Sonny singh oracle biography
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Sonny Singh TITLE : EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER COMPANY : ORACLE FINANCIAL SERVICES LOCATION : PALO ALTO , CALIFORNIA , UNITED STATES
Sonny Singh TITLE : EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER COMPANY : ORACLE FINANCIAL SERVICES LOCATION : PALO ALTO , CALIFORNIA , UNITED STATES
EXECUTIVE BIO
Sonny Singh has served as general manager of Oracle Financial Services since 2013 and was named executive vice president in 2019 . In this role , Singh has worldwide responsibility for Oracle ’ s product portfolio for the financial services industry across banking , insurance , and capital markets . His organisation spans all business functions including product strategy , research and development , mergers and acquisitions ( M & A ), sales , consulting , marketing , and customer service . In addition , his operational responsibilities include Oracle Financial Services Software ( OFSS ), a publicly held company , where he is a member of the Board of Directors .
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Accenture and Oracle Help Insurers Meet IFRS 17 and LDTI Accounting Standards
Combining Oracle’s IFRS 17 and Finance solutions with Accenture’s deep expertise and capabilities, the offering includes preconfigured templates, rules and reports to help insurers address the complexity associated with these accounting standards and ensure compliance.
Effective Jan. 1, 2022, IFRS 17 provides new standards for how insurers recognize revenue tied to their insurance contracts. Similarly, LDTI changes the assumptions insurers use to measure the liability of future policy benefits for traditional insurance contracts.
Many industry observers consider these new accounting standards to be the most challenging financial reporting changes for insurers in decades, requiring innovative approaches using new technology. Together, Accenture and Oracle have created a solution that drive benefits beyond the finance function to the entire enterprise. Recent Accenture research revealed that CFOs who full
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Fs Architect Next Gen Banking Report
Fs Architect Next Gen Banking Report