From Nasdaq Inc.: 2024-04-09 09:55:00

Oracle’s Financial Services division has launched the Financial Services Compliance Agent, an AI-powered cloud service that helps banks adjust transaction monitoring thresholds and controls to detect suspicious activity and comply with AML regulations. The solution enables cost-effective risk assessment for new products and proactive monitoring for high-risk typologies like human trafficking.

In an effort to boost cloud and licensing growth, Oracle and NetSuite are enhancing their AI offerings through partnerships and new features like NetSuite’s Analytics Warehouse Multi-Instance Connector and Text Enhance. These innovations aim to streamline decision-making, generate personalized content, and provide data-driven insights to improve business outcomes and drive revenue growth.

The Cloud AI Market is projected to reach $274.54 billion by 2029, with Oracle facing competition from industry giants like Salesforce and Microsoft in the AI cloud market. To maintain competitiveness, Oracle is expanding its collaboration with Microsoft to enhance Oracle Database availability on Azure and drive innovation in AI-driven technologies for better user experiences and market relevance.



Read more at Nasdaq Inc.: Oracle’s (ORCL) Cloud Service to Help Combat Money Laundering