REDWOOD SHORES, Calif., July 1 /PRNewswire-FirstCall/ --
-- Today, Oracle and i-flex solutions -- which recently unveiled plans
to change its name to Oracle Financial Services Ltd.
http://www.oracle.com/corporate/press/2008_apr/ofs.html -- announced that
they were evaluated and positioned in the Leaders quadrant of the recent
Gartner report, "Magic Quadrant for Operational Risk Management Software
for Financial Services."(1)
-- The Gartner Magic Quadrant positions vendors within a particular
quadrant based on completeness of vision and their ability to execute on
that vision.
-- Oracle's Reveleus Operational Risk solution provides in-depth
insight across the enterprise to effectively identify, monitor, and manage
operational risk within a comprehensive Governance Risk and Compliance
(GRC) framework.
-- Reveleus Operational Risk provides a full-range operational risk
framework across assessment, process mapping, workflow management, key risk
indicators (KRIs) and loss event capture, including data management and
extract, transform and load (ETL) tools for quantitative operational risk
and compliance management.
-- Through integration of its Mantas product, Reveleus also can provide
surveillance and behavior detection related to anti-money laundering (AML),
know-your-customer, fraud and trading compliance.
-- According to Gartner, "This (Leaders) quadrant tends to be occupied
by vendors with software applications that are addressing qualitative as
well as quantitative aspects of ORM (operational risk management). These
vendors have achieved a high level of market acceptance and enable a
consistent view of operational risk across the organization as compared to
separately designed and implemented risk calculation engines or audit,
control and compliance reporting tools. Such vendors approach operational
risk more comprehensively and holistically across the enterprise and link
operational risk to CPM. They have robust organizational structures and
professional services resources."
Supporting Quote
-- "Financial institutions internationally are using Reveleus GRC
solutions to help achieve quantifiable benefits, ranging from simple cost
efficiencies to improved share price, that are driven by reductions in
perceived risk from investors," said S Ramakrishnan, CEO for Mantas and
Reveleus. "We believe Reveleus' placement in the Leaders quadrant
underscores the value we provide in helping organizations achieve business
objectives while also protecting their assets and reputations in the highly
competitive financial services industry."
Supporting Resources
Gartner Magic Quadrant for Operational Risk Management Software for
Financial Services, 2008, Full Report
http://mediaproducts.gartner.com/reprints/oracle/article26/article26.html
Oracle's Reveleus Operational Risk
http://www.iflexsolutions.com/iflex/reveleus/oprisk.aspx
Oracle in Financial Services
http://www.oracle.com/industries/financial_services/index.html
1. Gartner, Inc. "Magic Quadrant for Operational Risk Management
Software for Financial Services" by Douglas McKibben and David Furlonger,
June 6, 2008
The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused
with permission. The Magic Quadrant is a graphical representation of a
marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendors measure against criteria for that
marketplace, as defined by Gartner. Gartner does not endorse any vendor,
product or service depicted in the Magic Quadrant, and does not advise
technology users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool, and is
not meant to be a specific guide to action. Gartner disclaims all
warranties, express or implied, with respect to this research, including
any warranties of merchantability or fitness for a particular purpose.
Reference herein to third party content, including analysis, opinions,
predictions and statements, does not constitute or imply Oracle's
endorsement of or concurrence with such content.
About Oracle
Oracle (Nasdaq: ORCL) is the world's largest enterprise software
company. For more information about Oracle, please visit our Web site at
http://www.oracle.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
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SOURCE Oracle
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