Oracle Financial Crime and Compliance Management (FCCM)

For over 25 years, Oracle has been at the forefront of technology and innovation — helping financial institutions (FIs) fight money laundering and other financial crimes to create a 'safer world.'

Oracle Financial Crime and Compliance Management (Oracle FCCM) is a market-leading solution suite that leverages AI, ML and graph to modernize AML Compliance programs, and is designed to address the FIs' most demanding compliance needs. The suite delivers proven capabilities for customer onboarding, sanctions screening, due diligence, anti-money laundering, enterprise-wide investigation, and, regulatory and operational reporting.

Oracle FCCM solution suite is built on a robust data model with a comprehensive data management foundation, and is powered by advanced analytics. It offers seamless onboarding, detection accuracy, boosts investigator productivity, improves operational efficiency, delivers frictionless customer experience, and drives cost reduction for the compliance organization.

The FCCM suite offers a holistic, customer-centric and seamless KYC approach to limit friction at multiple touchpoints across the customer journey – from onboarding to continuous monitoring throughout the lifecycle. To address the complexities of evolving sanctions, the suite provides a comprehensive and integrated approach to sanctions screening by bundling the customer screening and transaction filtering applications together, with a built-in, robust data quality engine and integrated case management functionality.

The Oracle FCCM solution suite also offers an advanced analytics platform that enables data scientists to discover and model financial crime patterns rapidly. This advanced analytics platform introduces a new way to address the entire Artificial Intelligence (AI) lifecycle, starting from ideation, data sourcing, building, and evaluating the AI models, deployment orchestration, continuous monitoring, and maintenance. It provides all the controls FIs need to manage and govern their AI initiatives responsibly. Theanalytics platform also includes market-leading capabilities like entity resolution, ML-driven event scoring, unsupervised customer segmentation, and a multitude of other capabilities and features related to Machine Learning, Graph Analytics, Natural Language Processing, and other advanced technologies that fuel automation and analytic precision to detect and prevent financial crimes.

The solution suite also offers an intuitive investigation platform that uses graph technology to speed up financial investigations. It links customers, accounts, external entities, transactions, and external data, to provide a holistic graph representation of data that aids in uncovering any otherwise hidden suspicious patterns. FI's with this capability can empower their teams with comprehensive intelligence to optimize efficiency with built-in automation and interactive visual displays.

Oracle has also released the Oracle FCCM Cloud Service, a suite of applications delivered as a service with integrated case management and advanced analytics capability. Oracle FCCM Cloud Service is uniquely designed to keep small to mid-sized FIs safe, compliant, and ready for business growth. The Oracle FCCM Cloud Service provides them the same technology and compliance readiness as the larger organizations, and, is user-friendly, easy to configure, and cost-effective to help the smaller FIs realize immediate value.

• 360° view of individuals/ entities with Real-time Entity Scoring Engine
• Continuous monitoring supported by advanced and enhanced due diligence
• Enterprise-wide risk-based monitoring, investigations, and reporting for suspicious activities with advanced analytics and scenarios built and proven for the financial services industry
• Comprehensive analytics toolkit to rapidly discover and model emerging risks and financial crime patterns
• Proven enterprise financial crimes graph model accelerates financial crime investigation use cases
• Automatically and intelligently consolidate the entire Currency Transaction Report (CTR) process from teller to reporting
• Supports the e-filing of cash transactions greater than $10,000 or multiple transactions that aggregate to $10,000
• Actively assess cash activity, CTR metrics, and productivity with ad-hoc analyses and comply with regulatory and internal reporting mandates within a single enterprise system
• TIN level aggregation of transactions across branches over a configurable look-back period (default two days) is supported
• Make data lakes usable by easily incorporating visualizations and results into operational systems using standard REST API calls
• Leverage existing knowledge in open tools such as Apache Spark, Apache Zeppelin, R, and Python
• Includes a highly scalable in-memory Oracle Graph Analytics Engine (PGX) which uses an SQL-like graph query language (PGQL)
• Leverages graph, supervised ML, and unsupervised ML to build typology detection models, detect anomalies, and risk score customers or events

• Streamline onboarding process with minimal customer touchpoints and comply with AML/FATFbased KYC regulatory requirements
• Multi-jurisdictional, realtime, and on-demand screening capability
• Accelerated Adaptability to Changes in Rules and Regulations
• Manage AML compliance faster and smarter with prebuilt regulatory analytics and sound data integrity
• Discover emerging risks and test for known risks coverage using the power of graph analytics and Big Data
• Ensuring regulatory compliance while enhancing customer experience
• Increased accuracy in identifying suspicious or fraudulent activities/ transactions
• Lowest false positives and reduced investigation times
• Increased operational efficiencies and reduced costs of compliance