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Oracle Launches Automated AML Scenario Calibration Cloud Service

Anti Money Laundering

Business Honor
14 May, 2025

Oracle launches Automated Scenario Calibration Cloud Service to enhance and automate AML compliance for institutions.

Oracle has launched its Oracle Financial Crime and Compliance Management Automated Scenario Calibration (ASC) Cloud Service, an innovative solution intended to automate and streamline the tracking of anti-money laundering (AML) transactions. This new cloud service will greatly improve the effectiveness of compliance staff by streamlining the traditionally labor-intensive process of scenario tuning, which is critical for detecting and preventing financial crimes like money laundering and terrorist financing.

Financial institutions have struggled for years with the time-consuming process of getting AML monitoring scenarios adjusted to meet changing criminal activity. Compliance staff need to regularly adjust detection parameters to ensure compliance with regulatory requirements established by such authorities as the Office of the Comptroller of the Currency (OCC), Financial Crimes Enforcement Network (FinCEN), and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Traditionally, this has been human-intensive and prone to errors and resulted in operational inefficiencies and heightened risks of non-compliance.

Oracle's new ASC Cloud Service does this essential process automatically, simplifying scenario calibration in a clear, trustworthy, and effective three-step process. Financial institutions are now able to recreate scenarios, establish predetermined thresholds, perform transaction reviews, and adjust monitoring systems—without relying on third party platforms or human intervention. This innovation lowers the costs of operations as well as the risk of missed suspicious activity.

Our Automated Scenario Calibration Cloud Service is a game-changer for financial institutions that are increasingly under regulatory scrutiny," said Jason Somrak, vice president of financial crime products, Oracle Financial Services. "By automating one of the most time consuming tasks of AML compliance, Oracle enables financial institutions to remain one step ahead of financial crime risks while maximizing their resources.

The ASC Cloud Service is one of Oracle's Financial Crime and Compliance Management (FCCM) suite products, a complete solution aimed at enabling financial institutions to transform their compliance processes and improve their ability to combat financial crime.