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Oracle Named Category Leader in Inaugural Chartis Research AI Report

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Oracle Financial Services has been named the category leader in the inaugural RiskTech AI 50 2024 report by Chartis Research, securing the highest overall ranking among fifty industry players. The report recognizes leaders in financial risk management based on impact, deployment, strategy, and innovation.

Oracle led in seven categories, including innovation, impact, computational infrastructure for AI, use of AI in retail banking, finance, and accounting, and AI-driven document and data management frameworks. The company's advanced AI-enhanced applications, particularly in retail banking, finance, and accounting, were central to this recognition.

Sonny Singh, executive vice president and general manager of Oracle Financial Services, emphasized the company's commitment to delivering cutting-edge, AI-powered solutions that drive meaningful impact for customers across the financial services sector.

Oracle Financial Services è stata nominata leader di categoria nel rapporto inaugurale RiskTech AI 50 2024 di Chartis Research, conquistando il massimo punteggio complessivo tra cinquanta operatori del settore. Il rapporto riconosce i leader nella gestione del rischio finanziario in base all'impatto, all'implementazione, alla strategia e all'innovazione.

Oracle ha eccelso in sette categorie, tra cui innovazione, impatto, infrastruttura computazionale per l'IA, utilizzo dell'IA nella banca al dettaglio, finanza e contabilità, e framework per la gestione dei documenti e dei dati basati sull'IA. Le avanzate applicazioni potenziate dall'IA dell'azienda, in particolare nel settore della banca al dettaglio, della finanza e della contabilità, sono state centrali per questo riconoscimento.

Sonny Singh, vicepresidente esecutivo e direttore generale di Oracle Financial Services, ha sottolineato l'impegno dell'azienda a fornire soluzioni all'avanguardia, potenziate dall'IA, che generano un impatto significativo per i clienti nel settore dei servizi finanziari.

Oracle Financial Services ha sido nombrada líder de categoría en el informe inaugural RiskTech AI 50 2024 de Chartis Research, asegurando la mejor clasificación general entre cincuenta actores de la industria. El informe reconoce a los líderes en gestión de riesgo financiero basándose en el impacto, la implementación, la estrategia y la innovación.

Oracle se destacó en siete categorías, incluyendo innovación, impacto, infraestructura computacional para IA, uso de IA en banca minorista, finanzas y contabilidad, y marcos de gestión de documentos y datos impulsados por IA. Las avanzadas aplicaciones mejoradas con IA de la compañía, particularmente en banca minorista, finanzas y contabilidad, fueron centrales en este reconocimiento.

Sonny Singh, vicepresidente ejecutivo y gerente general de Oracle Financial Services, enfatizó el compromiso de la empresa de ofrecer soluciones innovadoras impulsadas por IA que generen un impacto significativo para los clientes en el sector de servicios financieros.

오라클 재무 서비스는 Chartis Research의 첫 번째 RiskTech AI 50 2024 보고서에서 부문 리더로 선정되어, 50개 업계 플레이어 중 최고 순위를 기록했습니다. 이 보고서는 영향력, 배포, 전략 및 혁신을 기반으로 한 금융 리스크 관리의 리더들을 인식합니다.

오라클은 혁신, 영향력, AI를 위한 컴퓨팅 인프라, 소매 은행업에서의 AI의 활용, 재무 및 회계, AI 기반 문서 및 데이터 관리 프레임워크를 포함하여 7개 카테고리에서 선두를 달렸습니다. 소매 은행업, 재무 및 회계 분야에서 특히 AI가 강화된 오라클의 고급 애플리케이션이 이 인식의 중심이 되었습니다.

오라클 재무 서비스의 부사장 겸 총괄 관리자 Sonny Singh는 금융 서비스 부문 전반에 걸쳐 고객에게 의미 있는 영향을 미치는 첨단 AI 솔루션을 제공하는 데 대한 회사의 헌신을 강조했습니다.

Oracle Financial Services a été nommé leader de catégorie dans le rapport inaugural RiskTech AI 50 2024 de Chartis Research, obtenant ainsi la meilleure classification générale parmi cinquante acteurs du secteur. Le rapport reconnaît les leaders dans la gestion des risques financiers en fonction de l'impact, du déploiement, de la stratégie et de l'innovation.

Oracle s'est illustré dans sept catégories, y compris l'innovation, l'impact, l'infrastructure informatique pour l'IA, l'utilisation de l'IA dans la banque de détail, la finance et la comptabilité, ainsi que les cadres de gestion des documents et des données alimentés par l'IA. Les applications avancées de l'entreprise intégrant l'IA, notamment dans le secteur de la banque de détail, de la finance et de la comptabilité, ont été au cœur de cette reconnaissance.

Sonny Singh, vice-président exécutif et directeur général d'Oracle Financial Services, a souligné l'engagement de l'entreprise à fournir des solutions de pointe alimentées par l'IA qui génèrent un impact significatif pour les clients dans le secteur des services financiers.

Oracle Financial Services wurde im Rahmen des ersten RiskTech AI 50 2024 Berichts von Chartis Research als Kategorie-Leader ausgezeichnet und sicherte sich damit die höchste Gesamtbewertung unter fünfzig Branchenakteuren. Der Bericht erkennt die Führerschaft im Bereich Finanzrisikomanagement basierend auf Einfluss, Implementierung, Strategie und Innovation an.

