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MarketScreener Homepage  >  Equities  >  Nyse  >  Oracle Corporation    ORCL

ORACLE CORPORATION

(ORCL)
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Oracle : Brings Big Bank Anti-Money Laundering Protection to Smaller Institutions

10/29/2020 | 05:05am EST

New cloud application suite helps mid-sized banks stay safe, compliant, and ready for growth.

Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings two decades of experience in fighting big bank financial crime to an easy-to-manage, cost-effective application suite designed for mid-sized banks. The solution powers the full anti-money laundering (AML) lifecycle, so institutions can streamline compliance activities and costs and quickly identify abnormal customer behavior to stop illicit activity.

Built on the highly secure, scalable Oracle Cloud Infrastructure (OCI), Financial Crime and Compliance Management Cloud Service's Transaction Monitoring and Regulatory Reporting applications are available today. Know Your Customer (KYC) and Customer Screening capabilities are expected later this year.

'With criminals getting increasingly sophisticated, mid-sized banks struggle to keep pace with the complexity and cost of fighting financial crime,' said Sonny Singh, executive vice president and general manager, Oracle Financial Services. 'We're leveling the playing field by bringing the same modern crime detection and reporting capabilities afforded to larger institutions to mid-sized banks in a package that suits their unique requirements and cost structures.'

Fighting financial crime in the cloud

The application suite delivers the capabilities mid-sized banks need to help them stay compliant and safe, including:

An extensive catalog of regulator-accepted AML scenarios developed over years of working with the largest, most complex banks.

Built-in tools for custom scenario design, analysis, threshold simulation, and tuning.

A centralized, 360-degree view of customers and events.

Out-of-the-box regulatory reporting templates to help comply with requirements across key global jurisdictions.

The ability to easily scale and configure to support new products.

Oracle Financial Services Crime and Compliance Management Cloud is available today in North America and Western Europe, with additional regions to come. Laern more at: https://www.oracle.com/industries/financial-services/aml-and-financial-crime-compliance/cloud-service/.

Contact Info

Judi Palmer

Oracle

judi.palmer@oracle.com

+1 650 784 7901

Brian Pitts

H+K Strategies

brian.pitts@hkstrategies.com

312 451 1757

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 www.oracle.com/industries/financial-services/index.html.

About Oracle

The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain, and Manufacturing, plus Highly Automated and Secure Oracle Cloud Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 39 858 M - -
Net income 2021 10 204 M - -
Net Debt 2021 30 599 M - -
P/E ratio 2021 17,5x
Yield 2021 1,67%
Capitalization 174 B 174 B -
EV / Sales 2021 5,13x
EV / Sales 2022 4,93x
Nbr of Employees 135 000
Free-Float 61,9%
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 61,85 $
Last Close Price 57,72 $
Spread / Highest target 21,3%
Spread / Average Target 7,16%
Spread / Lowest Target -22,0%
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Managers
NameTitle
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Michael J. Boskin Independent Director
Jeffrey O. Henley Vice Chairman
Jeffrey S. Berg Independent Director
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