Oracle Financial Services Named Category Leader in Inaugural Edition RiskTech AI 50 2024 report from Chartis Research, a global leader in risk technology research and analysis. Oracle achieved the highest overall ranking among fifty industry players, highlighting its success in delivering powerful AI solutions – from infrastructure to AI-driven applications – that help financial services organizations operate more efficiently. effectively and mitigate risks.
The RiskTech AI 50 report recognizes leaders in the financial risk management industry who have demonstrated excellence across four key criteria: impact, deployment, strategy and innovation. Oracle’s advanced AI-driven applications, particularly in the areas of retail banking, finance and accounting, played a central role in this recognition. The company also leads in seven categories, including innovation, impact, IT infrastructure for AI, use of AI in retail banking, use of AI for finance and accounting, and AI-based document and data management frameworks.
“Being named a top performer in the RiskTech AI 50 report demonstrates Oracle’s commitment to delivering cutting-edge AI-powered solutions that drive significant impact for our customers in the financial services industry” , said Sonny Singh, executive vice president and general manager, Oracle Financial Services. “Our ongoing investments in AI and machine learning continue to provide financial institutions with the tools they need to stay ahead and drive resilience and growth through innovative and intelligent risk management strategies .
Chartis conducted a detailed analysis of vendors across the risk management landscape, assessing their capabilities and use of AI. The report highlights the depth and breadth of AI applications in the sector, from emerging large language model (LLM)-based applications to established credit scoring and fraud detection models, to help stakeholders navigate the complex and rapidly evolving field of AI-driven risk management. . Oracle’s strong performance reflects its ability to meet growing industry demands while advancing the future of AI in financial services.
“Oracle’s top ranking for RiskTech AI, as well as multiple awards, highlights its expertise in AI and its ability to deploy it at scale,” said Maryam Akram, research director at Chartis Research. Cloud infrastructure, combined with proprietary algorithms and sophisticated databases, have been key factors in their success. Oracle’s ability to leverage a range of machine learning techniques across a wide range of solutions also contributed to their victory.
For more information about Oracle Financial Services features, please visit: https://www.oracle.com/financial-services/
###
About Oracle
Oracle offers integrated application suites and secure, self-contained infrastructure in Oracle Cloud. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.
About Oracle Financial Services
Oracle Financial Services provides solutions for retail banking, corporate banking, payments, asset management, life insurance, annuities and healthcare payers. Through our comprehensive set of digital and integrated data platforms, banks and insurers are able to deliver next-generation financial services. We enable customer-centric transformation, support collaborative innovation and drive efficiency. Our data and analytics platforms help financial institutions better understand their customers, integrate risk and finances, combat financial crime, and comply with regulations. To learn more, visit our website at oracle.com/financial-services/.
This news content was configured by the WebWire editorial staff. Linking is allowed.
Distribution of press releases and press releases Distribution Services Powered by WebWire.