REDWOOD SHORES, Calif., Dec. 17,
2019 /PRNewswire/ -- For the fourth consecutive year,
Oracle Financial Services has been ranked in the top three of the
annual Chartis RiskTech100®. Compiled by industry research group
Chartis Research, RiskTech100® ranks the world's top 100 providers
of risk management and compliance technology solutions that meet
the needs of both financial and non-financial organizations.
Oracle ranked first in the categories of Core Technology, which
looks at a vendor's overall technology stack by benchmarking it
against the latest best practices, and Data Integrity and Control,
which reviews a vendor's ability to maintain data quality, a key
differentiator for Oracle. Oracle also received an honorable
mention in the categories of asset and liability management (ALM),
financial crime/anti-money laundering (AML), risk and finance
integration, and risk data aggregation and reporting.
This announcement comes after Oracle was ranked as a category
leader in the Chartis RiskTech Quadrant® for AML/watchlist
monitoring solutions earlier this year.
"Each year our research highlights how vendors' strategies are
changing to address ongoing developments in RiskTech," said
Rob Stubbs, Head of Research at
Chartis. "Oracle's top three placing, and its two award wins this
year, reflect its continued commitment to the market."
A pioneer in modern risk and finance, Oracle Financial Services
Analytical Applications product suite is used by many Global
Systemically Important Financial Institutions (SIFI).
In September 2019, AsiaRisk (owned
by Infopro Digital SAS) ranked Oracle's ALM solution as Product of
the Year for its value add to end users from an innovation and risk
perspective. AsiaRisk specifically noted its ability to help bank
officers across the organization gain a better understanding of the
risks they have assumed and sensitivity in economic conditions.
"Today's financial institutions are grappling with how to
leverage new technology, manage an enormous amount of data, and
meet increasingly complex regulatory and compliance requirements,"
said Sonny Singh, senior vice
president and general manager, Oracle Financial Services. "Our
ranking re-affirms our strategy and vision to help organizations
adapt, and we remain committed to continuously strengthening our
capabilities."
Now in its 14th year, RiskTech100® is a
comprehensive independent study of the world's major players in
risk and compliance technology, and it serves as a valuable
assessment and benchmarking tool for all participants in risk
technology markets. The rankings in the report reflect Chartis
analysts' expert opinions, along with research into market trends,
participants, expenditure patterns and best practices. The analysis
is validated through several phases of independent
verification.
More information and a copy of the full report can be found on
Chartis' website here.
About Chartis
Chartis is a research and advisory firm that provides technology
and business advice to the global financial services industry.
Chartis provides independent market intelligence on market
dynamics, regulatory trends, technology trends, best practices,
competitive landscapes, market sizes, expenditure priorities, and
mergers and acquisitions. Chartis' RiskTech Quadrant®
reports are written by experienced analysts with hands-on
experience of selecting, developing and implementing financial
technology solutions for a variety of international companies in a
range of industries including banking, insurance and capital
markets.
About Oracle Financial Services
Oracle Financial Services Global Business Unit provides clients in
more than 140 countries with an integrated, best-in-class,
end-to-end solution of intelligent software and powerful hardware
designed to meet every financial service need. Our market leading
platforms provide the foundation for banks and insurers' digital
and core transformations and we deliver a modern suite of
Analytical Applications for Risk, Finance Compliance and Customer
Insight. For more information, visit our website
at https://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
Generation 2 Infrastructure featuring the Oracle Autonomous
Database. For more information about Oracle (NYSE: ORCL), please
visit us at www.oracle.com.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its
affiliates. Other names may be trademarks of their respective
owners.
Contact
Judi Palmer
Oracle
+1 650 607 6598
judi.palmer@oracle.com
Brian
Pitts
Hill+Knowlton Strategies
+1 312 475 5921
brian.pitts@hkstrategies.com
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SOURCE Oracle