ComplianceAchieving the goals set by BCBS239 will enable financial institutions to secure an important competitive advantage as well as set the pattern for regulatory compliance for the industry to follow. The benefits of such action are imparted not only to the regulators, but shared amongst the bank, its customers and its shareholders.
Despite goals set by banks to enhance their risk management and decision-making processes, the intricacies of data governance remains an elusive challenge to even the most prestigious financial institutions. Contending with data infrastructure inadequacy seems almost an insurmountable barrier when needing to systemically prove progression towards compliance. As such, it is crucial for banks to establish a firm grasp of the considerations before approaching a comprehensive risk IT/Operations transformation project.
This is why Oracle has brought you the best coverage of BCBS239 to help you understand the multi-faceted strategy behind building a common data foundation. The purpose of this site is to bring the issues and challenges behind BCBS239 compliance to the fore, so that financial institutions can assess and evaluate these head on.
Oracle’s involvementTaking action with the right partner is integral to enhancing decision making and building a unified data infrastructure – allowing you to vouch confidently for your data completeness, clarity and consistency. A dedicated partner will enable you to capture significant business benefits, such as lower costs and revenue loss as a direct result of superb data governance, quality and servicing. We also give you a view into all aspects of the data management lifecycle to ensure your business aligns with BCBS239 parameters – an advantage that is critical in navigating your operating model both during periods of business-as-usual and periods of stress.
Why Oracle is leading the conversationBacked by deep industry expertise and strength of technology, Oracle provides you with everything you need to take control of your data governance needs, all in line with BCBS239 regulation. Our Financial Services Analytical Applications comprises the complete set of tools required across all functional domains to deliver integrated and conformed results faster than anyone else.