Oracle Financial Services Behavior Detection Application Pack v8.1.2.7.0
|
Oracle Financial Services Behavior Detection Application Pack v8.1.2.7.0 |
Oracle Financial Services
(OFS) Behavior Detection Application Pack is a separately licensed product.
Description
OFS BD Application Pack
v8.1.2.0.0 Minor Release #7 8.1.2.7.0 (ID 35958115).
This OFS BD Application Pack release is cumulative of all
enhancements and bug fixes since the v8.1.2.0.0 release.
Prerequisites
Refer to the below
pre-requisites:
•
Before applying OFS BD 8.1.2.7.0,
it is required to install OFSBD 8.1.2.0.0. For detailed instructions on
installing this OFS BD Release, see OFS BD Application Pack
Installation Guide 8.1.2.0.0.
•
Apply patch for Bug 35681234 - OFSAA
8.1.2.0.0 AAI ML RELEASE #4 (8.1.2.4.0).
•
Apply patch for Enh 35829211 - Avoid
Creating AAI and Some Other Related Tables While Creating Infodom
through Rest-API ( This step is applicable only if Know Your Customer is used
with Simulation).
How to Apply This Patch?
For detailed
instructions on installing this OFS BD release, see OFS Behavior Detection
Installation Guide 8.1.2.7.0.
About
This Release
This section describes the new features, bugs addressed,
and known issues in this release of OFS Behavior Detection.
Topics:
|
NOTE |
· Scenario Wizard is decommissioned with the 8.1.2.6.0 release. In the Scenario Wizard folder of the 8127 Installer Package, the associated configuration files are deleted. Due to deletion constraints, the Scenario Wizard folder can still be seen at path <$FIC_HOME/ficweb>. This will be removed in next major installer release. · As of now, Behavior Detection 8.1.2.7.0 supports HTTPS 1.1 and does not support HTTPS 2.0. |
The following is the list of new features included in this release:
AML
The following are the AML-related new
features/enhancements for OFS Behavior Detection Release 8.1.2.7.0:
1. The following scenarios were redesigned from Sequence Algorithms to Rule Algorithms for better performance:
Structuring:
Potential Structuring in Cash and Equivalent – Customer Focus
Table 1: Sequence
Algorithms to Rule Algorithms
|
Old Scenario |
New Scenario |
|
ML-PotStructuringCashAndEquiv.118725006.xml - CU |
ML-PotStructuringCashAndEquiv.118860031.xml - CU |
Note: The
old scenario file has been replaced by the new one listed above, for scenario
technical performance purposes. There is no change in the alert generation,
filters, data streams of interest, parameters, scenario configuration, building
blocks, highlights, frequency, and lookup period.
|
NOTE |
The TBAML features/capabilities
are now available in Behavior Detection with the 8.1.2.7.0 release. |
Capabilities:
§ Used
for monitoring suspicious Trade-based money laundering activities
§ Stores
trade finance transactional data during the life of a contract
§ TBAML
offers unique tables to store trade finance-related data. Details of these
tables can be found in the TBAML Data Model guide
§ Supports
various Date and Time Attributes for Trade Finance Contract and Documentary
Collection Contract
§ Supports
processing of Canceled Records
§ Different
measures available to assess risk:
·
Type of Contract
·
Customer (Name and Address)
·
Involved Parties (Name and Address)
·
Goods or Service
·
Transaction channel
·
Geography
§ Configurable
threshold sets for different scenarios
§ GDPR
compliant
§ Generates
events on the transaction data based on the scenarios. These events undergo
correlation rules to create cases in the Case Management application, which
will be used for further investigations.
TBAML Scenarios:
·
Customer Involved with Parties in High
Risk Geography
·
Significant Number of Amendments
·
Deviation from Peer Group - Commodity
Price Change
·
Inconsistent Shipping
·
Change in Behavior: Significant Change
in Commodity Price
·
Change in Behavior: Commodity Shift
·
Change in Behavior: High Risk Country
Shift
·
Change in Behavior: Region Shift
·
Change in Behavior: Anticipatory
Profile – Expected Goods/Services
For more information on TBAML scenarios,
see the TBAML TSD Guide on MOS.
The following are the KYC-related new
features/enhancements for OFS Behavior Detection Release 8.1.2.7.0:
1.
KYC Simulation Capability -
Enhancements: KYC Simulation capability (released in
V8.1.2.6) allows the user to run & test effectiveness of KYC risk
assessment model(s) in a sandbox environment. User can tune the configurations
(i.e. threshold weights and scores for risk parameters) for respective
jurisdictions, analyze the results of each simulation run including comparison
against production data and decide on the right champion model to be deployed
back to production.
This
feature is available via integration with OFS Compliance Studio Application.
2. Other
Key Enhancements:
a. Addition
of new IPE widget as part of the simulation model pipeline.
b. Aggregate
Comparison Reports: These UI based reports provide the aggregate comparison of
risk assessments between production and respective simulation run.
c. Detailed
Comparison Report: This report provides comparison of risk assessments between
production and respective simulation run at individual customer level. This can
be exported as an excel report.
The following bugs have been
fixed in OFS Behavior Detection Release 8.1.2.7.0.
Table 2: List of Resolved Issues
|
Component |
Bug
ID |
Resolution |
|
CTR |
35895028 |
Manage
Common Webservice and Common Parameters UI issue. Note: Parameter and Attribute
issue is fixed. |
|
CTR |
35542140 |
Consolidated
issues under Exemptions and Doep. Note: All the issues under this
are fixed. |
There are no known issues/limitations in OFS Behavior
Detection Release 8.1.2.7.0.
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