Oracle (NYSE:ORCL) shares grew sharply on announcing Oracle Financial Services Profitability and Balance Sheet Management Cloud Services. With Asset Liability Management, Cash Flow Engine, Funds Transfer Pricing, and Profitability Management applications, the new suite of SaaS solutions provides banks deep insights into profitability, interest margins, interest rate risk, and balance sheet trends to make critical business decisions faster, while meeting complex risk management reporting requirements. The services are now available globally.
“The suite of solutions,” to quote this morning’s news release, “provides a framework for multi-dimensional profitability and balance sheet management by helping financial institutions better understand profitability across business dimensions, use flexible forecast assumptions to accurately model Net Interest Income (NII), and address risk management requirements. The applications leverage the integration of Generative AI and Natural Language Generation (NLG) to enhance data interpretation by automatically generating detailed insights.”
"Oracle has set the standard in the financial services industry for running integrated analytical applications across finance, risk, treasury, financial planning and analysis, and compliance," said Sonny Singh, executive vice president and general manager, Oracle Financial Services. "With these cloud-native services for profitability and balance sheet management, we are empowering financial institutions to optimize operations, and drive more sustainable growth by using advanced analytics and integrated AI to gain critical insights, such as drain on profitability, or a risk-adjusted view of performance to immediately adjust to market realities."
ORCL shares picked up $1.74, or 1%, to $171.71.
