back to the
main page
Oracle Releases New Details on Analytic Applications Road Map for Banks
As banks around the world adjust to a new environment brought on by the financial crisis, Oracle is releasing new details about how its next-generation analytic applications strategy can enable this transition for financial services customers.
Oracle's road map comes as banks undertake a fundamental shift in how they manage their operations. For example, almost 90 percent of the participants in a recent Ernst & Young survey of the world's largest banks said they're now managing for liquidity rather than exclusively for earnings or growth. In some cases, that means widespread changes to internal operations.
"While practices such as risk-adjusted performance management are well-worn terms, they have not been widely adopted," says Satyen Sangani, senior director of the Oracle Financial Services Global Business Unit. "One reason undoubtedly comes from the difficulties in implementing such projects due to siloed infrastructures, disparate systems, and fragmented decision-making."
Oracle's road map and strategy is to help companies break down those silos by enabling a new class of capabilities.
Oracle has a rich history in developing analytic solutions for financial services institutions. Acquisitions over the past several years have further broadened and deepened Oracle's footprint in the financial services industry. The next step is to merge the best-of-breed analytic functionality from its Oracle Financial Services Applications, Reveleus, Mantas, Siebel, PeopleSoft and Hyperion product lines into a next-generation suite of solutions, all on a single integrated platform.
Core to this strategy is a financial services-specific data model and a framework-based approach with common, reusable software objects across the applications.
"The linkage between risk and performance management is fundamental, and we are planning for our solutions to recognize the relationship," Sangani says. "In doing so, we can enable our customers to perform new types of analysis and calculations that cut across silos of information. In today’s turbulent environment, the need for such a new class of solutions is more critical than ever."
Oracle's complete integration strategy and highlights of planned new features in individual financial services analytic applications are detailed in the new white paper. Driving Management Excellence in Financial Services.
back to the top
|
