Oracle's FSI Product Roadmap
See Oracle's Product Roadmap for banking, insurance and capital markets industry solutions here.
The OAUG Financial Services Industry Special Industry Group ( FIN-SIG) is affiliated to the Oracle Applications Users Group (OAUG) and is not part of Oracle Corporation. The FIN-SIG shall fill a gap for a common forum and support/ resource base for all new and existing Oracle Applications users who operate in the space commonly called Financial Services Industry and also users who have interest in the specific packaged application software provided by Oracle Corporation to meet specific business needs of the Financial Services Industry
See Oracle's Product Roadmap for banking, insurance and capital markets industry solutions here.
December 07, 2006 (TechWorld.com) Oracle Corp. has launched a set of products designed to work across all its identity management software, which it says will help companies simplify and improve security.
i-flex, a provider of IT solutions, has said that i-flex was among the select companies that Forrester Research invited to participate in its November 2006 Forrester wave report, 'The Forrester Wave: Retail Banking Platforms, Q4 2006'. According to the report, i-flex’s FLEXCUBE scored 4.29 the highest for its current offering out of a possible score of five. Weightages were given to parameters such as functional depth and breadth, multi- channel enablement, platform agility and architecture and development.
Link to presentation by Charles Phillips, President of Oracle Corp on Oracle's FSI Product Strategy:
Wednesday August 16, 8:00 am ET
(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
Oracle Identity Management 10g Release 3 integrates multiple key software solutions that Oracle has attained through a combination of acquisitions and organic development including Web access management, user provisioning, identity federation and directory services. Built on open-standards, Oracle Identity Management 10g Release 3 is hot-pluggable and interoperates with packaged applications including Oracle E-Business Suite, Oracle's JD Edwards EnterpriseOne, PeopleSoft Enterprise and Siebel applications, and SAP. The new release also offers support for 12 additional platforms, demonstrating Oracle's commitment to heterogeneity.
Each component of Oracle Identity Management 10g Release 3 features updates including enhanced internationalization and localization support for 28 languages. Key updates include:
-- Oracle Identity Manager (formerly known as Oracle Xellerate Identity
Provisioning) -- automates the process of provisioning IT resources
across heterogeneous business processes and managed platforms; is now
integrated into the Oracle Identity Management framework; features a
new module for audit and compliance with expanded data capture, an
attestation framework, improved reporting and comprehensive platform
-- Oracle Access Manager (formerly known as Oracle COREid Access and
Identity) -- provides Web single sign-on, identity administration and
comprehensive reporting and auditing; now includes advanced password
management capabilities, new performance enhancements, shared-secret
enhancements to improve security between software components,
additional authentication triggers and new third party platform
-- Oracle Virtual Directory -- enables multiple LDAP directories or
relational databases to look like a single, unified LDAP store;
includes new audit and reporting features, and improved
installation/configuration for use with Oracle Identity Management
products, IBM Tivoli, and Microsoft Active Directory;
-- Oracle Internet Directory Services -- an LDAP v3 directory that
leverages the scalability, high availability and security features of
Oracle Database; includes enhanced LDAP-based fan-out replication,
tighter password integration with Active Directory, and OID
synchronization support for Novell eDirectory and OpenLDAP; offers
increased manageability capabilities through integration with Oracle
Enterprise Manager 10g; and
-- Oracle Identity Federation (formerly known as Oracle COREid
Federation) -- a stand-alone, simple-to-deploy, fully functional
federation server features enhanced support for SAML 2.0 and
"Now more than ever, customers are looking for a comprehensive identity management software platform that can be implemented via a single license and supported by a single vendor," said Hasan Rizvi, vice president, Identity Management development at Oracle. "Oracle Identity Management 10g Release 3 provides customers with an identity platform, that increases business agility and helps to reduce costs and to achieve regulatory compliance so that enterprises can get the most from existing and future IT investments."
Organizations Benefit from Oracle Identity Management
Highmark Inc. is the largest health insurance company in Pennsylvania based on membership and is one of the largest health insurers in the United States. Faced with a growing user population and an increasing number of applications to access, the company needed an open, standards-based identity management solution that could scale to meet its changing needs. Highmark selected Oracle Identity Management to manage more than one million external users and 12,000 internal users who access more than 50 applications via IBM WebSphere portal.
"Our existing identity management application was not open or scalable enough to meet the demanding requirements of our heterogeneous IT environment," said Mike Dowling, Identity Management Project Manager, Highmark. "Oracle Access Manager and Oracle Virtual Directory were the most open, integrated and comprehensive offerings that meet our needs. We will leverage Oracle Access Manager to streamline access to our more than 50 applications via WebSphere portal while Oracle Virtual Directory will be used to centralize identities by integrating user information from a SunOne LDAP Server, Microsoft Active Directory and RedHat LDAP."
