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: Effective due diligence, screening and monitoring to mitigate financial crime risk

Managing financial crime risk requires a comprehensive approach to due diligence, screening, and continuous monitoring. Financial institutions face increasing regulatory scrutiny and staying compliant in today’s dynamic environment requires advanced technologies. Failure to comply is resulting in severe enforcement penalties. This webinar will explore practical strategies and tools for mitigating financial crime risk, focusing on...

BLOG

Regulator-First AI: Vivox Brings Atomic Workflows to Compliance Operations

Artificial intelligence has become a default talking point in financial crime compliance. Yet for many regulated firms, particularly those operating across capital markets, payments, and treasury functions, the challenge is no longer whether AI can be used, but whether it can be deployed in a way regulators will accept. For Vivox AI, a young company...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Tackling the Data Management Challenges of FATCA

As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...