Oracle offers financial services integrated business intelligence

Oracle has announced the release of Oracle Financial Services Profitability Analytics to offer pre-built business intelligence.

The system integrates Oracle Business Intelligence Suite Enterprise Edition 10g Release 3 and Oracle Financial Services Applications (OFSA).

As well as providing business intelligence, the integrated system helps organisations reduce total IT cost and complexity, as it removes the need for custom interfaces between the two systems.

The OFSA suite helps financial institutions carry out critical functions like funds transfer pricing, customer profitability management, budgeting and planning, and risk management efficiently.

Oracle Business Intelligence Suite Enterprise Edition 10g Release 3 is a new edition of standards-based BI infrastructure and tools products.

Together, these two suites deliver an advanced solution for financial services business intelligence, said Oracle.

The integrated system – which allows access to information through virtually any medium, including alerts, dashboards, reports and RSS feeds – helps users understand how actions taken in one area of the business affect the performance of other areas.

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