Software provides financial crime and compliance management.
Press Release Summary:
Oracle® Mantas Behavior Detection Platform offers enterprise-level case management as well as alert/event correlation and helps companies meet regulatory compliance. It delivers interactive dashboards as well as drilldown/query capabilities via Oracle Business Intelligence Suite Enterprise Edition Plus. Working with Oracle Adaptive Access Manager, it helps correlate events and identify patterns. Link analysis, network visualization, and presentation layer further facilitates investigations.
Original Press Release:
Oracle Financial Services Software Announces New Release of Oracle® Mantas
Release Strengthens Governance, Risk and Compliance (GRC) Framework to Help Financial Institutions Meet Financial Crime and Compliance Management Demands
HOLLYWOOD, Fla., March 16 / / - 14th ANNUAL INTERNATIONAL ANTI-MONEY LAUNDERING CONFERENCE -
News Facts
- As part of its ongoing commitment to provide the financial services
sector with a comprehensive solution for mitigating risk, meeting
regulatory compliance and enhancing customer relationships, Oracle
Financial Services Software today announced the availability of the
latest release of the Oracle® Mantas Behavior Detection Platform.
- The new release of Oracle Mantas provides sophisticated detection and
prevention functions, enhanced investigations through enterprise-level
case management as well as alert and event correlation for a single
financial crime and compliance management reporting platform.
- Oracle Mantas delivers interactive dashboards as well as drill down
and ad hoc query capabilities provided by the Oracle Business
Intelligence Suite Enterprise Edition Plus.
- Working with Oracle Adaptive Access Manager, Oracle Mantas enables
financial institutions to correlate events and identify patterns
through real time cross-channel fraud and suspicious activity
monitoring along with industry-proven, fraud prevention and
interdiction capabilities.
- Oracle Mantas, deployed today in 67 countries, also helps customers
reduce false positives, achieve quicker time-to-compliance and improve
their audit cycles.
- Oracle Mantas' Anti-Money Laundering, Fraud, Know Your Customer,
Broker Compliance and Trading Compliance are a comprehensive, proven
suite of applications designed to deliver value to financial
institutions at a low total cost of ownership.
Enhancements Improve Business Processes and Help Reduce Expenses
- New alert correlation capabilities in Oracle Mantas enable financial
institutions to more easily integrate information from multiple
sources to identify anomalies in behavior across channels and lines of
business.
- Enterprise-level case management functionality provides institutions
with a complete, holistic and contextual investigation platform that
is standards-based and seamlessly integrated with downstream workflows
to simplify the process of generating and filing regulatory reports.
- Powerful link analysis and network visualization capabilities assist
in identifying complex fraud and money laundering patterns and
relationships between seemingly unrelated customers, entities and
accounts. An integrated presentation layer enables contextual
investigative and analytical capabilities.
- Flexible and extensible peer profiling and peer group definition
functions enables financial crime and compliance business units to
monitor, detect and report against business specific peer groups thus
achieving effective monitoring and management of false positives.
Supporting Quote
- "Financial crime and compliance management has become a leading focus
of regulators and financial institutions across the globe," said S.
Ramakrishnan, CEO of Reveleus and Mantas products, Oracle Financial
Services Software. "With the new release of Oracle Mantas, we are
uniquely positioned to provide institutions with a holistic approach
to financial crime management by offering a comprehensive solution
that is integrated across key dimensions including detection,
prevention, investigation and resolution as well as across multiple
channels and lines of business."
Supporting Resources
- Oracle Mantas Behavior Detection Platform
- Oracle Mantas Ranked 'Best AML Solution'
- Oracle Analytics for Financial Services
- Oracle in Financial Services
About Oracle Analytics for Financial Services
Oracle Analytics for Financial Services is a complete and fully integrated portfolio of analytical solutions covering enterprise risk, performance management, regulatory compliance and customer insight. It is built upon a shared analytical infrastructure consisting of a unified financial services data model, shared analytical computations and the industry-leading Oracle Business Intelligence platform. For more information visit Oracle Analytics for Financial Services.
About Oracle
Oracle (NASDAQ:ORCL) is the world's largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
About Oracle Financial Services Software Limited
Oracle Financial Services Software Limited (referred to as "Oracle Financial Services Software") (Reuters: ORCL.BO & ORCL.NS) is a majority owned subsidiary of Oracle. Oracle Corporation [NASDAQ: ORCL] is the world's largest business software company. For more information, visit http://www.oracle.com/financialservices.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com
Web Site: http://www.oracle.com/
