Object-relational database management system produced and marketed by Oracle Corporation.
According to official Oracle website, company has been named the the top category leader in IFRS 9 solutions by research firm Chartis Research. Company now believes that this position further affirms their best-in-class offerings for all financial services entities looking to conform to IFRS 9 standards before the January 1, 2018 deadline.
Our placement on the Chartis Research report is indicative of our continued success in providing exhaustive and effective IFRS 9 offerings. Now more than ever IFRS 9 implementation poses a distinct challenge for financial institutions that could potentially affect their bottom line. Our solution, built on Oracle’s integrated finance and risk architecture, is here to help define, plan and execute an IFRS 9 implementation roadmap. We look forward to helping our customers meet regulatory deadlines and were delighted to hear of our best-in-class placement on the Chartis report.
Group Vice President and General Manager, Oracle Financial Services
The Chartis IFRS 9 Technology Solutions Market Update 2017 Report is designed to analyze how financial institutions are responding to IFRS 9 requirements, emerging business and technology trends in the IFRS 9 technology marketplace and how solution vendors are responding to these new demands. Also, the report includes the Chartis FinTech QuadrantTM to better illustrate vendor landscape. This quadrant uses a full-fladged methodology formed through independent research and a scoring system that sums-up info about which tech solutions best meet an organization’s needs.
The methodology behind our FinTech Quadrant™ distills key qualities of market leaders and in the case of IFRS 9, the new accounting standard that combines both the disciplines of Finance and Risk Management, Oracle is the category leader. The methodology behind our FinTech Quadrant™ distills key qualities of market leaders and in the case of IFRS 9, the new accounting standard that combines both the disciplines of Finance and Risk Management, Oracle is the category leader.
Research Director, Chartis Research
Additionally, you can have an executive summary of the Chartis IFRS 9 Technology Solutions Market Update 2017 Report.