will resell the i-flex Reveleus Basel II solution, which
will add feature-rich functionality to Oracle''s enterprise
risk management and compliance platforms to deliver a
robust solution for the financial services industry. The
announcement was made by i-flex Solutions Ltd.
to the terms of the agreement, Oracle will resell and
jointly market the Reveleus Basel II solution to the financial
services industry. The solution enables institutions to
address evolving regulatory initiatives, such as Basel
II, currently being adopted by financial institutions
world-wide. It helps simplify the complex underlying framework
that the Basel II accord lays down for banks. With a comprehensive
calculation engine, Reveleus enables banks to align capital
requirements to more accurately reflect their credit,
market and operational risks.
announcement that Oracle will resell the Reveleus solution
further extends Oracle''s enterprise risk and compliance
platforms and executes on the strategy to align the i-flex
expertise with Oracle''s financial services strategy. Oracle-through
its core technology stack, internal controls management
dashboard and capabilities in learning management, identity
management, in-memory performance, content management
and business process/business activity management-provides
a comprehensive compliance and risk management framework
for the financial services industry.
are looking forward to combining the comprehensive scope
and functionality of the Reveleus Basel II solution with
the trusted reach and relationship that Oracle has in
the financial services industry, says S Ramakrishnan,
CEO, Reveleus division. I-flex Solutions
agreement cements a joint commitment to address the challenges
facing financial institutions," said.