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Oracle Financial Crime and Compliance Management description
Oracle Financial Crime and Compliance Management is a suite of software tools designed to help financial institutions fight financial crime. It uses advanced technologies like artificial intelligence to offer a comprehensive solution for anti-money laundering (AML), know your customer (KYC), and sanctions compliance. The software can be deployed on-premises or through the cloud, and helps businesses comply with regulations, detect and prevent financial crime, and streamline compliance processes, all while aiming to reduce costs. Oracle emphasizes its experience in the field and offers various resources such as webinars and e-books to support their clients.
Who is Oracle Financial Crime and Compliance Management best for
Oracle Financial Crime and Compliance Management helps financial institutions fight financial crime with AI-powered tools for AML, KYC, and sanctions compliance. This comprehensive suite streamlines compliance processes, reduces costs, and enhances detection and prevention. It's ideal for regulated institutions seeking robust solutions and advanced technologies.
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Best fit for medium to large financial institutions (101+ employees).
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Specifically designed for the finance, banking, and insurance sectors.
Oracle Financial Crime and Compliance Management features
Supported Screens transactions against configurable rules, sanctions lists, watch lists, and negative news. It reduces false positives by analyzing transaction history and relationships between entities. |
Supported Supports Sanctions screening, AML reporting, and other compliance areas, including KYC. It offers configurable reporting templates, integrates with other compliance systems, and provides audit trails. |
Supported Offers a centralized platform to track, investigate, and resolve cases related to financial crime investigations and compliance issues, improving efficiency and collaboration among investigators and compliance officers. |
Supported Provides a central hub for investigations, connecting all relevant data and tools. It enables efficient collaboration and information sharing among investigators, leading to faster and more effective investigations. |
Supported Automates tasks such as data collection, analysis, and reporting, reducing manual effort and improving efficiency, allowing compliance teams to focus on higher-value activities. |
Supported Provides real-time insights into financial crime risks and compliance status, helping organizations identify and address potential issues proactively, minimizing risks and losses. |
Supported Enables financial institutions to manage all aspects of KYC, including customer due diligence, risk assessment, and ongoing monitoring. |
Oracle Financial Crime and Compliance Management pricing
The commentary is based on 1 reviews from Oracle Financial Crime and Compliance Management G2 reviews.
Reviews indicate Oracle Financial Crime and Compliance Management's pricing is considered expensive. While the cost is a significant factor, some users find the robust features and regulatory compliance capabilities justify the investment. There is no publicly available pricing information.
See the Oracle Financial Crime and Compliance Management pricing page.
Oracle Financial Crime and Compliance Management alternatives
Oracle Financial Crime and Compliance Management FAQ
Oracle Financial Crime and Compliance Management is a software suite designed for financial institutions to combat financial crime. It leverages AI for AML, KYC, and sanctions compliance. Deployable on-premises or via the cloud, it streamlines compliance processes, reduces costs, and helps prevent financial crime.
What is Oracle Financial Crime and Compliance Management and what does Oracle Financial Crime and Compliance Management do?
Oracle Financial Crime and Compliance Management is a software suite designed for financial institutions to combat financial crime. It leverages AI for AML, KYC, and sanctions compliance. Deployable on-premises or via the cloud, it streamlines compliance processes, reduces costs, and helps prevent financial crime.
Oracle Financial Crime and Compliance Management integrates with other compliance systems and offers configurable reporting templates. It also supports sanctions screening, AML reporting, and KYC processes, enabling a holistic approach to financial crime prevention.
How does Oracle Financial Crime and Compliance Management integrate with other tools?
Oracle Financial Crime and Compliance Management integrates with other compliance systems and offers configurable reporting templates. It also supports sanctions screening, AML reporting, and KYC processes, enabling a holistic approach to financial crime prevention.
Top alternatives to Oracle Financial Crime and Compliance Management include Actimize AML Essentials, SAS Anti-Money Laundering, Focal, Abrigo BAM+, OMNIO, and Strise. These solutions offer similar AML, KYC, and sanctions screening capabilities.
What the main competitors of Oracle Financial Crime and Compliance Management?
Top alternatives to Oracle Financial Crime and Compliance Management include Actimize AML Essentials, SAS Anti-Money Laundering, Focal, Abrigo BAM+, OMNIO, and Strise. These solutions offer similar AML, KYC, and sanctions screening capabilities.
Yes, Oracle Financial Crime and Compliance Management is a legitimate product offered by Oracle, a reputable software company. It helps financial institutions comply with regulations, detect and prevent financial crime, and streamline compliance processes. It's designed to reduce costs associated with compliance.
Is Oracle Financial Crime and Compliance Management legit?
Yes, Oracle Financial Crime and Compliance Management is a legitimate product offered by Oracle, a reputable software company. It helps financial institutions comply with regulations, detect and prevent financial crime, and streamline compliance processes. It's designed to reduce costs associated with compliance.
I cannot find pricing details for Oracle Financial Crime and Compliance Management. Contact Oracle sales for product pricing and to determine if the product is worth the investment for your needs.
How much does Oracle Financial Crime and Compliance Management cost?
I cannot find pricing details for Oracle Financial Crime and Compliance Management. Contact Oracle sales for product pricing and to determine if the product is worth the investment for your needs.
There are no customer service reviews available to determine if Oracle Financial Crime and Compliance Management's customer service is good or bad. Therefore, I cannot assess the quality of their customer service.
Is Oracle Financial Crime and Compliance Management customer service good?
There are no customer service reviews available to determine if Oracle Financial Crime and Compliance Management's customer service is good or bad. Therefore, I cannot assess the quality of their customer service.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.