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: OFSAA Application Packs
Topics:
· Oracle Financial Services Analytical Applications Infrastructure (OFS AAI)
· About OFS Credit Risk Analytics Application Pack
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 or 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 the 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: Logical Architecture Implemented for OFSAA Application Packs
OFS CRA Application Release v8.1.0.0.0 includes the following products:
· Oracle Financial Services Credit Risk Analytics (OFS CRA):
OFS CRA empowers financial institutions to proactively identify, measure, and mitigate enterprise wide credit risk though its comprehensive, dynamic, and high-quality reports. The application helps gain a holistic enterprise wide view of credit risk present across the banking and trading book. It also enables mitigation of credit and compliance costs by proactively identifying stressed pockets, credit concentrations, undifferentiated credit expansions, provisioning, capital shortfalls, and so on.
The application enables financial institutions to realign their Credit, Non-performing Assets (NPA), Provisioning, and Capital Management policy. The application is packaged with prebuilt infographic reports and dashboards using Oracle Business Intelligence Enterprise Edition (OBIEE), which also offers enhanced flexibility to customize these prebuilt reports through the inbuilt Visual Analyser. OFSCRA is a one-stop solution crafted to adequately address the credit risk management challenges faced by all categories of financial institutions.
To install an OFS CRA application instance, users and administrators must download this installer. The following figure displays the order of procedures you must follow to install a new OFS CRA instance.
NOTE:
This installer supports the fresh installation of OFS CRA v8.1.2.0.0.
Figure 4: Installation Flow
The Oracle Financial Services Analytical Applications Infrastructure Extension (OFS AAIE) Pack adds a set of new advanced features for v8.1.2.0.0 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 the procurement of an additional license. For more information, see the OFS AAIE Release Notes and Installation Guide on the OHC Documentation Library.
Release 8.1.2.0.0 of OFS CRA supports the following installation 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.
New Installation Scenario |
Installation and Upgrade Instructions |
|---|---|
Installing Release 8.1.0.0.0 application pack for the first time (new installation). |
1. Prepare for the Installation. |
Install OFS CRA Application Pack v8.1.2.0.0 on an Existing OFSAA Instance You have already installed an application pack from release 8.1 and now you want to install another application pack from Release 8.1.2.0.0. Example: OFS ALM Pack is already installed and now you want to install OFS CRA Pack. |
1. Run the schema creator utility ONLY for the new pack. 2. Update the OFS_CRA_PACK.xml file for the newly licensed pack. 3. Update the Silent.props file of the newly licensed pack. 4. Trigger the Release v8.1.2.0.0 installation. |
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_CRA_PACK |
None |