Oracle Financial Services unveils new mkt solution

MUMBAI, INDIA: Oracle Financial Services, a subsidiary of Oracle corporation, announced on Thursday the launch of its new solution Oracle Reveleus Market Risk.

The solution provides new and expanded modeling, analysis and reporting capabilities that help financial institutions effectively view and manage the balance between risk and returns, as well as comply with increasing regulatory and reporting requirements across multiple jurisdictions, said a press release.

It enables a clear view of risks and returns using multiple measures such as Value-at-Risk (VaR), Conditional Value-at-Risk (CVaR) and Component VaR – across a wide range of financial instruments, including elaborate derivatives.

The solution's new market risk business intelligence functionality includes a powerful reporting tool that enables financial institutions to customize reporting to suit user requirements and report across multiple levels of the organization, the release added. It also enables side-by-side comparison of historical and current risk, as well as alerts for specified rules, such as a VaR estimate exceeding limits, to enable earlier intervention.

"The new release of Oracle Reveleus Market Risk provides a comprehensive solution that enables financial institutions to manage all of their internal and regulatory market risk requirements – from risk measure estimation to stress testing to model validation – using a single solution, reducing IT complexity and enabling a more complete view," said S. Ramakrishnan, CEO of Reveleus and Mantas products, Oracle Financial Services Software.