Oracle Financial Services Introduces New Enterprise Risk Management Applications
New Solution for Model Risk With Expanded Basel Regulatory Capital
and Credit Risk Management Applications Help Financial Institutions
Meet Emerging Regulatory Demands and Streamline Compliance
NEW YORK, NY -- (Marketwire) -- 02/21/13 -- Oracle Financial
Services and Insurance Forum -- Oracle (NASDAQ: ORCL)
-- To help financial institutions meet today's growing risk management
and compliance requirements, Oracle Financial Services has expanded
its Oracle Financial Services Enterprise Risk Management suite to
include a new model risk management solution, as well as enhanced
offerings for regulatory capital management and credit risk
-- Oracle's Enterprise Risk Management suite, part of the Oracle
Financial Services Analytical Applications family, provides a single,
unified platform that helps today's financial institutions meet
increasingly complex compliance requirements and performance
objectives. The end-to-end platform enables financial services
organizations to effectively identify and manage risk to support their
risk-adjusted performance objectives, promote a proactive risk
management culture and mitigate the costs of compliance.
Oracle Financial Services Model Risk Management
-- To meet evolving regulatory mandates, financial institutions require a
comprehensive view of risks associated with inaccurate or improperly
applied financial and business models. Many firms are struggling to
achieve this transparency because they continue to manage their models
in siloed environments.
-- Oracle Financial Services Model Risk Management provides a common
environment to manage all risks associated with the use of models,
including risks arising due to poor data quality, incorrect or
inappropriate use, design flaws, incorrect implementation and
-- The solution delivers a single repository for all model information
across the enterprise, includes pre-built dashboards to jump start
benefits and provides drill-down capabilities for in-depth insight.
-- This application provides a common environment to manage risks
associated with the use of models including risks arising due to data
quality, incorrect or inappropriate usage, design flaws, incorrect
implementation and unauthorized access.
-- The solution helps firms to improve governance around the use of
models through a comprehensive, structured and consistent framework
for periodic assessment and validation of models across categories.
Oracle Financial Services Credit Risk Management
-- To gain a full understanding of credit risk and respond effectively,
financial institutions must be able to rapidly identify and analyze
emerging portfolio issues across the enterprise. In many firms today,
data is dispersed across multiple risk applications, impeding
visibility into potential risk across the entire organization.
-- Oracle Financial Services Credit Risk Management provides a single,
consistent view of portfolio credit risk across an organization --
including product types, lines of business, geographies and legal
entities -- by combining results from multiple sources (capital
adequacy systems, modeling applications, trading systems and external
data). The application enables risk managers and c-level executives to
quickly and comprehensively identify and evaluate portfolio risk from
a top-down enterprise view of metrics.
-- The comprehensive solution includes components for wholesale and
retail credit risk, as well as a counterparty credit risk module that
provides detailed analysis of credit risk on derivative exposures.
-- Pre-built reports -- covering credit quality, reserves and allowances,
delinquency, new business, risk mitigation, capital requirement,
collections and more -- along with ready-to-use dashboards, put
valuable insight in the hands of risk professionals as well as line of
business managers, enabling firms to get immediate value from the
-- Oracle Financial Services Credit Risk Management also supports
virtually seamless integration with other Oracle Financial Services
Enterprise Risk applications, including Oracle Financial Services Loan
Loss Forecasting and Provisioning, Oracle Financial Services Economic
Capital and Oracle Financial Services Basel Regulatory Capital,
designed to deliver a comprehensive view that eliminates the need to
download and collate information from multiple applications.
Oracle Financial Services Basel Regulatory Capital Version 6.0
-- The newest release of Oracle Financial Services Basel Regulatory
Capital offers a complete solution for Basel III compliance, covering
multiple risks, portfolios and asset classes. It enables financial
institutions to quickly achieve Basel III compliance with a
ready-to-use analytical solution.
-- Version 6.0 includes functionality to address Basel III leverage
ratio, capital adequacy and capital buffers. Enhancements include
new/modified rules for computation of credit valuation adjustment
(CVA) capital charge, re-securitization charges, minority interests,
deferred tax assets (DTAs) and revised criteria for available capital.
-- The application is designed to enhance strategic decision making by
enabling a consolidated view with drill-down capability to enable
granular analysis of capital adequacy under baseline and stressed
-- "Today's financial institutions need a comprehensive understanding of
their risk-return to make strategic decisions that strengthen
competitive advantage, reduce the overall cost of compliance and
enhance long-term customer value," said S. Ramakrishnan, group vice
president and general manager, Oracle Financial Services Analytical
Applications. "The Oracle Financial Services Enterprise Risk
Management suite is built to meet these requirements. The platform
delivers a consolidated view of risk across the enterprise, enabling
firms to make faster and more informed strategic capital decisions."
-- Oracle Financial Services
-- Oracle Financial Services Model Risk Management
-- Oracle Financial Services Credit Risk Management
-- Oracles Financial Services Basel Regulatory Capital 6.0
-- Oracle Financial Services Analytical Applications Infrastructure
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