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 Balance Sheet Planning 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/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 layers 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 BSP Application Pack includes the following applications:
· Oracle Financial Services Analytical Applications Infrastructure: 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 needed 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.
· Oracle Financial Services Balance Sheet Planning: The Oracle Financial Services Balance Sheet Planning application is a packaged web-based application built on top of Oracle Financial Services Advanced Analytical Applications Infrastructure (OFS AAI). It is designed to enable financial institutions to budget or forecast a full balance sheet and associated interest income and interest expense. The provision of balance sheet and net interest margin planning capability, when combined with OFS AAI functionality for fee and expense planning and process management, results in a complete and comprehensive planning solution for financial institutions. The high-level features of Oracle Financial Services Balance Sheet Planning include:
§ Calculation of future projected cash flows for balance sheet products, including output of comprehensive balance, interest income/expense, and interest rate data elements
§ The output of cash flow data for the current book of business separate from future new business volume cash flows, with aggregation to total balance sheet account level
§ Provision of broad balance sheet product support
§ Creation of budgets or forecasts in denominated and/or functional currencies
§ Provision of data entry/driver calculation tools to assist users with driver data generation
§ Employment of market interest rate based pricing, where new add volumes and repricing balances are priced at spreads to market interest rate indices
§ Provision of funds transfer pricing capabilities, integrating with and leveraging the existing Oracle Financial Services Funds Transfer Pricing engine. This functionality includes a full set of cash flow and non-cash flow-based Transfer Pricing methodologies, as well as the ability to generate transfer pricing adjustments such as liquidity premiums, pricing incentives, and other adjustments
§ Provision of two-way integration with the Oracle Financial Services Asset Liability Management application
The Oracle Financial Services Analytical Applications Infrastructure Extension (OFS AAIE) Pack adds a set of new advanced features for the 8.1.0.0.0 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 8.1.0.0.0 of OFS BSP Applications Pack supports fresh installation and also upgrades from versions 8.0.8.0.0 or later.
The following illustration shows the sequence of steps you need to follow to perform the installation.
Figure 4: Installation Flow of OFSAA Application Packs
