Oracle and Deloitte Offer New Solution for Accounting and Financial Analytics

Banks can now get better sub-ledger accounting, improved financial analytics and more efficient risk management with Financial Services SolutionPrint, a new solution that is the byproduct of a partnership between Oracle and Deloitte Consulting LLP. The pre-configured enterprise risk and finance solution includes an accounting rules library designed for financial institutions, a reporting and KPI catalogue and accompanying data models.

[See Related: Oracle's New Banking Platform Targets Big Banks with Legacy Systems ]

The solution will be made available worldwide and offers the advantage of access to Deloitte staff that specialize in tax, finance, risk and business consulting, a statement released yesterday by Oracle said. Oracle offered additional risk management functions in the solution because it found that regulations today increase the need for such risk-adjustment performance tools, Greg Midtbo, the global financial services industry leader of Oracle.

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio