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 solutions for client lifecycle management

The challenges of client lifecycle management continue to increase, driven by regulation and requiring financial institutions to review processes around client onboarding, Know Your Customer (KYC) and client data maintenance. The webinar will outline the challenges faced by financial institutions, discuss best practice solutions, detail the need to integrate high quality entity data, and include...

BLOG

Reframing Corporate KYC: Encompass Targets Back-Book Exposure with Scalable EC Review

For many SME focussed banks, KYC investments have streamlined the onboarding journey but legacy KYC records – the back-book – often remain dormant until a regulatory inspection, or an enforcement case at a peer institution, forces a wholesale review. The challenge that follows is how to remediate at scale, with urgency, and without the need...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The Global LEI System – A Solution for Entity Data?

The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...