Oracle Extends Suite Of Financial Services Analytical Apps

Continuing its commitment to help financial services institutions manage growing risk levels, Oracle today announced new and upgraded applications for its unified suite of financial services analytical applications for enterprise performance management (EPM).

The new solutions, based on the merged capabilities of Oracle Financial Services Applications (OFSA), Oracle’s Hyperion, Oracle’s Reveleus and PeopleSoft Enterprise Performance Management, are designed to help institutions focus on planning future performance and lowering anticipated risk; plan net interest margin, anticipate liquidity contingencies and reconcile asset/ liability management forecasts with annual budgets and rolling forecasts; and provide the capability to go beyond measuring bottoms up historical performance to actively managing future risks and results.

New Oracle Financial Services Analytical Applications for EPM

* Oracle Financial Services Balance Sheet Planning – A budgeting solution made specifically for bank planning, budgeting and forecasting, this application leverages Oracle’s Hyperion Planning as a foundation to allow banks to plan future profitability and risk-adjusted returns. The solution captures instrument characteristics and the nuances of each customer relationship to accurately model balance sheet behaviour and provide the most accurate net interest margin and earnings forecasts possible.

* Oracle Financial Services Asset Liability Management Analytics – An updated version of the Oracle Asset Liability Management business intelligence application emphasises the critical need to measure and manage interest rate and liquidity risk. Building on the existing Interest Rate Risk content, new metrics, reports and dashboards provide additional management insight into “stressed” results including Liquidity Gaps, Funding Concentrations, Deposit Distribution Profiles, Marketable Assets and Liquidity Ratios.

“With the release of Oracle Financial Services Balance Sheet Planning and Oracle Financial Services Asset Liability Management Analytics, banks are able to obtain greater insight into an integrated view of balance sheet risks and returns that represents a key strategic differentiator for financial services institutions as they implement strategies to manage risk while maximising shareholder value,” said S Ramakrishnan, Group Vice President and General Manager, Oracle Financial Services Analytical Applications.