About a-team Marketing Services
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: Enterprise Data Management – The Next Generation

What’s next for enterprise data management? We discuss technology approaches such as cloud, utility models and hybrid models, and the evolution of data, covering transaction data, regulatory data and other new trends impacting EDM.

BLOG

NICE Earnings Call Puts Reported Actimize Sale Update in Context

In what appears to be its first comment on the planned sale of its Actimize subsidiary, NICE Chief Executive Scott Russell told analysts on the recent Q1 earnings call that the company had been “working with advisers over the past several months” on a process for “non-CX assets”, which he identified as financial crime and...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...