Oracle Financial Services Introduces New Enterprise Risk Management Applications

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)

News Facts

 
--  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
    management.
--  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
    unauthorized access.
--  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
    solution.
--  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
    scenarios.

Supporting Quote

 
--  "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."

Supporting Resources

 
--  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
--  Follow Oracle Financial Services on Twitter
--  Join the Oracle Financial Services Community on Facebook
--  Subscribe to the Oracle Financial Services YouTube Channel
--  Follow the Oracle Financial Services Blog

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Contacts Carla Foster Oracle +1.650.867.7012 carla.croghan@oracle.com

Mary Tobin O'Keeffe & Company +1.503.658.7396 mtobin@okco.com