Financial Services Accounting and Regulatory Compliance Solutions
Minimize the impact of rapidly changing accounting and regulatory reporting requirements on your business with Oracle's accounting and regulatory compliance solutions for financial institutions. Transform costs into savings and focus on profit using a unified data model and future-proof financial services accounting software.
Streamline financial reporting with instrument-level accounting.
Explore accounting and regulatory compliance solutions
Remain confident with auditors and regulatory authorities and reduce costs with a modern, future-proof solution. Automate financial and regulatory compliance from data capture and consolidation to computation and submission.
Make a positive impact on climate change, transition to a low-carbon economy, and achieve sustainability goals
Oracle Financial Services Climate Change Analytics Cloud Service is a reporting and analytics solution for financial institutions that provides climate change data sourcing, storage, and analytics for internal, statutory, and management reporting. It helps organizations to achieve statutory compliance, reduce climate change–related risk, and integrate climate risk into credit, reputation, and market risk management and the investment decision-making process.
Features
- Perform carbon accounting by calculating greenhouse gas (GHG) emissions for Scope 1, 2, and 3 reporting classifications, emission categories, and asset classes.
- Confidently calculate and disclose customer emission numbers for financed, facilitated, and avoided emissions and emissions removal based on the Partnership for Carbon Accounting Financials (PCAF) guidelines.
- Use a climate scorecard framework to calculate and assign a climate rating to each counterparty and perform advanced analytics.
- Gain a holistic view of climate change impacts and operations across legal entities, lines of business, regions, products, and customers.
- Get out-of-the-box support for major emission factor database sources, including the Department for Environment, Food & Rural Affairs (DEFRA), Environmental Protection Agency (EPA), United Nations Framework Convention on Climate Change (UNFCC), GHG Protocol, PCAF, International Financial Institutions (IFI), and more.
- Access more than 100 prebuilt, cross-jurisdictional climate change reporting disclosures, analytics, and visualizations for the International Sustainability Standards Board (ISSB), Task Force on Climate-related Financial Disclosures (TCFD), and European Sustainability Reporting Standard (ESRS) as recommended by the European Financial Reporting Advisory Group (EFRAG) under the Corporate Sustainability Reporting Directive and Securities and Exchange Commission (SEC).
Simplify data across the accounting record-to-report process
Oracle Financial Services Accounting Foundation helps financial institutions streamline current accounting processes and reconcile the general ledger (GL) with instrument or policy ledgers. It does this by providing the accounting platform with detailed event-, transaction-, and instrument-level data from core banking and insurance systems.
Features
- Reduce time to close with a “thin” ledger design for the GL chart of accounts.
- Produce accurate financial reporting, including statutory, regulatory, and management reporting.
- Optimize accounting operations with reconciled instrument- and policy-level balances, executed in parallel to the GL process.
- Govern processes and data for accounting, financial reporting, and related audits and analysis.
- Analyze balance and reconciliation information with the support of an extensive catalog of analytics, reports, and dashboards.
Bring transparency to insurance contracts
Address IFRS 17 with Oracle IFRS 17 Analyzer, an end-to-end modern insurance accounting solution. Integrate seamlessly with your existing infrastructure, and link data, models, and processes between actuarial and accounting teams.
Features
- Configurable calculation templates for transparency, auditability, and traceability
- Prebuilt with subledger integration
- Seamless integration with Oracle Fusion Accounting Hub
- Option to compute contractual service margins at the contract level or cohort level
- Compatible with Oracle’s IFRS 9 and LDTI solutions
Prepare for a new era of financial reporting
Oracle Financial Services IFRS 9 Solution features a modularized design. The IFRS 9 application allows for easier integration and enables financial institutions to leverage existing data management and analytical applications.
Features
- Single, comprehensive IFRS 9 solution with a common results area
- Exhaustive techniques and models for expected credit loss reconciliation/attribution analysis and amortization of deferred balances
- Common IFRS 9 application infrastructure and data model/source
Manage liability of policy benefits for long-term contracts
Built on an integrated risk and finance architecture, Oracle LDTI Analyzer offers data aggregation capabilities, discounted liability calculations, measurement of market risk benefits, and deferred acquisition cost amortization.