Oracle führte in sieben Kategorien, einschließlich Innovation, Einfluss, computergestützte Infrastruktur für KI, Einsatz von KI im Einzelhandelsbankgeschäft, Finanzen und Rechnungswesen sowie KI-gestützte Dokumenten- und Datenmanagementrahmen. Die fortschrittlichen, KI-unterstützten Anwendungen des Unternehmens, insbesondere im Bereich des Einzelhandelsbankgeschäfts, der Finanzen und des Rechnungswesens, standen im Mittelpunkt dieser Auszeichnung.

Sonny Singh, Executive Vice President und General Manager von Oracle Financial Services, betonte das Engagement des Unternehmens, bahnbrechende, KI-gestützte Lösungen zu liefern, die für Kunden im Finanzdienstleistungssektor einen nachhaltigen Einfluss haben.

Positive
  • Achieved highest overall ranking in Chartis Research's RiskTech AI 50 2024 report
  • Led in seven categories, including innovation, impact, and AI use in various financial sectors
  • Recognition for advanced AI-enhanced applications in retail banking, finance, and accounting
  • Demonstrated ability to deploy AI solutions at scale
Negative
  • None.

Chartis Research's RiskTech AI 50 recognizes Oracle for its excellence in AI innovation and deployment in risk technology

NEW YORK, Oct. 7, 2024 /PRNewswire/ -- Oracle Financial Services Summit -- Oracle Financial Services has been named the category leader in the inaugural RiskTech AI 50 2024 report by Chartis Research, a global leader in risk technology research and analysis. Oracle secured the highest overall ranking amongst fifty industry players, highlighting its success in delivering powerful AI solutions – from infrastructure to AI-enabled applications – that are helping financial services organizations operate more efficiently and mitigate risk. 

The RiskTech AI 50 report recognizes leaders in the financial risk management industry who have demonstrated excellence across four key criteria: impact, deployment, strategy, and innovation. Oracle's advanced AI-enhanced applications, particularly in retail banking, finance, and accounting, were central to this recognition. The company also led in seven categories, including innovation, impact, computational infrastructure for AI, use of AI in retail banking, use of AI for finance and accounting, and AI-driven document and data management frameworks.

"Being named the top performer in the RiskTech AI 50 report is a testament to Oracle's commitment to delivering cutting-edge, AI-powered solutions that drive meaningful impact for our customers across the financial services sector," said Sonny Singh, executive vice president and general manager, Oracle Financial Services. "Our ongoing investments in AI and machine learning continue to provide financial institutions with the tools they need to stay ahead and foster resilience and growth through innovative, intelligent risk-management strategies."

Chartis conducted a detailed analysis of vendors across the risk management landscape, assessing their capabilities and use of AI. The report highlighted the depth and breadth of AI applications across the sector, from emerging large language model (LLM)-based applications to established credit scoring and fraud detection models, to help stakeholders navigate the complex and highly evolving field of AI-driven risk management. Oracle's strong performance reflects its ability to meet the growing demands of the industry while driving forward the future of AI in financial services.

"Oracle's achievement of the top ranking for RiskTech AI, alongside multiple awards, highlights their expertise in AI as well as their ability to deploy it at scale," said Maryam Akram, Research Principal at Chartis Research. "Their high-performance, low-latency cloud infrastructure, combined with proprietary algorithms and sophisticated databases, were key factors in their success. Oracle's ability to leverage a range of machine learning techniques across a broad set of solutions also contributed to their win."

For more information about Oracle Financial Services capabilities, please visit: https://www.oracle.com/financial-services/

About Oracle Financial Services
Oracle Financial Services provides solutions for retail banking, corporate banking, payments, asset management, life insurance, annuities, and healthcare payers. With our comprehensive set of integrated digital and data platforms, banks and insurers are empowered to deliver next-generation financial services. We enable customer-centric transformation, support collaborative innovation, and drive efficiency. Our data and analytical platforms help financial institutions drive customer insight, integrate risk and finance, fight financial crime, and comply with regulations. To learn more, visit our website at https://www.oracle.com/financial-services.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

 

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SOURCE Oracle

FAQ

What recognition did Oracle (ORCL) receive in the Chartis Research RiskTech AI 50 2024 report?

Oracle Financial Services was named the category leader in the inaugural RiskTech AI 50 2024 report by Chartis Research, securing the highest overall ranking among fifty industry players.

In which categories did Oracle (ORCL) lead according to the Chartis Research report?

Oracle led in seven categories, including innovation, impact, computational infrastructure for AI, use of AI in retail banking, use of AI for finance and accounting, and AI-driven document and data management frameworks.

How does the Chartis Research RiskTech AI 50 report evaluate companies like Oracle (ORCL)?

The RiskTech AI 50 report recognizes leaders in the financial risk management industry based on four key criteria: impact, deployment, strategy, and innovation.

What factors contributed to Oracle's (ORCL) success in the Chartis Research RiskTech AI 50 report?

Oracle's success was attributed to its high-performance, low-latency cloud infrastructure, proprietary algorithms, sophisticated databases, and ability to leverage a range of machine learning techniques across a broad set of solutions.

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