Oracle sees opportunity in banking, healthcare

Tuesday, 11 November 2003, 20:30 IST
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NEW DELHI: Enterprise software company Oracle India will look for business opportunities in banking and healthcare segments during the next one year, managing director Shekhar Dasgupta said. "Oracle sees an opportunity for banking organisations in the newly formed Basel II accord which provides the incentive for an information management framework," Dasgupta said, adding this would open new avenues for sales, marketing and customer service. Basel II accord is aimed at establishing rigorous bank supervision and broader disclosures which would encourage advanced risk management practices and make the risks that banks choose to take more transparent to the investors. Oracle's approach would be to harness the most powerful data warehouse technology, leading business applications and processes, the intelligent analytical tools to help banks conform to the accord, Dasgupta said. He said healthcare too was going to be an emerging area. Oracle has developed a software -- Healthcare Transaction Process (HTP) -- which conforms to global standards. "This we can position in the healthcare industry along with partners. In the next one year we should start looking at the sector and coming up at a big way." He said Oracle was very bullish about India for its great market potential as well as intellectual capital.
Source: IANS
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