Discover Oracle Financial Services’ latest SaaS offering in advanced profitability analytics
Finance8/28/2024 3:00 PM
Description
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The macroenvironment in 2024 has impacted the banking industry with a unique mix of challenges and opportunities – from inflation to supply chain impediments, ongoing geopolitical tensions, new technologies such as artificial intelligence (AI) and severe weather-related events causing economic disruption. Each of these impacts bank's ability to generate income and manage costs.
Elevated interest rates continue to push funding costs higher and squeeze margins, especially for regional and midsized banks. Banks need a multidimensional view of profitability drivers to combat costs and drive revenue growth to empower management with instant access to a wide range of intelligence and analysis. Experts will explore how AI or Gen AI fit into this picture.
Key Takeaways
• Establish the ideal intersection of revenue generation and cost-efficiency
• Assess the return on investment (ROI) and key performance indicators (KPIs)
• Develop proper risk mitigation strategies to safeguard profitability
• Set realistic goals and make data-driven decisions
Featured Oracle Speakers
Chris Graham, Director, Risk and Finance Sales Consulting
Chris Spofford, Senior Director, Profitability and Balance Sheet Management Product Strategy
Paolo Ernest Paolucci, Director, Business Intelligence Product Strategy
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Publisher
Oracle is a U.S.-based information technology company that offers a wide range of business-oriented products and services that include Oracle Database, a relational database management system (RDBMS).
The company was founded in 1977 in California and is among the largest software and hardware companies in the world.1 Since its inception nearly fifty years ago, Oracle has developed a vast number of information technology (IT) solutions and acquired an extensive portfolio of companies. It is particularly renowned for its cloud-based enterprise resource planning (ERP) offerings in business intelligence and financial services, as well as for systems such as Solaris, Java and Oracle Linux. Oracle also manufactures and sells purpose-built servers and network solutions to run its platforms and databases. Its Oracle Database was the first SQL-based relational database management system (RDBMS) released commercially in the United States.2
The company invests heavily in open source technologies, lending resources to the development and testing of open source products and frequently highlighting that key platforms such as the Oracle Cloud Infrastructure (OCI) are “open by design.”3 Oracle products and services are used worldwide in government services, telecommunications companies and in healthcare setting where data security, redundancy and complex workload management are critical.