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Oracle Financial Services Announces the Latest Release of Oracle(R) FLEXCUBE Investor Servicing
(Market Wire Via Acquire Media NewsEdge) REDWOOD SHORES, CA -- (MARKET WIRE) -- 02/25/10 --
Oracle (NASDAQ: ORCL)
News Facts
Oracle Financial Services Software today announced the launch of Oracle® FLEXCUBE Investor Servicing 9.0.
Oracle FLEXCUBE Investor Servicing 9.0 is a process enabled transfer
agency and investor servicing solution that helps financial institutions
manage the complete fund lifecycle and reduce operational costs through
process automation across fund structures, intermediary hierarchies, and
investors. The new release provides a single, robust technology platform that will
allow transfer agents and fund managers to sustain market lead and adapt to
business challenges by: Expanding business with support for managing popular variants of hedge
funds like Simple, Master/Feeder, Fund of Funds and Side pockets; Defining variety of equalization fee methods and supporting accrual and
payment of equalization fees based on funds performance; Enhancing STP by enabling comprehensive coverage of ISO 20022 SWIFTNet
4.0 messages and 15022 messages. Oracle offers improved insight into operations for compliance through
Oracle Mantas' Know Your Customer and
Anti Money Laundering Analytics software. Oracle FLEXCUBE Investor Servicing today manages transfer agency and
fund distribution function for its customers in more than 25 countries
across the world. Simplify Operations While Fostering Growth
Oracle FLEXCUBE Investor Servicing offers a wide range of benefits for
transfer agents and fund managers looking to leverage their wide channel
and distribution networks by supporting complex retrocession and
distribution commission models for upfront and trailer commission rules for
intermediaries, including: Support across multiple geographies with multi-entity, multi product,
multi-currency, multi-lingual and multi-time zone capabilities; Enablement of true cross-border transfer agency capabilities across
markets supporting varied business models. This new release also simplifies management of shared services across a
service-oriented architecture (SOA) through accelerated service
configuration, integration, and deployment. Oracle FLEXCUBE Investor Servicing has been integrated on Oracle Business Intelligence Enterprise Edition Plus for
providing comprehensive reporting on transfer agency operations. With this
integration, the solution enhances multi lingual & user-friendly reporting
capabilities by supporting report labels in different languages. Additionally, the new release includes integrations with Oracle Enterprise Service
Bus that will help financial institutions seamlessly integrate with
external systems. Supporting Quotes
Barrington Partners, an influential analyst organization for Financial
Services, states: "The distribution of mutual funds is changing dramatically in many
markets. Whereas in the past, the industry was largely influenced by
manufacturers, today intermediaries, supermarkets and aggregators have
secured increasingly strong positions in the distribution of funds to a
variety of investors through multiple channels. Transfer agency technology
is concurrently changing the operation of the business with key goals being
efficient investor servicing, automation and integration." - Bob Hollinger,
Partner at Barrington Partners. "Transfer agency systems are now expected to support multi-product,
multi-company, multi-domicile and multi-currency offerings and provide
bespoke reporting." Organizations want to be able to integrate transfer
agency solutions into their corporate infrastructure including image and
workflow, auto faxing, private client and web portals. The ability to
integrate with multiple straight-through-processing players is essential to
maximize operational efficiencies. Moreover, the appetite for a single
solution for both traditional products and hedge funds is increasing.
Comprehensive transfer agency solutions will enable investment management
firms to offer innovative products that will help them stay ahead of their
competition." - Bill Hookings, London-based Barrington Partners."Transfer Agents and Fund management companies today are constantly
seeking innovative ways to sustain their market lead and respond rapidly to
business challenges," said Joseph John, Executive Vice President, Oracle
Financial Services Software. "Oracle FLEXCUBE Investor Servicing 9.0 is a
comprehensive transfer agency and fund distribution system that can help
transfer agents and fund management companies address their business
challenges and manage complex workflow procedures effectively. With
enhanced distribution, support for hedge funds and compliance to SWIFT Net
messaging standards for the industry, this release should help transfer
agents deliver success in their business." Supporting Resources
Oracle FLEXCUBE Investor Servicing Data
SheetFollow Oracle Financial
Services on TwitterJoin the Oracle Financial
Services Community on FacebookOracle in Financial ServicesAbout Oracle Financial Services Software Limited
Oracle Financial Services Software Limited (referred to as "Oracle
Financial Services Software") (Reuters: ORCL.BO & ORCL.NS) is a majority
owned subsidiary of Oracle. Oracle Corporation is the world's largest
business software company. For more information, visit www.oracle.com/financialservices.
About Oracle
Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated
business software and hardware systems company. For more information about
Oracle, visit oracle.com.
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Contact Info
Kimberly Pineda
Oracle
+1.650.506.8831
Email Contact
Samuel Hall
Oracle EMEA
+44.11.892.46332
Email Contact
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