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Increasing regulations and business requirements are placing greater demands on banks to provide timely and accurate information. Financial institutions must allow for proper integration of finance and risk measures as a cornerstone for appropriate business planning and capital allocation optimization process. Faced with this significant challenge, financial institutions are looking to embrace a framework that allows them to comply with strict statutory financial and regulatory reporting deadlines by reducing the time taken during the closing process.
Historically, the siloed nature of risk and finance platforms has precluded the majority of institutions from wholly committing to concepts such as risk-adjusted performance and integrated business planning. Oracle's Financial Services Analytical Applications uniquely enable financial services institutions to align risk, performance, and accounting functions on a common decision-making platform. As a result, banks can more readily measure and meet risk-adjusted performance objectives, price products to reflect their true risk, and better understand how their institution is impacted by threats to liquidity, capital adequacy, and exposure to market rate volatility.
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