Group items tagged

Oracle Financial Services has expanded its Oracle Financial Services Enterprise Risk Management suite to include a new model risk management solution, as well as enhanced offerings for regulatory capital management and credit risk management. Oracle's Enterprise Risk Management suite, part of the Oracle Financial Services Analytical Applications family, provides a single, unified platform that helps today's financial institutions meet increasingly complex compliance requirements and performance objectives. The end-to-end platform enables financial services organizations to effectively identify and manage risk to support their risk-adjusted performance objectives, promote a proactive risk management culture and mitigate the costs of compliance. Model Risk Management To meet evolving regulatory mandates, financial institutions require a comprehensive view of risks associated with inaccurate or improperly applied financial and business models. Many firms are struggling to achieve this transparency because they continue to manage their models in siloed environments. Oracle Financial Services Model Risk Management provides a common environment to manage all risks associated with the use of models, including risks arising due to poor data quality, incorrect or inappropriate use, design flaws, incorrect implementation and unauthorized access. The solution delivers a single repository for all model information across the enterprise, includes pre-built dashboards to jump start benefits and provides drill-down capabilities for in-depth insight. This application provides a common environment to manage risks associated with the use of models including risks arising due to data quality, incorrect or inappropriate usage, design flaws, incorrect implementation and unauthorized access. The solution helps firms to improve governance around the use of models through a comprehensive, structured and consistent framework for periodic assessment and validation of models ac

The May 1 editions of eSchool News includes the following press release announcing Oracle and Ciber's implementation of an integrated student service system and enterprise resource planning platform for Washington State Board of Community and Technical College (WSBCTC). The system of 34 public community and technical colleges will work with Oracle and Oracle PartnerNetwork (OPN) Platinum Partner Ciber to implement Oracle's PeopleSoft Campus Solutions, PeopleSoft Human Capital Management, PeopleSoft Financials, and Oracle Fusion Analytic Applications.

The May 1 edition of eCampus News included the following press release announcing Oracle and Ciber's implementation of an integrated student service system and enterprise resource planning platform for Washington State Board of Community and Technical College (WSBCTC). The system of 34 public community and technical colleges will work with Oracle and Oracle PartnerNetwork (OPN) Platinum Partner Ciber to implement Oracle's PeopleSoft Campus Solutions, PeopleSoft Human Capital Management, PeopleSoft Financials, and Oracle Fusion Analytic Applications.

Highlighting that Oracle unveiled an integrated health care platform designed to help states set up health insurance exchanges. The article also notes that the applications can support Health and Human Services Department programs and core business functions such as eligibility and enrollment; billings, collections and premium reconciliation; customer service; premium tax credit tracking; broker management; payment processing and financial and management reporting.

The March 28 edition of Campus Technology includes an article highlighting that Ciber is implementing and maintaining the new ctcLink project for Washington State Board of Community and Technical Colleges (SBCTC). The article notes that the new system consists of numerous Oracle enterprise resource planning (ERP) applications, including Oracle's PeopleSoft Campus Solutions, PeopleSoft Human Capital Management, PeopleSoft Financial Management, Oracle Business Intelligence Enterprise Edition, and Oracle Hyperion Enterprise Performance Management. The article also includes comment from a prepared statement by Mike Dillon, higher education vice president for Ciber and Oracle practice leader, who notes that this opportunity leverages some of Ciber's greatest strengths: higher education background, Oracle expertise and managed services delivery.

press release highlighting that the United States Marine Corps has implemented an integrated suite of Oracle solutions to support its supply and maintenance system. The article notes that the U.S. Marine Corps implemented the Oracle E-Business Suite, including Oracle Financial Management, Oracle Purchasing, Oracle Mobile Field Service and Oracle Supply Chain Planning. The article also includes comments from Mark Johnson, senior vice president, Oracle Public Sector noting that by using Oracle applications and technology, the U.S. Marine Corps is able to improve combat effectiveness through an integrated, near real-time logistics system.

"Enterprise retail systems are also firmly committed to weaving science into decision-making. Oracle debuted Oracle Retail Release 15 in January, updating the entire suite and featuring several new cloud services that embed science and analytics. "We've simplified the science of business intelligence, made it more contextual and put it into the application versus having the retailer invest in a whole new BI platform," says Mike Webster, senior vice president and general manager of Oracle Retail and Hospitality. "We've had demand forecasting for some time, but we can now provide data at an attribute level in order to pre-populate a forecast." "It's now possible to look at the financial plan or the assortment plan across the store, franchises, the wholesale business and online," Webster says. "The merchant now has a holistic view, and that's critical for decision-making.""