Survey rates Oracle financial solution high

Oracle Financial Services Software has been ranked high as the leader for compliance software, according to the highly rated publication’s 2009 Annual Compliance Software Survey.

Readers selected Oracle as a top-three vendor across six of the survey’s eight compliance software categories, according to officials of the company. “No other vendor achieved this distinction in the 2009 survey,” a press statement from Oracle stated.

Equally, ITRealms Online gathered that Oracle ranked first for anti-money laundering (AML) and governance, risk and compliance (GRC) software products.

The survey results also recognized Oracle in the Sarbanes-Oxley Act, compliance monitoring and control, anti-fraud, and regulatory reporting product categories.

OpRisk & Compliance compiles its compliance software rankings based on the results of a survey sent to more than 6,000 of its readers from financial institutions around the globe.

Respondents selected their top five companies in eight compliance product categories:  AML; GRC; Sarbanes-Oxley; compliance monitoring and control; anti-fraud; regulatory reporting; spreadsheet products; and e-mail archiving, data storage and reporting.

OpRisk & Compliance wrote, “Oracle is the stand-out vendor across numerous categories this year. It has benefited from the rebranding of its several units – namely Oracle, Mantas and Reveleus – into a single entity, as well as building on its outstanding reputation as a premier player in the risk and compliance sector.
Such a solid performance in so many areas demonstrates Oracle’s truly enterprise reach.”

“Financial institutions are no longer looking for piecemeal compliance solutions; they want a strategic partner that offers comprehensive solutions and has the capability to meet their needs across numerous compliance requirements,” said S. Ramakrishnan, Chief Executive Officer of Reveleus and Mantas Products, Oracle Financial Services Software. 

“The results of OpRisk & Compliance’s 2009 compliance software rankings reflect the value that Oracle Financial Services Software and its solutions deliver – helping financial institutions to break down silos and achieve a full view of risk.” 

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.

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