Oracle brings enterprise apps solution for banks

MUMBAI, INDIA: In order to help financial institutions better manage their exposure, Oracle Financial Services Software, a provider in software solutions and services, today announced the availability of Oracle FLEXCUBE Enterprise limits and collateral management.

This new solution is an enterprise application that enables banks to achieve a holistic view of their exposure by helping them to centralize collateral management, limits definition, tracking and measurement of exposure across the institution, said a press release.

Customers using this solutions can centralize exposure management across the entire spectrum of offerings including loans, trade finance, treasury and overdrafts, it added.

“Significant losses and evolving regulatory controls are forcing financial institutions to revisit exposure management processes for their portfolios and adopt best practices that help avoid overexposure to specific business segments,” said NRK Raman, managing director and CEO, Oracle Financial Services Software.

The application is process-driven and its architecture has been designed to deliver comprehensive capability that would help banks to deploy it centrally.

It leverages the Oracle industry reference model for Banking to help standardize business processes and replicate best practices across the enterprise, said the release.

Oracle FLEXCUBE Enterprise Limits and Collateral Management enables efficient limits monitoring across the institution with centralized online tracking and monitoring of multi-currency limits for all transactions across all branches or entities - in countries as well as regions, it added.

The solution would help banks make informed credit decisions with fast and accurate credit information - by customer and segment - while also helping to improve exposure management with collateral pooling and contribution controls.

Raman further added that to meet the needs of customers, the application is designed to co-exist with a bank’s current application environment to minimize the resources and costs associated with getting these processes streamlined.

Banks can use the solution to help streamline collateral management processes with a flexible structure that provides for real-time revaluation. This enables them to maintain realistic limits that reflect prevailing market trends, added the release.

MUMBAI: In order to help financial institutions better manage their exposure, Oracle Financial Services Software, a provider in software solutions and services, today announced the availability of Oracle FLEXCUBE Enterprise limits and collateral management.

This new solution is an enterprise application that enables banks to achieve a holistic view of their exposure by helping them to centralize collateral management, limits definition, tracking and measurement of exposure across the institution, said a press release.

Customers using this solutions can centralize exposure management across the entire spectrum of offerings including loans, trade finance, treasury and overdrafts, it added.

“Significant losses and evolving regulatory controls are forcing financial institutions to revisit exposure management processes for their portfolios and adopt best practices that help avoid overexposure to specific business segments,” said NRK Raman, managing director and CEO, Oracle Financial Services Software.

The application is process-driven and its architecture has been designed to deliver comprehensive capability that would help banks to deploy it centrally.

It leverages the Oracle industry reference model for Banking to help standardize business processes and replicate best practices across the enterprise, said the release.

Oracle FLEXCUBE Enterprise Limits and Collateral Management enables efficient limits monitoring across the institution with centralized online tracking and monitoring of multi-currency limits for all transactions across all branches or entities - in countries as well as regions, it added.

The solution would help banks make informed credit decisions with fast and accurate credit information - by customer and segment - while also helping to improve exposure management with collateral pooling and contribution controls.

Raman further added that to meet the needs of customers, the application is designed to co-exist with a bank’s current application environment to minimize the resources and costs associated with getting these processes streamlined.

Banks can use the solution to help streamline collateral management processes with a flexible structure that provides for real-time revaluation. This enables them to maintain realistic limits that reflect prevailing market trends, added the release.