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Managing Customer Profitability From Insight to Execution

Meet increasingly demanding analysis and reporting requirements for regulatory, compliance, and performance mandates.

Bring new transparency

The IASB and FASB standards—IFRS 9 and CECL, respectively—were designed to help financial institutions to become more consistent and improve their interpretation of financial statements. Based on these changes, financial institutions require a solution to be flexible and configurable, which enables banks to take a custom approach based on their position and potential relative to the market.

Oracle Financial Services Analytical Applications offers a unified IFRS 9/CECL solution that uses a modularized design approach, which eases technology integration and enables institutions to perform granular calculations on a common set of data.

IFRS9 and CECL Standards

Gain a holistic view of all transactions

IFRS 17 brings new levels of transparency to insurance contracts and investment contracts with discretionary participation. The new standard is expected to fundamentally change the accounting process for all entities issuing insurance contracts.

The Oracle Insurance IFRS 17 solution allows insurers to address the financial accounting requirements of IFRS17 in a comprehensive manner. The solution enables the diverse insurance industry to measure and report liabilities and unearned profit per the new standard.

IFRS 17 Standard

Integrated risk and finance

Financial institutions benefit from having integrated risk and finance teams. This integration ensures the consistency of data leveraged across all decision-making teams within the organization. It enables data-driven business decisions by taking the guesswork out of the entire lifecycle, from planning and budgeting through ongoing performance management.

The Oracle Financial Services Enterprise Risk and Finance solution seamlessly hosts information that is common to both risk and finance and performs computations based on data from both departments.

Enterprise Risk and Finance

Support complex business decisions

In today's environment, financial institutions face a dual challenge of creating incremental growth in both topline revenue and in profitability. This is especially true within a low-growth environment where operating model changes are approached cautiously and disruptive technologies may be viewed as a threat. Traditional methods of performance measures alone will not provide insights for decision making.

Oracle Financial Services delivers a comprehensive, integrated suite of analytical applications for enterprise performance management, enabling institutions to manage risk and optimize shareholder value.

Profitability and Performance Management

Timely and accurate results

FDIC 370 was designed to facilitate the prompt payment of deposit insurance after the failure of a depository institution. This rule is another example of a regulation that requires institutions to have greater centralization and control of critical customer, product, and transaction data with more frequent processing. Similar regulations have caused many institutions to consider more integrated finance and risk platforms and operations.

Oracle Financial Services offers a complete, end-to-end solution that is integrated with our other risk and finance engines and leverages Oracle’s acclaimed financial services data model.

FDIC 370

Streamline the compliance process

Fundamental review of the trading book (FRTB) programs are painful, onerous, and expensive to implement. But with a clear vision that is backed up by the right investments in technologies, people, and processes, it can be turned into a strategic business process.

The Oracle Financial Services Analytical Applications solution creates a foundational system for the future that gives financial institutions the visibility and flexibility required to comply with FRTB standards.

Fundamental Review of the Trading Book
Industry Report

Dawn of a New Era in AML Technology

Arin Ray, senior analyst at Celent, writes about the growing pains in antimoney laundering (AML) operations, potential opportunities gained by leveraging advanced analytics, and its adoption trends and impact.

Resources

Discover Oracle Financial Services Risk and Performance Management

Gain insight from our perspectives on strategies, advanced detection, next-generation technology, and other topics that your organization is facing in a dynamic market.