Track and reduce the operational risk inherent at various activity levels
- Trigger their service-oriented architecture (SOA) initiatives
- Reduce training and maintenance overhead
The unique value of Oracle Industry Reference Model for Banking lies in its structure, depth, and comprehensive coverage. Its technology-independent framework provides the basis for subsequent translation of abstract process models into executable workflows. Workflows that provide end-to-end automation of banking transactions—on a single operating platform—serve as a foundation for offering insights into future performance
|
