IDBI Bank goes live with Oracle solutions

NEW DELHI, INDIA: IDBI Bank implemented Oracle Financial Services Asset Liability Management and Oracle Hyperion Planning to automate budgeting and planning processes.

Oracle Financial Services Asset Liability Management has enabled IDBI Bank to assess its liquidity and interest rate risks on a day-to-day basis, thus helping to manage risks and maintain growth. Bank managers and analysts can now measure the impact of interest or foreign exchange rate changes on its net interest income and economic value.

To automate its budgeting and forecasting processes, IDBI Bank deployed Oracle Hyperion Planning to create budgets and rolling forecasts that are linked to its balance sheet and profit and loss models.

Oracle Hyperion Planning is integrated with Oracle Financial Services Asset Liability Management and other Oracle tools used by the bank, including Oracle Financial Services Funds Transfer Pricing and Oracle Financial Services Profitability Management, enabling IDBI Bank to complete the budgeting process and generate rolling sales forecasts.