Latest news with #InvestigationHubCloudService
TECHx
13-03-2025
- Business
- TECHx
Oracle Enhances Investigation Hub with AI to Combat Financial Crime - TECHx Media Oracle Enhances Investigation Hub with AI to Combat Financial Crime
Oracle Enhances Investigation Hub with AI to Combat Financial Crime News Desk - Share Oracle Financial Services is transforming financial crime investigations by integrating AI agents and agentic workflows into its Investigation Hub Cloud Service. These new capabilities help financial firms automate investigative processes, uncover complex patterns, and fight financial crime more efficiently. By leveraging generative AI-driven narratives, the AI agents supplement investigators' analysis, improving the quality and speed of reviewing suspicious activity. This automation saves valuable time and resources by reducing manual tasks and allowing investigators to focus on high-priority cases. Available globally, the upgraded Investigation Hub empowers financial institutions of all sizes to enhance compliance and streamline operations. According to Jason Somrak, head of financial crime product strategy at Oracle Financial Services, the introduction of agentic AI marks a paradigm shift in financial crime investigations. The AI-driven approach follows investigative plans, collects evidence, and recommends actions while generating comprehensive narratives that document findings. This helps financial institutions ensure consistency in decision-making, improve risk analysis, and achieve operational efficiencies. As financial crime becomes more sophisticated, regulatory scrutiny increases, making traditional manual investigations time-consuming and error-prone. Unlike AI chatbots that require investigators to input specific queries, Oracle's AI agents autonomously surface key insights, collect evidence, recommend decisions, and generate structured alert narratives. These AI-driven workflows help financial crime analysts eliminate inconsistencies, ensuring more reliable and actionable intelligence. Powered by generative AI, these agents analyze alert information, including matches between customer data and sanction lists, and automatically create detailed narratives summarizing key findings. This automation enables financial crime and compliance teams to conduct thorough investigations and make data-driven decisions with greater confidence. The AI-enhanced Investigation Hub is part of Oracle's broader financial crime and compliance management solutions, designed to make financial investigations more predictable, reliable, and efficient.
Yahoo
13-03-2025
- Business
- Yahoo
Oracle Brings AI Agents to the Fight Against Financial Crime
New agentic AI capabilities in Oracle Investigation Hub can reduce manual work to help uncover and thwart financial schemes faster AUSTIN, Texas, March 12, 2025 /PRNewswire/ -- Oracle Financial Services is supercharging its Investigation Hub Cloud Service with the addition of a broad class of AI agents and agentic workflows that enable financial firms to automate investigative processes needed to uncover complex patterns and fight financial crime. The agents help improve the overall quality and speed of reviewing suspicious activity by using generative AI-driven narratives to supplement investigators' own analysis. This can save valuable time and resources by offloading many traditionally manual tasks and enabling investigators to focus their time on the most pressing leads. These new capabilities are available globally for financial institutions of all sizes using the Investigation Hub crime and case management solution. "The addition of agentic AI capabilities to our Investigation Hub Cloud Service represents a paradigm shift in financial crime investigations," said Jason Somrak, head of financial crime product strategy, Oracle Financial Services. "Our unique generative AI approach follows investigative plans, collects evidence, and recommends actions while providing investigators with robust narratives documenting the findings. This enables firms to drive consistency in decision making and thoroughly investigate all risks automatically while realizing massive operational efficiencies." Combatting crime with agentic AIFinancial institutions face mounting pressure to identify and combat increasingly sophisticated financial crime schemes while managing regulatory scrutiny. Traditional investigative processes often rely on tedious manual data collection and analysis that can be slow, resource-intensive, and prone to human error. While some solutions employ AI chatbots that require investigators to ask the right questions in the right way, Oracle Financial Services delivers multiple AI agents that are designed to surface key insights, collect evidence, recommend decisions, and generate comprehensive alert narratives. This automated approach helps eliminate inconsistencies caused by variations in user queries and helps deliver more consistent and reliable information for investigative analysts. These agents, driven by generative AI, can be leveraged to analyze alert information, including matches between customer data and sanction lists. From there, they can be used to automatically create compelling narratives that summarize the key details of each alert, providing financial crime and compliance investigators with relevant information to better conduct a thorough analysis and make data-informed decisions. These new capabilities are part of the larger set of Oracle financial crime and compliance management solutions focused on making financial investigations more predictable, reliable, and credible using generative AI. For more information visit: About Oracle Financial ServicesOracle 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: About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. View original content to download multimedia: SOURCE Oracle Sign in to access your portfolio
