Oracle Press Release

Oracle Financial Services Introduces Oracle Financial Services Enterprise Stress Testing & Capital Planning Analytics

Enterprise-wide Reporting Application Helps Facilitate Compliance with Dodd-Frank and Basel Requirements and Expand Insight into Capital Management

Redwood Shores, Calif. – Aug 9, 2012

News Facts

Oracle Financial Services today introduced Oracle Financial Services Enterprise Stress Testing & Capital Planning Analytics, an enterprise-wide reporting tool that helps financial institutions assess the impact of adverse scenarios on their risk and performance, improve capital management and strategic planning, while efficiently facilitating compliance with emerging regulatory requirements around stress testing.

Oracle Financial Services Enterprise Stress Testing & Capital Planning Analytics provides out-of-the-box regulatory templates designed to address stress testing requirements mandated by the US Federal Reserve as part of the Dodd-Frank regulations.

The application also supports a comprehensive set of pre-built dashboards and reports designed to support compliance with the reporting requirements of various regional regulations and governing bodies around enterprise stress testing, including:

Basel III Pillar I

Internal Capital Adequacy Assessment Process (ICAAP

U.S. Comprehensive Capital Analysis and Review (CCAR)

Financial institutions can now manage capital planning by capturing and reporting the potential impact of adverse scenarios on risk and performance metrics. This can also be applied across the planning horizon based on the same stress scenarios thereby helping organizations facilitate consistency and comparability between the various metrics.

Oracle Financial Services Enterprise Stress Testing & Capital Planning Analytics provides on-demand reporting for multiple risk scenarios, giving financial institutions a single, consistent view of income statements, balance sheets and risk measures under baseline and stressed conditions. It can also compare results across scenarios, helping organizations identify potential risks affecting the enterprise as a whole and manage them efficiently.

Financial institutions can use the same scenarios to project profit and loss, income and capital to drive consistency in the capital planning process.

A 360-degree view of enterprise-wide data helps eliminate silos and facilitate efficient regulatory compliance, helping financial institutions to concurrently comply with reporting requirements for multiple jurisdictions, including the UK Financial Services Authority (FSA),U.S. Federal Reserve and Australian Prudential Regulation Authority (APRA).

Supporting Quote

“Traditionally, stress testing has been carried out in individual risk silos, ignoring the interdependence between the risk and finance functions of an institution,” said S. Ramakrishnan, group vice president and general manager, Oracle Financial Services Analytical Applications. “Oracle Financial Services Enterprise Stress Testing & Capital Planning Analytics enables a more holistic approach to stress testing. It helps banks efficiently comply with both management and regulatory reporting while providing a single, consistent view of current and future financial and risk metrics across baseline and stress conditions thereby providing actionable insight to the capital management process.”

Supporting Resources

Oracle Financial Services

Oracle Financial Services Analytical Applications

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About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center.  For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com

Press Release : March 06, 2012

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Veterans Affairs Selects HP to Improve Healthcare Claims Processing

Topics:Instant-On Enterprise

PALO ALTO, Calif. == HP today announced that the U.S. Department of Veterans Affairs (VA) has selected HP Enterprise Services to continue as a prime contractor for the Compensation and Pension Record Interchange (CAPRI) support program to help deliver quality healthcare to veterans.

HP will provide overall project management, business process analysis and testing services as well as software design, development and support services. The contract extends HP’s 10-year involvement with the CAPRI application, and the company’s relationship with the VA, which has spanned more than 12 years.

The CAPRI application enhances the efficiency of claims processing by allowing the Veterans Health Administration and the Veterans Benefits Administration to share medical data through the Bidirectional Health Information Exchange system. The CAPRI software provides online access to medical data, which enhances the timeliness of the benefits determination. This will facilitate expedited claims processing and improved quality of healthcare for disabled veterans.

“Providing quality healthcare in a timely manner to veterans is a top priority for the VA,” said Marilyn Crouther, senior vice president and general manager, U.S. Public Sector, HP Enterprise Services. “By enhancing the CAPRI application, HP and the VA will provide faster access to healthcare for veterans by expanding the VA’s information exchange network and expediting the claims cycle.”   

Over the term of the contract, HP will team with small, veteran-owned businesses Systems Made Simple Inc. and V-Tech Solutions Inc. to complete the project.

In support of the CAPRI Program, HP will deliver comprehensive, secure technology solutions to support the VA’s patient-centric delivery of high-quality healthcare to the country’s valued veterans.

In a world of continuous connectivity, HP enables agencies to become
Instant-On Governments with technology, security and innovation embedded throughout their organizations to deliver immediate services to citizens and clients. Clients will learn more at HP’s premier client event, HP Discover, which takes place June 4-7 in Las Vegas. 

More information about HP Enterprise Services’ government business is available atwww.hp.com/enterprise/government.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.