About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Oracle Leverages Cloud Technology to Offer AML Services to Smaller Banks

Subscribe to our newsletter

Oracle in June announced the roll-out of its Oracle Financial Services Anti Money Laundering (AML) Express Edition to small- and mid-sized banks: allowing smaller players to cost-effectively address evolving global AML regulations and guidelines, despite their smaller IT budgets and limited resources compared to global top-tier institutions.

AML Express provides unified platform to efficiently detect, investigate, and report suspected money laundering and terrorist financing activity to comply with evolving regulations and guidelines.

The platform uses new architecture principles to offer deployment either on premise or on cloud infrastructures, allowing firms to transition to their future states faster and at reduced implementation costs. It contains an in-built library of scenarios that detect the most common money laundering behaviours, coupled with in-built case management abilities that reduce the time and resources needed for scenario configuration and case investigation.

“The largest financial institutions in the world have been using Oracle Anti Money Laundering solutions for decades,” says Sonny Singh, senior vice president and general manager at Oracle Financial Services.

“Today, the same comprehensive financial crime technology is now accessible for small- and mid-sized financial institutions. Lowering the total cost of ownership without compromising on the core functional capabilities is an engineering breakthrough made possible with the use of modern, cloud-compatible architectures.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to trade surveillance for market abuse

Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and cause financial instability. This webinar will discuss market abuse of different types, such as insider trading...

BLOG

A-Team Group Announces Winners of RegTech Insight Awards – USA 2023

A-Team Group has announced the winners of its RegTech Insight Awards – USA 2023. The awards celebrate vendors of leading RegTech solutions, services and consultancy, and are designed to recognise both start-up and established providers offering creative solutions to regulatory challenges. The awards were presented by Andrew Delaney, President & Chief Content Officer at A-Team...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...