New Oracle Cloud Service Helps Banks Quickly Identify Financial Crime Risk
Oracle News, Tuesday, September 17th, 2024
Financial Crime and Compliance Management Monitor delivers advanced visualizations to support banks in managing risk and meeting compliance analysis and reporting requirements
Oracle announced Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service. With the new solution banks, fintechs, and other financial services companies can gain a holistic, centralized view of their FCCM efforts, enabling them to identify potential issues faster and, proactively manage risk to thwart criminal activity and reduce compliance costs.
With its granular reporting capabilities, the system also helps banks demonstrate effective FCCM efforts to regulators and other stakeholders using customized, visually rich role-based reports aligned with anti-money laundering (AML) and FCCM requirements. The new solution is part of Oracle's suite of FCCM and AML SaaS solutions that can easily be integrated into any financial institution's workflow.