October 18, 2012

Banks can now get better sub-ledger accounting, improved financial analytics and more efficient risk management with Financial Services SolutionPrint, a new solution that is the byproduct of a partnership between Oracle and Deloitte Consulting LLP. The pre-configured enterprise risk and finance solution includes an accounting rules library designed for financial institutions, a reporting and KPI catalogue and accompanying data models.

[See Related: Oracle's New Banking Platform Targets Big Banks with Legacy Systems ]

The solution will be made available worldwide and offers the advantage of access to Deloitte staff that specialize in tax, finance, risk and business consulting, a statement released yesterday by Oracle said. Oracle offered additional risk management functions in the solution because it found that regulations today increase the need for such risk-adjustment performance tools, Greg Midtbo, the global financial services industry leader of Oracle.

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Jonathan Camhi is a graduate of the City University of New York's Graduate School of Journalism, where he focused on international reporting and interned at the Hindustan Times in Delhi, ...