sufficient for our organisation,’ said Snyman. The platform also looked to be ‘robust and solid’.
An imminent need to move First Rand and RMB from
Ireland to the UK, stipulated by the Reserve Bank in August 2008, meant this became the priority. The Oracle Hub was duly implemented. It was a finance-only deployment and approval by the UK’s FSA was received by 1st December 2008. The domestic South African project saw some hold-ups but a first phase was completed for equities, with subsequent areas of business being moved into the new architecture every two or three months. RMB had looked to Oracle for ‘industry best practice’, said Snyman. If it had taken practices from its own business units, then the project would have merely replicated the existing poor processes, he felt. Basically the bank was moving to a point where accounting and risk would use ‘the same starting point’. Hong Kong-based China CITIC Bank took what are now
User list Revelus and Financials Accounting Hub
Example customers
ACCBank (Ireland) (Reveleus) African Banking Corporation (Reveleus) American Stock Exchange (US) (Reveleus) Banco Latinoamericano de Exportaciones (Bladex) (Panama) (Reveleus)
BMO Financial Group (Canada) (Reveleus) Bank of Punjab (Pakistan) China CITIC Bank (Hong Kong) CitiFinancial Mortgage (US) (Reveleus) Citigroup (US) (Reveleus) CitiMortgage (US) (Reveleus) DBS Bank (Singapore) (Reveleus) Enat Bank (Ethiopia) First Global Bank (Jamaica) (Reveleus) First Global Financial Services (Jamaica) (Reveleus) First Investment Bank (Bulgaria) (Reveleus) Fullerton India Credit Company (India) (Reveleus) HDFC Bank (India) (Reveleus) Interbank (Peru) (Reveleus) International Monetary Fund (IMF) (Reveleus)
Investec (Australia, South Africa, UK) (Reveleus) Lloyds TSB (UK) (Reveleus) MCB Bank (Bahrain) MCB Bank (Ireland) MCB Bank (Pakistan) MCB Bank (UAE) NAB (Australia) National Commercial Bank (Saudi Arabia) (Reveleus) Pasha Bank (Azerbaijan) Permanent TSB (Ireland) (Reveleus) Rand Merchant Bank (South Africa, UK) (Financials Accounting Hub)
SICREDI (Brazil) (Reveleus) SunTrust (Reveleus) TAIB Bank (Bahrain) (Reveleus) Union Bank of India (India) (Reveleus) UTI Bank (India) (Reveleus) Wells Fargo Bank (US) (Reveleus) Woori Financial Group (South Korea) (Reveleus)
Risk Management Systems & Suppliers Report |
www.ibsintelligence.com 107
branded as Oracle Financial Services Analytical Applications Infrastructure,
Oracle Financial Services Asset Liability
Management Analytics, and Oracle Financial Services Asset Liability Management. The bank integrated them with Oracle Business Intelligence Suite, Enterprise Edition. A key benefit cited by the bank was accelerated report production through the generation of daily liquidity gap and net-interest income reports. This provided an audit trail for the balance sheet-management process and improved asset liability management. Oracle OpenStack for Oracle Linux Release 2 is the available OpenStack
first commercially implementation
completely packaged as Docker instances, which eliminates the need to install components individually and streamlines installation, configuration and upgrades. An integrated, enterprise-ready OpenStack solution, Oracle OpenStack for Oracle Linux Release 2 can be deployed in private, public or hybrid clouds.
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