MphasiS, a global information technology and business process outsourcing (BPO) service provider to global 2000 companies that focuses on the financial services, telecommunications, and healthcare and technology industries, is using the provisioning capabilities of Oracle Identity Management to develop and implement best practices for its contact center.
"With more than 10,000 employees working on customer engagements at any given time, it is important for us to provide top-notch service to our customers, while strengthening security and increasing productivity. To do this, we need a best-in-class, standards-based provisioning solution," said Mitish Chitnavis, group chief security officer, MphasiS. "Oracle Identity Manager was the only offering that met our requirements. We currently use the software to provision and manage user accounts across Microsoft Active Directory and Exchange 2000, BEA WebLogic, Ramco HR and various other enterprise applications in a high-volume contact center. As a result, we have reduced the average lead time from request to fulfillment from 5 days to 15 minutes across 10 different applications."
About Oracle Identity Management
Serving as the security backbone for Oracle Fusion Middleware, Oracle Identity Management helps customers and partners decrease security threats across diverse IT environments while helping address compliance needs. Oracle Identity Management's support of industry standards such as WS*, XACML, SAML and SPML help enable customers and partners to more easily integrate applications with the framework. The family of best-in-class software includes Oracle Identity Manager, Oracle Access Manager, Oracle Virtual Directory, Oracle Internet Directory, Oracle Enterprise Single Sign-On Suite, Oracle Identity Federation and Oracle Web Services Manager. To learn more, visit http://www.oracle.com/identity .
August 17, 2006
i-flex, an India-based IT solutions provider, catering to the financial-services industry will acquire Mantas, a U.S.-headquartered anti-money laundering and compliance software and services provider, for a cash consideration of $122.6 million.
After the conclusion of the deal, Oracle’s share holding will go up by three percent to more than 55% from the current 52.5%.
Through the acquisition, i-flex will gain access to Mantas’ behavior detection and compliance solution along with the financial-services’ industry expertise.
i-flex is targeting the risk and compliance requirements of financial institutions.
Mantas offers software applications that enable financial institutions to confirm to the global regulatory compliance mandates and ensure loss prevention and revenue generation. Its clientele include ABN Amro, Barclays, Bear Stearns, Citigroup and Merrill Lynch among others.
Mantas employs 150 people, and the deal will be concluded in 60 days.
Oracle unveiled the latest version of its CRM software this week, the PeopleSoft Enterprise Customer Relationship Management 9. The enhancements come as part of Oracle's "Applications Unlimited" program, adding features aimed at attracting the financial and communications industry sectors.
22-08-2006: Oracle Malaysia to grow CRM business
By Kevin Tan
Oracle Corporation Malaysia Sdn Bhd will leverage on its parent company's acquisition of Siebel to grow its Customer Relationship Management (CRM) solutions in the country, its managing director V R Srivatsan said. Using the domain expertise it acquired from the merger with Siebel, Oracle Malaysia would help companies to transform themselves into "customer-centric" organisations, he told a press briefing in Kuala Lumpur on Aug 22. Srivatsan said Malaysian companies were already at the "forefront of thinking" with regard to using CRM to improve customer satisfaction and increasing customer base. "The market is ripe; there is demand for "customer-centric" CRM in Malaysia. Strategically it's important for us," he added. Among others, it could capitalise on efforts of telecommunications companies such as Telekom Malaysia Bhd to attract more customers as well as the banking consolidation such as the merger between Bank Bumiputra Commerce Bhd and Southern Bank Bhd, he said. Meanwhile, Oracle CRM Southeast Asia managing director Norbert Kiss said the company would be bringing in more resources such as hiring more sales people in an effort to drive its CRM business in Malaysia. "We are actively engaging with customers in Malaysia across key industries - government, financial services, telco and maunfacturing - and also in the high-growth mid-market segment, to help them build new strategies and opportunities for growth and profitability," he added. According to Frost & Sullivan, the CRM market in Malaysia is expected to expand at a cummulative annual growth rate of 14.4% from 2004 to 2011, generating a market revenue of US$22.2 million (about RM80 million) in 2011.
Oracle Corporation Malaysia Sdn Bhd will leverage on its parent company's acquisition of Siebel to grow its Customer Relationship Management (CRM) solutions in the country, its managing director V R Srivatsan said.
