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Archived Financial Services Articles
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19 Sep 2011
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Oracle Receives SWIFTReady Payment Label 2011 [24609]
Oracle FLEXCUBE Universal Banking 11.2.0 Named Compliant
Oracle announced that Oracle FLEXCUBE Universal Banking 11.2.0 has received the SWIFTReady Payment Label 2011. The SWIFTReady label identifies products that demonstrate compliance with SWIFT standards, messaging services, and connectivity; integrate efficiently in the SWIFT environment; increase traffic automation; and support straight-through processing (STP).
SWIFT, which supplies secure messaging services and interface software to wholesale financial entities, runs an annual program for determining the SWIFT-compliance of third-party software applications for the financial services sector.
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19 Sep 2011
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Oracle Financial Services Revenue Management and Billing on Exadata [24610]
Delivers Extreme Performance: 9,523 Billable Charges per Second
Results of performance tests demonstrate that Oracle Financial Services Revenue Management and Billing 2.2 running on a full rack Oracle Exadata Database Machine X2-2 can deliver unprecedented performance and scalability. In the test, a billion transactions were validated, mapped and aggregated into 200 million transaction groups. These groups were then priced into billable charges. Running on Oracle Exadata Database Machine, the application priced 9,523 billable charges per second, enabling financial services organizations to process pricing requests for 100 million accounts in six hours. Ultimately 100 million bills can be generated in a single monthly run using a 13 hour batch window.
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18 May 2011
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Oracle's Exadata Banking and Financial Services Customers Numbers Continue to Increase [24174]
Colombian, Vietnamese, and Australian Deployments Reported
Oracle continues to expand its banking and financial services EMEA customer base with Exadata solutions. Recently, Helm Bank, Sacombank, and Australian Finance Group have implemented Oracle Exadata family products to manage their respective operations. Colombia's Helm Bank platform now includes Oracle FLEXCUBE Universal Banking running on Oracle Exadata Database Machine. Plans are afoot to implement Oracle's Siebel CRM in the near future. Sacombank of Vietnam has implemented the country's first Oracle Exadata Database Machine to be deployed in Vietnam, which provides data warehousing. Integration with Oracle Business Intelligence (BI) gives Sacombank with a single 360-degree view of the business and a powerful platform for a wide spectrum of business intelligence tasks ranging from predictive analytics to real-time strategic and tactical decision support throughout the organization. Down Under, the Australian Finance Group (AFG) has deployed the Oracle Exadata Database Machine to run Oracles Siebel CRM, Oracle Business Intelligence Enterprise Edition, and the Oracle E-Business Suite. AFG also uses Oracle Real Application Clusters (RAC) for high availability and Oracle Database 11g Enterprise Edition for information management.
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08 Apr 2011
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Oracle Exadata Database Machine Transforms Operations for Banco Santander (Brasil) S.A. [24082]
Server Consolidation, Data Compression, New OLTP System Result in Performance Improvements
By adopting Oracle Exadata Database Machine and Oracle Database 11g Banco Santander (Brasil) S.A. has achieved an eight-fold performance improvement in dozens of transactions, enabling the financial services company to provide business users faster access to data while also gaining a ten-fold rate of data compression, resulting in cost reductions in servers, power, real estate and maintenance. Banco Santander was assisted in this implementation by Oracle's Advanced Customer Services, Oracle Consulting and Oracle University. The company now runs the most advanced OLTP (online transaction processing) and data warehousing system in the market. Many processes, which Banco Santander was able to run only on a weekly basis with its legacy system can now be run daily.
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17 Mar 2011
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FrontRunner 2.0: Object Trading Delivers Even Faster Cross Platform DMA Integration [24013]
Runs Across Linux, Solaris and Windows
Object Trading has released FrontRunner API 2.0, which now supports customers' Direct Market Access client-system connections via their easily integrated FrontRunner API across Linux, Solaris and Windows platforms, allowing rapid (up to 25 percent faster than existing high-speed connection methods), customized development of connectivity on these platforms to over 50 destinations world-wide. At the same time, Object Trading stresses, FrontRunner also continues to natively support existing FIX-based interfaces for clients trading via FIX 4.2 and FIX 5.0 and algorithmic or front-end vendors' integration layers; including popular choices such as Trading Technologies X_Trader and the TT FIX Adapter for Asian markets, integration recently completed by Object Trading and launched in January 2011.
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07 Mar 2011
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Oracle Exalogic Elastic Cloud for Financial Services [23967]
Webinar Replay and Q&A
Watch a replay of the webcast "Oracle Exalogis Elastic Cloud: Extreme-Performance Java Platform for Financial Services" (registration and log-in required) to learn how your financial institution can benefit from adopting Oracle Exalogic Elastic Cloud.
Yogesh Rami, Director, Product Marketing, Exalogic, Oracle; Ambreesh Khanna, VP, Technology and Systems, Financial Services Global Business Unit, Oracle; and Craig Blitz, Senior Principal Product Manager, Coherence Product Management, Oracle, explain how Oracle Exalogic offers an IT solution that is highly scalable for growth and reliable for maximum customer service while at the same time being easy to maintain at the lowest cost and with minimal downtime, enabling IT departments to maximize the utilization of hardware resources and help lower transaction costs.
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