Solix signs pact with Oracle Financial

Solix Technologies Inc., a US-based provider of enterprise data management solutions with its global development centre in Hyderabad, has signed a global partner agreement with Oracle Financial Services Software Limited.

Under the agreement, Oracle Financial will offer Solix EDMS (enterprise data management solution) as embedded functionality in Oracle FlexCube to help automate archive and purge processes by classifying data, configuring and executing archiving and data migration routines.

“This will help ensure that data remains secure giving Oracle FlexCube customers greater control over enterprise data. Moreover, Oracle FlexCube would be enabled to ensure that data can be restored quickly and accurately as and when required. This coupled with the ability to retain real-time historical data is expected to deliver added value to Oracle FlexCube customers, helping them comply with legal and regulatory requirements,” Solix said in a press release on Wednesday.

Source: http://business-standard.com

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Aircel implements Oracle applications to supprt growth plans

Aircel implements Oracle applications to supprt growth plans. Indian GSM mobile operator Aircel has implemented multiple Oracle applications to support its growth plans.

The Oracle applications, including components of Oracle Communications Service Fulfillment Suite, Siebel CRM, Oracle Fusion Middleware, Oracle Database and Oracle Real Application Clusters, will help Aircel to launch its operations in new markets and provide a platform to offer new services, build better brands and lower operational costs, said Oracle.

Wipro Limited, a member of the Oracle PartnerNetwork and partner for Aircel's IT transformation and maintenance for nine years, completed the implementation for Aircel in less than five months, added Oracle.

Aircel has deployed components of Oracle Communications Service Fulfillment Suite including Oracle Communications Service Activation, an automated platform for activation of complex services in a streamlined manner across multiple technology domains for both wireline and wireless service providers.

Aircel has also implemented Oracle Identity Management, a component of Oracle Fusion Middleware that allows Aircel to manage the lifecycle of user identities across its various departments.

Aircel expects the scalable Oracle Identity Management solution to provide a high return on investment with improved security. In addition, the company expects Oracle Identity Management to help it realize significant cost savings by automating provisioning of user accounts, dramatically reducing help desk calls, streamlining compliance audit and reporting, consolidating identity silos and allowing rapid integration with enterprise applications.

Raghav Sahgal, vice president of Oracle Communications, said: "Aircel's selection of Oracle validates our leadership and our commitment to the communications industry in India. By leveraging Oracle solutions, Aircel will be able to deliver next-generation services and content. At the same time, Aircel will be able to increase customer satisfaction and loyalty, reduce operating costs, and improve management reporting and control to capitalize on the fast-growing Indian mobile market."

Source: www.datamonitor.com

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Oracle Financial launches two new applications

Oracle Financial Services Software has launched the Reveleus ICAAP Analytics and Reveleus ICAAP Assessments solutions to help financial institutions comply with the ICAAP requirements under Pillar 2 of the Basel II accord.

Addressing all important components of the Internal Capital Adequacy Assessment Process (ICAAP) including risk assessment, risk monitoring, modeling, stress testing, risk aggregation and allocation as well as regulatory reporting, the solutions are an integral addition to the Enterprise Risk Management offering which includes Oracle Reveleus - Basel II, Market Risk, Operational Risk Economic Capital, Economic Capital Advanced and Asset Liability Management.

To help ensure that financial institutions possess adequate capital to meet current and future regulatory and economic capital requirements, Oracle Reveleus ICAAP provides capital planning capabilities to analyze baseline and stressed scenarios.

With Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments, institutions can reportedly estimate risk measures such as value-at-risk, conditional value-at-risk and unexpected loss across risk categories and then allocate these risk measures back across various lines of business.
S Ramakrishnan, CEO of Reveleus and Mantas products at Oracle Financial Services Software, said: "Oracle Reveleus ICAAP furthers our industry-leading enterprise risk management offering for financial services and provides institutions with a holistic, enterprise-wide view of risk and capital management while simultaneously helping to achieve mandated regulatory compliance."

Source: http://enterpriseapplications.cbronline.com

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