OFSAA is a suite of Applications covering risk, performance, financial crime, compliance, customer insight, and regulatory reporting functions. These Applications are built on a Common Technology Infrastructure, which works off of a Singular Data Model that has unified structures for non-redundant acquisition, hosting, and processing of data, and renders rich information output that can be analyzed across a conformed set of perspectives. Sophisticated Processing Engines underlying the suite facilitates modular deployment and are controlled by comprehensive, user-configurable Metadata.
The OFSAA Applications are in use at several Financial Institutions across the globe.
Oracle Financial Services Analytical Applications delivers a comprehensive, integrated suite of Financial Services Analytical Applications for both Banking and Insurance Domains.
Topics:
· About the Oracle Financial Services Data Foundation Application Pack
· Components of the OFSDF Application Pack
The Oracle Financial Services Data Foundation (OFSDF) Application Pack is an Analytical Data Warehouse Platform for the Financial Services Industry. OFSDF Application Pack combines an industry Data Model for Financial Services along with a set of Management and Infrastructure Tools that allows Financial Services Institutions to develop, deploy, and operate Analytical Solutions spanning key functional areas in Financial Services, including the following:
· Enterprise Risk Management
· Enterprise Performance Management
· Customer Insight
· Financial Crime and Compliance Management
OFSDF is a comprehensive Data Management Platform that helps Financial Institutions to manage the Analytical Data Life Cycle from sourcing to reporting and Business Intelligence (BI) using a unified, consistent Platform and Toolset.
The OFSDF Application Pack consists of the following Components:
· Financial Services Analytical Warehouse Data Model
This is a Physical Data Model that supports Data Sourcing and Reporting related to the Key Analytical Use Cases in the Financial Services Industry. The Warehouse Model is a Physical Data Model, which is readily deployable, and consists of the Database Object Definitions, and Additional Supporting Scripts.
It is organized into two distinct sets of Tables based on purpose:
§ The Staging Model, which facilitates Data Sourcing from the Bank's internal Operational Systems such as Lending Systems, Trading Systems, Collateral Management Systems, and Master Data Management Systems.
§ The Reporting Model, which facilitates the storage of outputs from the Analytical Tools, Applications, and Engines in a manner that is conducive to Business Intelligence Reporting. The Warehouse Model is typically deployed into production through a set of Management Tools known as the Oracle Financial Services Analytical Application Infrastructure (OFSAAI). OFSAAI is a separate Product and is a prerequisite for OFSDF.
· Supporting Scripts
As part of the OFSDF Application Pack, additional Scripts are provided for basic operations such as internal data movement between the Staging and Reporting Tables.