According to the company, the new solution offers financial institutions the ability to access crucial information across the entire organization, with insight into the users, finance, compliance and risk-related data and activities needed to address comprehensive reporting requirements.
Oracle Financial Services users can deploy data model designed for simplified extract, transform and load (ETL), improved load times and improved query response times, the company said.
Control and manage analytical data with a unified infrastructure that runs analytical applications and complex reporting in the warehouse to handle the high-volume, cross-functional computations required to meet regulatory mandates for liquidity and stress testing.
The company claims, that the new data warehouse can address accuracy and consistency issues with contextual data-quality checks and automate the removal of inconsistencies across ledgers and books with centralized reconciliation capabilities.
User can access a single, conformed and pre-built, "self-service" reporting and business intelligence environment that supports cross-functional analytics by design and extensible to meet future demands, the company said.
