Oracle

Oracle Financial Crime and Compliance Management

Composite Score

7.7 /10

CX Score

7.8 /10

15 Reviews Write a Review

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What is Oracle Financial Crime and Compliance Management?

Increase effectiveness and efficiency at scale with Oracle's Anti-Money Laundering Solutions.

Company Details

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Oracle Financial Crime and Compliance Management Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Oracle Financial Crime and Compliance Management.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

85 Likeliness to Recommend

100 Plan to Renew

79 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+88 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Oracle Financial Crime and Compliance Management?

0% Negative

0% Neutral

100% Positive

Pros

Effective Service
Reliable
Efficient Service
Over Delivered

Feature Ratings

Average 80

Enforcement and Sanction Watch Lists

PEP Screening

Adverse Media

International Data Sources

Minimum Number of Records

International Verification

Multiple Language Support

Risk Assessment

Name Matching Technology

AI/Machine Learning

Data Curation

Vendor Capability Ratings

Average 78

Ease of IT Administration

Ease of Data Integration

Business Value Created

Ease of Implementation

Vendor Support

Availability and Quality of Training

Usability and Intuitiveness

Product Strategy and Rate of Improvement

Quality of Features

Breadth of Features

Ease of Customization

Oracle Financial Crime and Compliance Management Reviews

Ankit G.

Role: Finance
Industry: Finance
Involvement: IT Leader or Manager

Validated Review

Verified Reviewer

Submitted Oct 2023

Best Case management solution ever

Likeliness to Recommend

7 /10

What is your favorite aspect of this product?

Case Management solution. The new version has an integrated compliance studio, AI-based Risk scoring and case allocation, and AML models which will learn and track the output for final implementation

What do you dislike most about this product?

Sometimes it took some time long and effort

What recommendations would you give to someone considering this product?

When evaluating Oracle Financial Crime and Compliance Management (FCCM), focus on compliance alignment, integration capability, scalability, and user-friendliness. Ensure it adheres to current regulations, integrates with existing systems, scales with your business, and offers an intuitive interface for user adoption. Prioritize data security, customization, and cost analysis. Seek user feedback, leverage available training and support resources, and consider a proof of concept to validate its suitability for your organization's compliance and anti-money laundering requirements.

Pros

Effective Service
Reliable
Efficient Service
Caring

Cons

Vendor Friendly Policies
Slower Product Innovation
Less Productive

Richard A.

Role: Finance
Industry: Retail
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Sep 2023

Fantastic

Likeliness to Recommend

8 /10

What differentiates Oracle Financial Crime and Compliance Management from other similar products?

Friendly user and secure

What is your favorite aspect of this product?

Easy usage

What do you dislike most about this product?

Needs lot of training

What recommendations would you give to someone considering this product?

It is a professional software and secured

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Ankur R.

Role: Information Technology
Industry: Technology
Involvement: IT Development, Integration, and Administration

Validated Review

Verified Reviewer

Submitted Apr 2023

Powerful solution to prevent financial crimes

Likeliness to Recommend

9 /10

What differentiates Oracle Financial Crime and Compliance Management from other similar products?

Oracle Financial Crime and Compliance Management is integrated with the wider Oracle ecosystem, including Oracle Fusion Cloud Financials, which enables seamless integration with other financial management systems and provides a unified view of financial data.

What is your favorite aspect of this product?

It is highly customizable and offers flexibility in terms of configurations, workflows, and data mapping to meet specific business requirements.

What do you dislike most about this product?

The software offers a range of advanced features, and it may take some time for users to become familiar with its functionality and maximize its potential.

What recommendations would you give to someone considering this product?

Oracle Financial Crime and Compliance Management is a brilliant product however one should evaluate the software's cost and potential ROI to determine if it's a worthwhile investment for their organization.

Pros

Helps Innovate
Reliable
Enables Productivity
Efficient Service

Oracle Financial Crime and Compliance Management

What is Oracle Financial Crime and Compliance Management?

Company Details

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Oracle Financial Crime and Compliance Management Ratings

85 Likeliness to Recommend

100 Plan to Renew

79 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+88 Net Emotional Footprint

How much do users love Oracle Financial Crime and Compliance Management?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Enforcement and Sanction Watch Lists Monitors watch lists of individuals who are sanctioned or wanted by enforcement authorities domestically and abroad.

PEP Screening Identifies Politically Exposed Persons (PEPS).

Adverse Media Searches and compiles information from adverse media to identify politically exposed persons (PEPs) and other high-risk individuals.

International Data Sources Information from sources across gathered and analyzed.

Minimum Number of Records The solution has a minimum of 1 million records in its database.

International Verification International adverse media is sourced across multiple languages and incorporated into the profile database.

Multiple Language Support Support of multiple languages, including double-byte languages.

Risk Assessment 'The system provides an assessment of the risks associated with the individual.

Name Matching Technology The solution hosts an advanced name-matching technology that resolves name duplication, aliases, and variations in foreign spelling and naming conventions.

AI/Machine Learning The solution employs artificial intelligence or machine learning to identify high-risk individuals and resolve false positives.

Data Curation Human analysts are employed to ensure that profiles of high-risk individuals are current and valid.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Oracle Financial Crime and Compliance Management Reviews

Ankit G.

Best Case management solution ever

Likeliness to Recommend

Pros

Cons

Richard A.

Fantastic

Likeliness to Recommend

Pros

Ankur R.

Powerful solution to prevent financial crimes

Likeliness to Recommend

Pros

Feature Ratings

Enforcement and Sanction Watch Lists

PEP Screening

Adverse Media

International Data Sources

Minimum Number of Records

International Verification

Multiple Language Support

Risk Assessment

Name Matching Technology

AI/Machine Learning

Data Curation

Vendor Capability Ratings

Ease of IT Administration

Ease of Data Integration

Business Value Created

Ease of Implementation

Vendor Support

Availability and Quality of Training

Usability and Intuitiveness

Product Strategy and Rate of Improvement

Quality of Features

Breadth of Features

Ease of Customization