Oracle Corp - ORCL STOCK NEWS

Oracle has introduced new cloud services, specifically designed to assist mid-sized banks in combating money laundering and financial crime. The Oracle Financial Crime and Compliance Management Cloud Service offers a cost-effective solution for anti-money laundering (AML) processes, leveraging over 20 years of experience. Key features include extensive AML scenario catalogs, regulatory reporting templates, and custom scenario design tools. The service is currently available in North America and Western Europe, with future expansions planned. Additionally, the application suite emphasizes security and scalability on the Oracle Cloud Infrastructure.

Oracle has partnered with Pennsylvania State University to deploy the Oracle Academy program across its 22 campuses serving nearly 100,000 students. This initiative aims to prepare students for careers in cloud computing, AI, and data science by providing access to essential resources and hands-on technology experience. Notable features include Oracle Cloud Free Tier access, cloud credits, and various curriculum modules such as AI and project management. This collaboration emphasizes Oracle's commitment to enhancing computing education and skills development.

Oracle has announced that several U.S. colleges and universities, including American University of Antigua, Florida A&M University, and Lorain County Community College, have adopted Oracle Student Financial Planning to improve financial aid processes. This solution aims to enhance students' control over financial decisions related to their education. The implementation was notably swift for the American University of Antigua, completing the integration in just four weeks. The initiative is part of Oracle's broader effort to support higher education through efficient financial management tools.

Oracle's recent Retail survey reveals shifting shopping habits due to the pandemic. About 20% of consumers favor in-store shopping this holiday season, while 47% plan a mix of online and offline purchases. Despite the pandemic, 58% expect to spend the same or more than last year. Reductions in return plans drop from 77% to 38%. Key insights include a preference for gift cards and a critical need for inventory to avoid poor shopping experiences. Concerns for safety are high, with 79% emphasizing mask-wearing and 82% valuing cleaning efforts.

According to a study by Beagle Research and Oracle, most sellers find traditional CRM systems ineffective, leading to frustration and inefficiency. Key findings from over 500 participants reveal that 90% of sellers believe their jobs take longer than necessary, primarily due to manual CRM tasks. A staggering 66% would prefer to do anything else than update their CRM systems. With only 47% using their CRM regularly, the research highlights a significant gap in CRM effectiveness, suggesting a need for AI-driven solutions to improve productivity and work-life balance.

Oracle has launched the Exadata Cloud Service X8M, enhancing its capabilities on the cloud. This platform promises higher transaction processing, with 2.5 times more IOs and 10 times better latency compared to previous versions. Supporting up to 4,600 CPU cores and 25 PB of database capacity, it allows seamless database migration with no application changes. Customers can scale independently, reducing costs significantly. Organizations like Burns and McDonnell have reported 35% cost savings and improved performance, indicating strong market potential.

Oracle Cloud Infrastructure (OCI) Government Cloud Services has secured a Provisional Authority to Operate (P-ATO) from the FedRAMP Joint Authorization Board (JAB). This accreditation confirms OCI as a compliant and secure platform for public sector workloads. Previously achieving a FedRAMP High Agency ATO, the JAB P-ATO further solidifies Oracle's commitment to mitigating data breach risks and ensuring compliance with stringent security standards. Government customers can benefit from reduced certification times and costs, accelerating their transition to cloud services.

Oracle has launched its Cloud Observability and Management Platform, designed to streamline the management of multicloud and on-premises environments. The platform offers a unified view and diagnostic services, enhancing operational efficiency with built-in machine learning for real-time anomaly detection. Early adopters include Integra LifeSciences and Lone Star College. The platform, available via Oracle Cloud Infrastructure, integrates with popular tools like Slack and Grafana, addressing the complexity of managing IT infrastructures and significantly improving performance and availability of applications.

Oracle (NYSE: ORCL) will conduct its 2020 Annual Meeting of Stockholders on November 4, 2020, at 10:00 a.m. PT. Due to COVID-19, the meeting will be held virtually to ensure the safety of participants. Proxy materials with instructions for participation and voting are available online. A recording of the meeting will be accessible until November 11, 2020. Oracle provides a range of integrated applications and autonomous infrastructure solutions. For more details, visit Oracle's official website.