Oracle prepares data warehouse for financial services

The company's Financial Services Data Warehouse is designed to handle high-volume computations and load data quickly

Oracle has launched a data warehouse targeted at the financial services industry.

Among the key features of Oracle Financial Services Data Warehouse are pre-built data models designed to load quickly and simplify data extraction. The product also has the ability to handle high-volume computations for modelling risk and meeting regulatory requirements. The tool allows for data-quality checks and automated removal of inconsistencies across ledgers. It also features an integrated self-services reporting and business intelligence tool that does not require the customer to ship data out to another application.

S Ramakrishnan, group vice president of Oracle Financial Services Analytical Applications, said that the launch is aimed at firms that have to determine their liquidity on a daily basis to meet new regulations. "These regulatory forces are forcing institutions to deal with complex analytical computations daily," said Ramakrishnan.

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