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February 15, 2010

Oracle extends unified suite of financial services analytical applications for EPM

Based on merged capabilities of OFSA, Hyperion, Reveleus and PeopleSoft enterprise performance management

By CBR Staff Writer

Oracle has unveiled new and upgraded applications for its unified suite of financial services analytical applications for enterprise performance management (EPM), bsased on the merged capabilities of Oracle Financial Services Applications (OFSA), Hyperion, Reveleus and PeopleSoft Enterprise Performance Management.

The company said that the new applications are designed to help institutions focus on planning future performance and lowering anticipated risk; plan net interest margin, anticipate liquidity contingencies and reconcile asset/liability management forecasts with annual budgets and rolling forecasts; and

enable managing future risks and results.

According to Oracle, the new financial services balance sheet planning, a budgeting offering made for bank planning, budgeting and forecasting, leverages its Hyperion Planning as a foundation to allow banks to plan future profitability and risk adjusted returns. It captures instrument characteristics of each customer relationship to model balance sheet behaviour and provide net interest margin and earnings forecasts possible.

The financial services asset liability management analytics, an updated version of the asset liability management business intelligence application, is built on the existing interest rate risk content, new metrics, reports and dashboards to provide management insight into results including liquidity gaps, funding concentrations, deposit distribution profiles, marketable assets and liquidity ratios, the company said.

Ramakrishnan, group vice president and general manager of Oracle Financial Services Analytical Applications, said: “With the release of Oracle Financial Services Balance Sheet Planning and Oracle Financial Services Asset Liability Management Analytics, banks are able to obtain greater insight into an integrated view of balance sheet risks and returns that represents a key strategic differentiator for financial services institutions as they implement strategies to manage risk while maximising shareholder value.”

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