Regulation Asia Recognises Oracle Financial Services for KYC Solution 

Singapore/Hong Kong, 9 December 2021 – Oracle Financial Services was Highly Commended in the KYC & Onboarding category in the 4th Regulation Asia Awards for Excellence 2021 at an online ceremony on 9 December 2021. 

Amid the pandemic, financial crime compliance has been in sharper focus than ever. Through a lengthy awards submission and review process, which involved industry practitioners serving as independent judges, Oracle was able to demonstrate that its KYC solution, part of its Financial Crime and Compliance Management suite of products, enables financial institutions to obtain a complete and reliable view of client information and effectively guard against financial crime risks.  

The solution was found to be comprehensive – providing real-time customer onboarding, continuous monitoring, built-in watchlist screening, KYC risk assessment and scoring, and case investigation, with additional CDD (customer due diligence) and EDD (enhance due diligence) capabilities. It also allows integration with third party ID verification and adverse media scoring services, features high configurability based on jurisdiction and specific business needs, and provides graph-based advanced entity resolution capabilities.  

“Oracle’s KYC solution empowers financial institutions to configure risk parameters, filters and thresholds for optimum effectiveness based on their needs,” noted one judge on the awards panel. The solution comes with more than 220 risk indicators, and allows firms to customise additional risk indicators from data models and third party data sources. “This is a great risk management setup, and it scales to institutions both large and small due to its cloud offering.” 

Judges also highlighted Oracle’s extensive partner engagements, which help to enrich the data and integrations within the solution, as well as the sophistication of its data models, which enable firms to easily maintain and share information across existing systems, perform real-time checks of new customers, and identify risk exposures on an ongoing basis – `without compromising on the customer experience. 

About the Regulation Asia Awards for Excellence 2021 

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help to ensure the highest standards for regulatory compliance are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.  

For a full list of the award 2021 winners, visit 

About Regulation Asia 

Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda. 

Visit or connect via LinkedIn or Twitter.

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