The unified surveillance and compliance platform enables BNZ to gain visibility of the entire enterprise into potential fraudulent activities, expands detection and analysis capabilities, enhances the efficiency in meeting complex regulatory requirements and assists with managing ongoing compliance costs. 

To further enhance the BNZ’s initiatives and compliance efforts, the bank also plans to implement Oracle Financial Services Anti Money Laundering, Oracle Financial Services Know Your Customer, Oracle Financial Services Enterprise Case Management, and Oracle Financial Services Anti Money Laundering and Fraud Analytics, all of which run on the Oracle Financial Services Analytical Applications platform.

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The solution’s unique architecture enables identical banking functionality across multiple channels, while supporting numerous mobile devices.  From short messaging service (SMS)-based mobile phones, to mobile-application based smart phones, the solution provides ready-made, easy-to-deploy, multi-device applications for iPhone, iPad, Blackberry and Windows-based phones and tablets and Symbian devices allowing banks to code once and deploy across multiple delivery channels.  

Banks can also leverage the new FLEXCUBE framework to become active participants in geo location-based mobile commerce.  

A growing number of financial services organisations worldwide are selecting Oracle Financial Services solutions, including Oracle FLEXCUBE and Oracle Financial Services Analytical Applications, to help them innovate and achieve competitive differentiation, ensure regulatory compliance and deliver more personalised service and greater value to customers. 

In Australia, Suncorp is preparing to implement Oracle FLEXCUBE Next Generation Platform to overhaul its core banking infrastructure, with the overall goal of simplifying the banking system. The bank also recently upgraded its customer relationship management (CRM) environment with Oracle.

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