Financial Crime World

Here is the rewritten article in markdown format:

Financial Institutions in Argentina Turn to Oracle for Accounting and Regulatory Compliance Solutions

===========================================================

In a bid to minimize the impact of rapidly changing accounting and regulatory reporting requirements, financial institutions in Argentina are increasingly turning to Oracle’s cutting-edge solutions. The company’s comprehensive suite of products aims to transform costs into savings and focus on profit by providing a unified data model and future-proof financial services accounting software.

Regulatory Reporting Made Easy

One of the key areas where Oracle’s solutions are making a significant impact is in regulatory reporting. With its highly flexible and customizable rules engine, the company’s OECD domestic guidelines solution enables financial institutions to perform full regulatory compliance, due diligence, and regulatory reporting - including corresponding e-file reports.

Key Benefits of Oracle’s Regulatory Reporting Solution

  • Flexible and customizable rules engine for easy regulatory reporting
  • Enables full regulatory compliance, due diligence, and regulatory reporting
  • Corresponding e-file reports included

FRTB Compliance Simplified

In another area, Oracle’s FRTB solution has been designed to enable proactive and accurate measurement, evaluation, monitoring, and management of risk in the trading book. This helps comply with capital calculations for both the standardized and internal models approaches.

Key Benefits of Oracle’s FRTB Solution

  • Enables proactive and accurate measurement, evaluation, monitoring, and management of risk
  • Complies with capital calculations for both standardized and internal models approaches

CECL Implementation Streamlined

Oracle’s CECL solution also aims to automate provisioning calculations using a highly configurable application that maintains data integrity and reconciliation across risk, finance, and accounting systems.

Key Benefits of Oracle’s CECL Solution

  • Automates provisioning calculations with high configurability
  • Maintains data integrity and reconciliation across risk, finance, and accounting systems

A Single Source of Truth Across the Organization

According to Oracle, its solutions provide financial institutions with a single source of truth across the organization. This enables better control over data quality and consistency across risk and finance reporting, thanks to a conformed dimensional data repository.

Key Benefits of Oracle’s Single Source of Truth Solution

  • Provides a single source of truth across the organization
  • Enables better control over data quality and consistency across risk and finance reporting

Modern Analytics and Faster Insights

Oracle’s modern, future-proof platform is designed to reduce unnecessary costs and maximize investments by addressing changing business and regulatory requirements. The company claims that its solutions provide financial institutions with modern analytics and faster, actionable insights.

Key Benefits of Oracle’s Modern Analytics Solution

  • Reduces unnecessary costs and maximizes investments
  • Provides modern analytics and faster, actionable insights

Integrated Risk and Finance Reporting Made Easy

The company’s solutions are also aimed at automating financial and regulatory reporting from data capture and consolidation to computation and submission to regulatory authorities. This helps simplify the process of integrating risk and finance reporting for financial institutions in Argentina.

Key Benefits of Oracle’s Integrated Risk and Finance Reporting Solution

  • Automates financial and regulatory reporting
  • Simplifies integration of risk and finance reporting

Getting Started with Oracle’s Accounting and Regulatory Compliance Solutions

Financial institutions interested in learning more about Oracle’s accounting and regulatory compliance solutions can visit the company’s website or contact a sales representative directly.