The new applications are
offered on Oracle’s Financial Crime and Compliance Management platform
Oracle Financial Services
has introduced its Financial Services Currency Transaction Reporting and
Financial Services Currency Transaction Reporting Analytics.
The new solution helps
banks to consolidate and streamline cash transaction processing, and generate
and file electronic CTR reports using a single, enterprise-wide platform.
The new solution also
helps banks get 360-degree view of all daily cash activities ensuring
compliance and improve reporting efficiency.
New we applications are
offered on Oracle's Financial Crime and Compliance Management platform.
They also will enable
banks to assess cash activity, monitor CTR metrics, and productivity, as well
as determine historical trends to prevent future compliance issues.
The new financial service
applications also support quicker reporting for electronic and internal
reporting across the enterprise.
The Oracle Financial
Services Currency Transaction Reporting will enable banks to automatically and
accurately consolidate the entire CTR process from teller entry through
automated aggregation and generation of CTRs, to logging of monetary
instruments for record-keeping and managing exemptions, through generation and
filing of required e-file reports.
