April 16, 2009

With the aim of helping financial institutions to better manage their exposure, Oracle Financial Services Software announced the availability of Oracle FLEXCUBE Enterprise Limits and Collateral Management.

The solution is an enterprise application that enables banks to achieve a holistic view of their exposure by helping them to centralize collateral management, limits definition, and tracking and measurement of exposure across the institution, Oracle said in a release.

Customers can centralize exposure management across the entire spectrum of offerings including loans, trade finance, treasury and overdrafts.

The application is process-driven and architected to deliver comprehensive capability that helps banks to deploy it centrally.

It leverages the Oracle Industry Reference Model for Banking to help standardize business processes and replicate best practices across the enterprise, Oracle said.

Banks can use the solution to help streamline collateral management processes with a flexible structure that provides for real-time revaluation. This enables them to maintain realistic limits that reflect prevailing market trends, according to the vendor. "Such a system that is integrated into a comprehensive business process framework would allow for easy deployment in various types of institutions with different process flows and requirements,"Adam Honore, Senior Analyst, Aite Group, said in the release.

"Banks can no longer afford to silo information in multiple repositories and aggregate that data through some nightly batch process. Day old data is no longer sufficient for an effective risk management practice," he added. "Further, banks need to be building a framework that allows some agility in being able to adopt new data sources and incorporate as much relevant information as possible, as quickly as possible, into their client and counterparty management."

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in ...