|By Marketwired .||
|February 21, 2013 08:00 AM EST||
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 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.
- "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
- 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
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ: ORCL), visit www.oracle.com.
About Oracle in Industries
Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to financial services, helping speed time to market, reduce costs, and gain a competitive edge.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Mar. 2, 2015 05:00 AM EST Reads: 2,517
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
Mar. 2, 2015 04:00 AM EST Reads: 2,946
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
Mar. 2, 2015 03:30 AM EST Reads: 2,539
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
Mar. 2, 2015 02:00 AM EST Reads: 3,064
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of presentation. In her session at @ThingsExpo, Jocelyn Scheirer, CEO & Founder of Bionolux, will discuss ho...
Mar. 2, 2015 12:00 AM EST Reads: 3,002
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
Mar. 1, 2015 04:00 PM EST Reads: 1,288
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Mar. 1, 2015 03:15 PM EST Reads: 1,377
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
Mar. 1, 2015 02:00 PM EST Reads: 1,368
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
Mar. 1, 2015 01:45 PM EST Reads: 1,245
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
Mar. 1, 2015 12:00 PM EST Reads: 1,295
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
Mar. 1, 2015 12:00 PM EST Reads: 1,936
Mar. 1, 2015 10:30 AM EST Reads: 2,629
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”
Mar. 1, 2015 10:00 AM EST Reads: 4,793
Mar. 1, 2015 09:45 AM EST Reads: 938
With several hundred implementations of IoT-enabled solutions in the past 12 months alone, this session will focus on experience over the art of the possible. Many can only imagine the most advanced telematics platform ever deployed, supporting millions of customers, producing tens of thousands events or GBs per trip, and hundreds of TBs per month. With the ability to support a billion sensor events per second, over 30PB of warm data for analytics, and hundreds of PBs for an data analytics archive, in his session at @ThingsExpo, Jim Kaskade, Vice President and General Manager, Big Data & Ana...
Mar. 1, 2015 09:00 AM EST Reads: 1,306
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
Mar. 1, 2015 09:00 AM EST Reads: 2,213
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data they generate about customer usage and product performance to deliver extremely compelling and reliabl...
Mar. 1, 2015 09:00 AM EST Reads: 1,343
The Internet of Things (IoT) is causing data centers to become radically decentralized and atomized within a new paradigm known as “fog computing.” To support IoT applications, such as connected cars and smart grids, data centers' core functions will be decentralized out to the network's edges and endpoints (aka “fogs”). As this trend takes hold, Big Data analytics platforms will focus on high-volume log analysis (aka “logs”) and rely heavily on cognitive-computing algorithms (aka “cogs”) to make sense of it all.
Mar. 1, 2015 09:00 AM EST Reads: 1,079
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applications - creating more engaging experiences for their customers and boosting collaboration and productiv...
Feb. 28, 2015 05:00 PM EST Reads: 1,436
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
Feb. 28, 2015 03:30 PM EST Reads: 4,045