Solutions enable banks with deep
insights and complex reporting on profitability, interest rate
risk, and balance sheet trends
AUSTIN,
Texas, Oct. 8, 2024 /PRNewswire/ -- Helping
financial institutions boost profitability, grow revenue, and
manage balance sheet risk, Oracle today announced Oracle Financial
Services Profitability and Balance Sheet Management Cloud Services.
With Asset Liability Management, Cash Flow Engine, Funds Transfer
Pricing, and Profitability Management applications, the new suite
of SaaS solutions provides banks deep insights into profitability,
interest margins, interest rate risk, and balance sheet trends to
make critical business decisions faster, while meeting complex risk
management reporting requirements. The services are now available
globally.
"Oracle has set the standard in the financial services industry
for running integrated analytical applications across finance,
risk, treasury, financial planning and analysis, and compliance,"
said Sonny Singh, executive vice
president and general manager, Oracle Financial Services. "With
these cloud-native services for profitability and balance sheet
management, we are empowering financial institutions to optimize
operations, and drive more sustainable growth by using advanced
analytics and integrated AI to gain critical insights, such as
drain on profitability, or a risk-adjusted view of performance to
immediately adjust to market realities."
The suite of solutions provides a framework for
multi-dimensional profitability and balance sheet management by
helping financial institutions better understand profitability
across business dimensions, use flexible forecast assumptions to
accurately model Net Interest Income (NII), and address risk
management requirements. The applications leverage the integration
of Generative AI and Natural Language Generation (NLG) to enhance
data interpretation by automatically generating detailed
insights.
Built on the high performance, security, and scalability of
Oracle Cloud Infrastructure, the services use Oracle Autonomous
Database, Oracle Analytics, and a domain-driven microservices
architecture. With quarterly updates, banks can eliminate the need
for costly upgrades while benefiting from continuous innovation
that helps improve total-cost-of-ownership.
Oracle Profitability and Balance Sheet Management Cloud Services
include:
- Profitability management: provides a highly scalable
allocation engine that allows users to construct detailed P&L
analysis using pre-packaged reports and data visualizations to
model profitability across multiple dimensions, including product,
customer, account, channel, business unit, geography, relationship
manager, and line of business. With the solution, organizations can
answer questions such as, "Which customers are the most
profitable?" or "What products or services should we invest in or
divest?"
- Funds transfer pricing: determines the spread earned on
assets and liabilities, and allows for more accurate profitability
assessment and effective interest rate risk management.
- Asset liability management: delivers accurate
valuations, views of earnings stability, and balance sheet risk
sensitivity through advanced analytics and scenario-based what-if
analysis.
- Cash flow engine: measures and models cash inflows and
outflows for financial instruments, and provides detailed insights
into liquidity and cash management.
"Financial institutions are under constant pressure to improve
efficiency and reduce costs, and Oracle's new cloud services
directly address the challenges around automating complex tasks,
reporting, and developing analytics and visualization," said
Sid Dash, chief researcher, Chartis.
"Moreover, the ability to analyze profitability and balance sheet
risk in real-time, with the granularity that Oracle offers, will be
crucial for institutions to thrive."
These services are part of the Oracle Financial Services
Suite of componentized and composable cloud applications.
Built on a platform and AI-first microservices architecture, these
services help banks modernize their business capabilities faster
and with less risk. The services can run standalone or work
together and coexist with existing applications to provide faster
provisioning and availability. They also feature automated patching
and shorten disaster recovery switchover times that can help lower
IT costs and reduce management burdens. For more information
about Oracle Financial Service Profitability and Balance Sheet
Management cloud services visit:
https://www.oracle.com/financial-services/banking/profitability-balance-sheet-management/
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at oracle.com.
About Oracle Financial Services
Oracle Financial
Services provides solutions for retail banking, corporate banking,
payments, asset management, life insurance, annuities, and
healthcare payers. With our comprehensive set of integrated digital
and data platforms, banks and insurers are empowered to deliver
next-generation financial services. We enable customer-centric
transformation, support collaborative innovation, and drive
efficiency. Our data and analytical platforms help financial
institutions drive customer insight, integrate risk and finance,
fight financial crime, and comply with regulations. To learn more,
visit our website at https://www.oracle.com/financial-services.
Trademarks
Oracle, Java, MySQL and NetSuite are
registered trademarks of Oracle Corporation. NetSuite was the first
cloud company—ushering in the new era of cloud computing.
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SOURCE Oracle