Free press releases distribution network?

More news: Software
Agency / Source: Oracle Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Oracle Financial Services Loan Loss Forecasting & Provisioning Enables Financial Institutions to Effectively Predict Credit Losses - Application supports proactive risk management and facilitates compliance with international financial reporting standards (IFRS) 9, Basel III and Dodd-Frank requirements (NASDAQ: ORCL) - Oracle.com
Oracle Financial Services Loan Loss Forecasting & Provisioning Enables Financial Institutions to Effectively Predict Credit Losses

 

PRZOOM - /newswire/ - Redwood Shores, CA, United States, 2012/04/25 - Application supports proactive risk management and facilitates compliance with international financial reporting standards (IFRS) 9, Basel III and Dodd-Frank requirements (NASDAQ: ORCL) - Oracle.com. NYSE, NASDAQ: ORCL

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Oracle today introduced Oracle Financial Services Loan Loss Forecasting & Provisioning, a new analytical application that helps financial services organizations accurately forecast credit losses and compute loan loss provisions to facilitate compliance with new regulatory requirements.

Oracle Financial Services Loan Loss Forecasting & Provisioning provides pre-configured computation models and stress testing capabilities that enable financial institutions to effectively forecast credit losses under baseline and multiple stress scenarios, and calculate loan loss provisions as required by International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) and Basel III and Dodd-Frank regulations.

Financial institutions can meet IFRS and Basel III requirements for counter-cyclical provisioning methods with the new analytical application, which uses advanced cash flow modeling techniques and pre-configured and/or in-house methods to compute general and specific loan loss provisions.

The application also supports a proactive approach to regulatory compliance and internal risk management strategies. Its built-in cash-flow engine and configured methodologies enable financial services organizations to effectively manage capital plans and make informed strategic decisions about credit losses and provisioning across all product types.

Organizations can analyze provisions and trends through an extensive set of pre-configured dashboards and reports that facilitate drill-down to the most granular level for more proactive and informed decisions, as well as streamlined regulatory reporting.

As part of the Oracle Financial Services Analytical Applications suite, Oracle Financial Services Loan Loss Forecasting & Provisioning supports enterprise-wide visibility into an institution’s credit risk position via a consistent risk management platform.

Oracle Financial Services Loan Loss Forecasting is fully-compliant with the latest Basel III, Dodd-Frank and IAS/IFRS guidelines and supports multi-jurisdictional calculations.

Supporting Quotes
“Banks are seeking a more holistic approach to loan loss management as well as greater agility in responding to other regulatory requirements around loan loss provisions. Oracle Financial Services Loan Loss Forecasting & Provisioning delivers on both of these requirements,” said S. Ramakrishnan, group vice president and general manager, Oracle Financial Services Analytical Applications. “The robust application facilitates compliance and responsiveness through pre-configured computation models and stress testing capabilities. As important, it enables more proactive risk management strategies with a dashboard approach that enables risk professionals and line of business managers, alike, to understand defined baseline and stress scenarios, the calculation process, and, most important, the impact of scenario results.”

About Oracle
Oracle (oracle.com) engineers hardware and software to work together in the cloud and in your data center.

About Oracle in Industries
Oracle industry solutions leverage the company’s best-in-class portfolio of products to address complex business processes relevant to financial services, helping speed time to market, reduce costs, and gain a competitive edge.

Trademark
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info
Mary Tobin, O’Keeffe & Company
P: +1.503.658.7396 - E: mtobin[.]okco.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Oracle Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Oracle Financial Services Loan Loss Forecasting & Provisioning Enables Financial Institutions to Effectively Predict Credit Losses

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Oracle Corporation |
Contact: Caroline Yu Vespi - Oracle.com 
+1 650-506-8920 caroline.yu[.]oracle.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Oracle Corporation securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Oracle Corporation / Company Profile


Read Software Most Recent Related Press Releases:

NAKIVO Announces Support for vSphere 6.5 and Adds Skip Swap File in the Upcoming v7
Noble Composer v11 Upgrades Agent Efficiency
Xactly Introduces Commission Expense Forecasting Solution for Finance
LogiNext, a Jack Ma Funded Company Enters Indonesia's Booming Logistics Market
RNSS Celebrates 20 Years As A SYSPRO Partner
SKECHERS Uses Oracle to Localize Assortments As They Grow Their Retail Presence
Metatron, Inc. Announces Strategic Move into the Areas of Mobile Encryption, and Virtual Reality for its Mobile Development Business
Belk, Hot Topic and Torrid Choose Oracle Retail Stores Solutions to Unify Brand Experiences
Infor Continues Significant Growth in Retail
Infinera Transforms Subsea Networks to Cloud Scale with New DTN-X Platforms

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Intrinsic Executive Search Ltd

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  1Click Games







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today