Using the domain expertise it acquired from the merger with Siebel, Oracle Malaysia would help companies to transform themselves into "customer-centric" organisations, he told a press briefing in Kuala Lumpur on Aug 22.
Srivatsan said Malaysian companies were already at the "forefront of thinking" with regard to using CRM to improve customer satisfaction and increasing customer base.
"The market is ripe; there is demand for "customer-centric" CRM in Malaysia. Strategically it's important for us," he added.
Among others, it could capitalise on efforts of telecommunications companies such as Telekom Malaysia Bhd to attract more customers as well as the banking consolidation such as the merger between Bank Bumiputra Commerce Bhd and Southern Bank Bhd, he said.
Meanwhile, Oracle CRM Southeast Asia managing director Norbert Kiss said the company would be bringing in more resources such as hiring more sales people in an effort to drive its CRM business in Malaysia.
"We are actively engaging with customers in Malaysia across key industries - government, financial services, telco and maunfacturing - and also in the high-growth mid-market segment, to help them build new strategies and opportunities for growth and profitability," he added.
According to Frost & Sullivan, the CRM market in Malaysia is expected to expand at a cummulative annual growth rate of 14.4% from 2004 to 2011, generating a market revenue of US$22.2 million (about RM80 million) in 2011.
Two years is a long time to wait for major applications to be integrated. But that's what users of PeopleSoft, JD Edwards, and Siebel software face as they wait for the first fruits of Oracle's next-generation Fusion development project.
So Oracle is scrambling to keep those customers from defecting. Oracle president Charles Phillips last week said the Oracle-Siebel integration, called Project Genesis, is on track to be completed in September, and the company last week also began shipping the first components of PeopleSoft Enterprise 9, a major upgrade of the software.
Phillips knows where the money is
Photo by Daniel Acker/Bloomberg News
But Oracle says its keep-'em-happy efforts are paying off. When the company reported fourth-quarter earnings late last month, application license sales were up 83% from a year earlier, to $641 million. And Siebel's application sales were $81 million in the quarter, nearly double what the company expected.
Oracle also said 2,200 owners of SAP's aging R/3 software had signed on to a program that offers 100% license credit for SAP license fees if they migrate to Oracle applications.
Under Project Genesis, Oracle is building workflow links between Siebel and Oracle E-Business Suite applications. The effort will link Siebel Order to EBS Order, Siebel Opportunity to EBS Quote, and Siebel's CRM On Demand apps to Oracle EBS. The technology, which will be built into Oracle's Fusion middleware, also will link the Oracle Financial Services Applications analysis software with Siebel Business Analytics, Phillips said.
Application integration efforts like Project Genesis are a logical move since all these apps will be around for a while. At the Oracle Application User Group conference in April, Phillips promised that Oracle will maintain, enhance, and support the E-Business Suite and PeopleSoft, JD Edwards, and Siebel applications indefinitely, a change from the 2013 cutoff date it originally planned. Oracle's integration plans "are definitely being well-received by our members," user group president Patricia Dues says. "It makes sense for them to do this so all these applications can easily be integrated and work with each other."
The integration work also is part of a phased approach to moving customers to Fusion once those applications are ready, Forrester Research analyst Ray Wang says. Oracle can only migrate its acquired apps to Fusion Apps when it has standardized master data, business process, and middleware semantics. "Though customers may not be asking for this today, it's necessary for the largest enterprises," he says in an e-mail.
Included in the first PeopleSoft Enterprise 9 applications Oracle is shipping is Learning Management 9.0, which focuses on certification and regulatory compliance support. Other applications, such as PeopleSoft Enterprise Performance Management, will debut in the fall, with PeopleSoft Financial and Human Capital Management due by year's end.
Users of PeopleSoft, JD Edwards, and Siebel software want an easy upgrade to Fusion. Oracle says it has heard the message. Project Genesis will be the first proof.
With the results of the fourth Oracle Grid Index showing yet another overall rise in Grid adoption, the idea of an IT infrastructure that drives innovation, flexibility and dynamism, while reducing costs and complexity, is clearly fast becoming a reality for many of the world’s most successful organisations.
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To assess where your organisation is on the Grid Index journey we have devised ten questions that will enable you to benchmark your company's readiness and highlight where you sit compared to other businesses in your region.
Take the survey today and see how your company measures up on the journey that leads to responsive, business focused IT, that can meet current and as yet unforeseeable business demands.
Oracle has announced the general availability of its EDA (Event-Driven Architecture) suite, which consists of business activity monitoring (BAM), an enterprise service bus (BUS), an event management server, Oracle Business Rules, and Oracle Enterprise Messaging.