In today's turbulent markets, financial institutions require a better understanding of their risk-return, while strengthening competitive advantage and enhancing long-term customer value. Oracle Financial Services Analytical Applications (OFSAA) enable financial institutions to measure and meet risk-adjusted performance objectives, cultivate a risk management culture through transparency, lower the costs of compliance and regulation, and improve insight into customer behavior.
OFSAA uses industry-leading analytical methods, shared data models, and applications architecture to enable integrated risk management, performance management, customer insight, and compliance management. OFSAA actively incorporates risk into decision making, enables to achieve a consistent view of performance, promote a transparent risk management culture, and provide pervasive intelligence.
Oracle Financial Services Analytical Applications delivers a comprehensive, integrated suite of financial services analytical applications for both banking and insurance domains.
The following figure depicts the various application packs that are available across the OFSAA Banking and Insurance domains.
Figure 1: Application Packs of OFSAA
Topics:
· Oracle Financial Services Analytical Applications Infrastructure (OFS AAI)
· About OFS Market Risk Measurement and Management Application Pack
· Installation and Upgrade Scenarios
Oracle Financial Services Analytical Applications Infrastructure (OFS AAI) powers the Oracle Financial Services Analytical Applications family of products to perform the processing, categorizing, selection and manipulation of data and information required to analyze, understand and report on specific performance, risk, compliance and customer insight issues by providing a strong foundation for the entire family of Oracle Financial Services Analytical Applications across the domains of Risk, Performance, Compliance and Customer Insight.
Topics:
· Components of OFSAA Infrastructure
· OFSAA Infrastructure High Availability
The OFSAA Infrastructure includes frameworks that operate on and with the Oracle Financial Services Analytical Applications Data Model and forms the array of components within the Infrastructure.
The OFSAA Infrastructure components/frameworks are installed as two layers; primarily, the metadata server and Infrastructure services run on one layer, while the UI and presentation logic run on the other. The UI and presentation layer are deployed on any of the supported J2EE Servers.
The following figure depicts the various frameworks and capabilities that make up the OFSAA Infrastructure.
Figure 2: Components of OFSAAI
The current release of the OFSAA Infrastructure supports only the Single Instance installation for the Infrastructure components. However, the High Availability (HA) for the Database Server and/ or the Web application server clustering and deployment is supported in this release.
This release supports the Active-Passive model of implementation for OFSAAI components. For more information, see Oracle Financial Services Analytical Applications Configuration for High Availability Best Practices Guide.
The following figure illustrates the deployment topology of OFSAA application packs.
Figure 3: The logical architecture implemented for OFSAA Application Packs
This application delivers extensive and robust computations, to enable financial institutions to effectively evaluate and manage market risk across the enterprise. OFS MRMM enables financial institutions to accurately measure, evaluate, monitor and manage market risk. Additionally, it enables financial institutions to proactively comply with the regulatory requirements of capital calculation as per the Internal Models Approach (IMA), and the latest market risk capital regulations such as Fundamental Review of Trading Book (FRTB). The application comes with pre-built reports and dashboards using OBIEE tool which enables financial institutions to monitor and track risk. It works as starter kit which can be utilized by users to further develop their own analytics.
Users and Administrators who wish to install an OFS MRMM application pack 8.1.1.0.0 instance should download this installer. The following figure shows the order of procedures you must follow to install a new OFS MRMM Pack 8.1.1.0.0 instance.
NOTE:
This installer supports both upgrade (from OFS MRMM 8.1.0.1.0 onwards) and fresh installation of OFS MRMM 8.1.1.0.0.
Figure 4: Installation Flow
The Oracle Financial Services Analytical Applications Infrastructure Extension (OFS AAIE) Pack adds a set of new advanced features for 8.1.1.0.0 Release across OFSAA applications. This pack can be installed on an OFSAA instance having one or more OFSAA application packs.
The Oracle Financial Services Analytical Applications Infrastructure Extension Pack includes the following advanced features and functionalities:
· Distributed Processing Capabilities
· Analytic Pipeline and Process models
· Attribution Analysis
· Content Management Interoperability Services
NOTE:
The pack is enabled by procurement of an additional license. For more information, see the OFS AAIE Release Notes and Installation Guide on the OHC Documentation Library.
Release 8.1.1.0.0 of OFS MRMM supports various installation and upgrade scenarios. A high-level overview of the possible scenarios is provided in the following table. Detailed procedural steps are provided in the succeeding sections of this document.
Scenario |
Installation and Upgrade Instructions |
|---|---|
Installing Release 8.1.1.0.0 application pack for the first time (new installation). |
1. Prepare for the Installation. |
Install OFS MRMM Application Pack v8.1.1.0.0 on an Existing OFSAA Instance You have already installed an application pack from release 8.1.1.0.0 and now you want to install another application pack from Release 8.1.1.0.0. Example: OFS ALM Pack is already installed and now you want to install OFS MRMM Pack. |
1. Run the schema creator utility ONLY for the new pack. 2. Update the OFS_MRMM_PACK.xml file for the newly licensed pack. 3. Update the Silent.props file of the newly licensed pack. 4. Trigger the Release 8.1.1.0.0 installation. |
Upgrade an already installed application pack from OFS MRMM 8.1.0.1.0 You are upgrading the application pack from Release 8.1.0.1.0 or later to Release 8.1.1.0.0. Example: You are on release 8.1.0.1.0 and now want to upgrade to Release 8.1.1.0.0. |
1. Update the Silent.props file. 2. Trigger the Release 8.1.1.0.0 installation. 3. Update the .profile file. |
This table lists the applications or app-combinations that must not be installed on a single infodom.
If you are installing |
Do not Install the Listed Application in the Same Environment |
|---|---|
OFS_MRMM_PACK |
None |
NOTE:
If you are upgrading the OFSAA Application Pack to release v8.1.1.0.0, you must upgrade the other packs installed in the same environment to release v8.1.1.0.0, to ensure successful deployment.