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Oracle Financial Financial has expanded its Oracle Financial Financial 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 Financial 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 Financial 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 Financial 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 Financial around the use of models through a comprehensive, structured and consistent framework for periodic assessment and validation of models ac

Highlighting that Oracle announced its solution for health insurance exchanges that provides state governments with the functionality and services required to help ensure health insurance exchange success. The release notes that Oracle's comprehensive solution for healthcare insurance exchanges can support Health and Human Service 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 services and management reporting. The release also includes comments from Mark Johnson, senior vice president, Oracle Public Sector noting that Oracle offers a robust solution which consists of proven technologies that are architected to work together, and include the necessary capabilities needed to deliver a successful program.

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 Services and management reporting.