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Financial Services Analytics Customer Panel & DiscussionCON 7044
Stuart HoustonGlobal Solution Director, Financial Services AnalyticsFinancial Services Global Business UnitSeptember 29th, 2014
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Customer Panel
Linda ZukauckasEVP, Corporate ControllerAmerican Express
Vas RaoVice President, Finance Services GroupCIBC
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Enterprise Challenges Oracle are hearing from our clients
In this cost sensitive environment, how do we plan a program of work that delivers effective outcomes?
Which version of the truth should we use, and where do
we get it from?
How can we manage the onslaught of regulatory pressure across risk,
compliance & capital management?
How do we govern a program of work at this level of complexity,
over multiple funding cycles?
How do we measure success, particularly in the area of value add
back to the business?
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How do these challenges affect the CXOs of firms?
Head of Risk Management
Chief Financial Officer
Chief Operations Officer
All these CXOs face similar obstacles to meeting their business goals:
• Silos of data• Silos of processes and systems• Resistance to change
• Opaque data practices• Where to start
“How can I include Risk Strategy & Pricing in every Transaction?”
“Will we be ready to support Market and Regulatory Events?”
“How do I know for sure I’m maximizing my capital allocation?”
“How can I be sure we are compliant? Can I really trust my reports?”
“Will Technology and Business Services be able to meet demands for a 360 degree view of data?”
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What should effective Data & Technology enable?
Decision Advantage– Context– Confidence– Speed
Business Alignment– Transparent– Measurable– Complete
Operational Excellence– Accurate– Complete– Comparable/Timely
When data & technology can drive business performance
Head of Risk Management
Chief Financial Officer
Chief Operations Officer
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When technology is not aligned with business needs
• Legacy environments enforce business challenges
• Roll-up reporting falls down – eventually, always.
• Fragmented BU processes restrain Enterprise Decisions
• Strategy fails for want of coherent tactics
Consequences of mis-aligned environments
DataFiefdoms
MisfireReporting
Conflictingprocesses
Forced Errors
BrokenViews
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Oracle Financial Services Analytics (OFSAA)
71%of global SIFI’s use some form of OFSAA Solutions for Performance, Risk and/or Financial Crime & Compliance Management
PerformanceManagement
CustomerInsight
Governance& Compliance
RiskManagement
Enables financial institutions to measure and meet risk-adjusted performance objectives, cultivate a risk management culture, lower the costs of compliance and regulation, and improve customer insight.
Cost effectiveness, Timeliness & Risk Mitigation of Buy/Install/Configure approach provides a compelling alternative to the traditional build approach
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Customer Discussion
Linda ZukauckasEVP, Corporate ControllerAmerican Express
Vas RaoVice President, Finance Services GroupCIBC
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Some closing thoughts
Institutions want vendors with comprehensive and best-of-breed analytical coverage of all key disciplines on a single, unified platform
Institutions need a means to readily handle risk and performance “intersections,” leverages existing investments and provides for future expansion
Institutions need unprecedented analytical speed and scalability to do what was previously impractical or even impossible
Join some of the largest global institutions who are already leveraging this approach on their transformation projects
Oracle Financial Services Analytical Applications (OFSAA) delivers this today
OFSAA’s “building block” approach makes this possible
OFSAA deployed on Engineered Systems provides proven extreme performance that changes the game
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Join the Conversation Online
blogs.oracle.com/financialservices
facebook.com/oraclefs twitter.com/oraclefs #OracleFS
youtube.com/oraclefs
• Keep up with Financial Services topics and trends.
• Access Financial Services content easily, including events, webcasts, white papers and more.
• Engage with Oracle in FS Experts.
• Share knowledge and experiences at your convenience with your peers.
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