Features
- Prebuilt, flexible insurance data model to accelerate implementation
- Configurable calculation templates for transparency, auditability, and traceability
- Scalable store volumes of historical and future calculations, present value, cash flows, and more
- Unified platform for finance and actuarial data, next-generation analytics, and business modeling
- Compatible with Oracle’s IFRS 9 and IFRS 17 solutions
Future-proof current expected credit loss and provisioning
Automate provisioning calculations using a highly configurable application that maintains data integrity and reconciliation across risk, finance, and accounting systems.
Features
- Exhaustive, comprehensive data lineage and data governance with extensive depth of data and traceability capabilities
- Preconfigured with intelligent analytical models and business rules
- Ability to generate forward-looking credit risk parameters and perform reserve adjustments
- Key disclosure reports through Oracle Business Intelligence
Turn FRTB compliance into a strategic business process
Oracle’s FRTB solution enables the proactive and accurate measurement, evaluation, monitoring, and management of the risk of loss in the trading book. It helps to comply with capital calculations for both the standardized and internal models approaches.
Features
- Full suite of capabilities to support both the internal models and standardized approaches
- Robust pricing delivered by market-leading Numerix engines
- Unrivalled data management and governance framework
- Integrated risk and finance data model ensuring BCBS 239 compliance for risk data aggregation
Address end-to-end requirements for OECD domestic guidelines
Perform full regulatory compliance, due diligence, and regulatory reporting—including corresponding e-file reports—for OECD domestic guidelines. Reduce implementation risk by using industry-leading compliance architecture and data models.
Features
- Highly flexible and customizable rules engine for multiple jurisdiction requirements
- Full compliance and regulatory reporting workflow, generating bulk reports and approvals
- Future-proof platform for multiple lines of business, countries, and languages
- Workflow automation to populate, search, and review reports and e-file approved CRS reports
Manage regulatory compliance and reporting in an integrated environment
Solve data challenges and reporting transparency issues with Oracle’s US regulatory reporting solution. Automate regulatory reporting from data collection to submission with a best-in-class data foundation and integration with VERMEG.
Features
- Full support for the data point model taxonomy required for FINREP and COREP reporting
- Information sharing between multiple lines of business and other key stakeholders
- Complete transparency and data lineage throughout the application
- Ability to monetize data use to drive managerial decisions and strategic business insights
Why choose Oracle’s accounting and regulatory compliance solutions?
Capitalize on compliance and drive performance with integrated regulatory reporting software and an intelligent risk-aware accounting solution for financial services.
01A single source of truth across the organization
Get better control over data quality and consistency across risk and finance reporting with a conformed dimensional data repository.
02Modern analytics and faster, actionable insights
Reduce unnecessary costs and maximize investments using a modern, future-proof platform that can address changing business and regulatory requirements.
03Integrated risk and finance reporting made easy
Automate financial and regulatory reporting from data capture and consolidation to computation and submission to regulatory authorities.
Accounting and regulatory reporting resources
A practitioner’s view of climate risk taxonomies
As banks look to achieve carbon neutrality, they must understand what economic activities are sustainable. Learn about the criteria to consider when evaluating the extent to which a financial asset can support stated sustainability goals.
Address FRTB with Oracle Financial Services
The Oracle Financial Services FRTB solution brings in capabilities from Numerix that provide financial institutions with the visibility and flexibility required to comply with the FRTB standards.
Additional risk and finance solutions
Balance sheet management
Optimize reward versus risk with accurate, up-to-date financial information.
Data management
Modernize data management and improve decision-making with a unified data model.
Enterprise risk management
Get consistent, verifiable results in risk measurement, management, and mitigation.
Profitability management
Maximize profit and control costs with greater confidence.
Get started with Oracle’s accounting and regulatory compliance solutions
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