New Cloud Application Suite Helps Mid-Sized Banks Stay Safe, Compliant, and Ready For Growth

Oracle has announced new cloud capabilities to help mid-sized banks combat money laundering and financial crime. Oracle Financial Crime and Compliance Management Cloud Service supports the full anti-money laundering (AML) lifecycle, so institutions can streamline compliance activities and costs and quickly identify abnormal customer behavior to stop illicit activity.

Built on Oracle Cloud Infrastructure (OCI), Financial Crime and Compliance Management Cloud Service’s Transaction Monitoring and Regulatory Reporting applications are available today. Additionally, Know Your Customer (KYC) and Customer Screening capabilities are expected later this year.

“With criminals getting increasingly sophisticated, mid-sized banks struggle to keep pace with the complexity and cost of fighting financial crime,” said Sonny Singh, executive vice president and general manager, Oracle Financial Services. “We’re leveling the playing field by bringing the same modern crime detection and reporting capabilities afforded to larger institutions to mid-sized banks in a package that suits their unique requirements and cost structures.”

The application suite delivers an extensive catalog of regulator-accepted AML scenarios, built-in tools for custom scenario design, analysis, threshold simulation, and tuning, a centralized, 360-degree view of customers and events, and out-of-the-box regulatory reporting templates to help comply with requirements across key global jurisdictions.

Oracle Financial Services Crime and Compliance Management Cloud is available today in North America and Western Europe, with additional regions to come. Learn more at