Financial Crime World

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Financial Crime Data Analytics in Jordan

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The Kingdom of Jordan has been taking steps to strengthen its anti-money laundering (AML) and know your customer (KYC) regulations to combat financial crime. Oracle’s Financial Crime and Compliance Management solution suite is playing a key role in this effort.

Oracle’s Recognition

Oracle’s Financial Crime and Compliance Management solution suite has been consistently ranked as a Technology Leader by Quadrant Knowledge Solutions in their SPARK Matrix Anti-Money Laundering, Know Your Customer, and Watchlist and Sanctions Monitoring solution reports. Additionally, Oracle was recognized for its technology excellence and customer impact.

Awards and Recognition

Oracle’s Financial Crime and Compliance Management solution suite has received several awards and recognition, including:

  • “Best Solution for Managing Financial Crime” by RegTech Insight Awards Europe 2023
  • Highly commended for know your customer (KYC), onboarding, PEPs, and sanctions screening solutions by Regulation Asia Awards for Excellence 2021

Benefits of Oracle’s Solution

Oracle’s Financial Crime and Compliance Management solution suite offers several benefits to financial institutions in Jordan, including:

  • Enabling banks and financial institutions to modernize their AML compliance programs
  • Leveraging AI, ML, and graph analytics to detect and prevent money laundering activity

Case Study: VPBank

The Regulation Asia Awards for Excellence 2022 honored Oracle and VPBank for the successful implementation of Oracle’s financial crime and compliance management solution suite at VPBank. The solution enabled VPBank to adopt global best practices in AML compliance, helping them fight financial crime.

Additional Insights

For more information on how to combat financial crime with graph analytics, read Oracle’s ebook “Play Beyond the Rules: Fight Money Laundering with Graph Analytics”. To learn more about a modern anti-money laundering program and its benefits for midsized banks, read Oracle’s ebook “A Modern Anti-Money Laundering Program: What It Is and What It Does”.

Conclusion

Oracle’s Financial Crime and Compliance Management solution suite is playing a key role in the fight against financial crime in Jordan. With its advanced analytics and compliance capabilities, the solution is helping banks and financial institutions to modernize their AML compliance programs and detect and prevent money laundering activity. For more information on how Oracle can help your institution combat financial crime, contact us today.