Oracle Launches New Cloud Services for Bank Risk Management

Oracle today launched new cloud-native services that can help banks strengthen their finance and risk management processes to reflect their target risk appetite and limit exposure.

The four new services provide banks with highly scalable profitability management and customer analytics, funds transfer pricing, asset liability management, and cashflow forecasting. With these solutions, firms can get better insight into how threats, including changes in interest rates, liquidity, customer behavior, and market rate volatility can impact their business. With this intelligence, they can make more effective, data-driven decisions based on early warning signals, adjust their risk management strategies to avoid crisis, and continually measure risk-adjusted performance.

"Recent events demonstrate that financial institutions have an opportunity and obligation to better use data to understand and manage risk," said Sonny Singh, executive vice president and general manager of Oracle Financial Services. "With powerful analytics and AI built-into our new cloud solutions, firms can bolster their risk management, economic stress-testing, and scenario analysis capabilities to mitigate exposure and get ahead of the regulatory response that is likely to come from these banking failures."

(Source: Finextra)