Chartis Names Oracle Category Leader for Financial Crime Risk Management

REDWOOD SHORES, Calif., Sept. 25, 2017 /PRNewswire/ -- Oracle Financial Crime and Compliance Management (FCCM) has been named a category leader for solutions in Anti-Money Laundering (AML), Enterprise Fraud, Know Your Customer (KYC), Watchlist Monitoring and Trader Surveillance by Chartis Research. Oracle is the only company to be identified by Chartis as a category leader in all five financial crime risk management categories.

"Our placement on the Chartis Research report re-affirms our status as a best-in-class provider with an unmatched array of services, and is reflective of the meticulous attention we place on our FCCM solutions," said Oracle Financial Services Analytical Applications Group Vice President and General Manager Ambreesh Khanna. "We are at a time of renewed focus on anti-money laundering precautions and we take great pride in assuaging customers' concerns through exemplary offerings. Oracle offers an un-paralleled, comprehensive solution set for financial crime risk management systems and we look forward to further strengthening this toolset."

"I'm extremely pleased that our intense focus on improving detection effectiveness and the efficiency of case investigations is being validated in the industry," said Oracle Financial Crime and Compliance Management Vice President Sunil Mathew. "There is a great new interest in applying cutting-edge detection technologies such as Machine Learning and Graph Analytics across all of these risk areas and having the strength of Oracle's technology R&D behind our applications team has helped differentiate our approach in the marketplace."

The Chartis Financial Crime Risk Management Systems Market Update 2017 analyzes an environment that faces a significant level of disruption from new vendors, many of which are exploiting new technologies. The Chartis methodology takes into account the full breadth of risk management tools truly needed to run an enterprise-wide solution, taking a holistic view of the technology, tools and techniques used.

The report also features the Chartis RiskTech Quadrant^TM to better illustrate vendor landscape. This quadrant utilizes a comprehensive methodology formed through in-depth independent research and a scoring system that explains which technology solutions best meet an organization's needs. It provides an exhaustive and in-depth look at the best AML, fraud technology, KYC, watchlist monitoring and trader surveillance solutions available in today's marketplace, with Oracle ranking as a category leader in every section.

"Oracle demonstrates strong, across-the-board leadership, emerging as a category leader in all five risk categories we investigated," said Sid Dash, Research Director at Chartis Research. "They demonstrated a strong and well-focused set of product functionality and technological capability, along with impressive breadth and depth of services and delivery capacity, backed up by a strong support infrastructure."

Download an executive summary of the Chartis Financial Crime Risk Management Systems Market Update 2017 Report here.

About Oracle
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

About Chartis
Chartis is the leading provider of research and analysis on the global market for risk technology, and is part of InfoPro Digital. Chartis's goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

RiskTech Quadrant^®, RiskTech100^® and FinTech Quadrant^TM are registered trademarks of Chartis Research (http://www.chartis-research.com).

SOURCE Oracle

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