2                                   Introduction

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, promotes a transparent risk management culture, and provides 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 Oracle Financial Services Loan Loss Forecasting and Provisioning Application Pack

·        OFS AAI Extension Pack

·        Installation Overview

·        Installation and Upgrade Scenarios

·        Compatibility Matrix

2.1                            Oracle Financial Services Analytical Applications Infrastructure (OFS AAI)

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 

·        Deployment Topology

2.1.1                   Components of OFSAA Infrastructure

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 is 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

2.1.2                 OFSAA Infrastructure High Availability

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.

2.1.3                 Deployment Topology

The following figure illustrates the deployment topology of OFSAA application packs.

Figure 3: Logical Architecture Implemented for OFSAA Application Packs

2.2                           About Oracle Financial Services Loan Loss Forecasting and Provisioning Application Pack

International Financial Reporting Standards (IFRS) guidelines have set out new requirements on the classification and measurement of financial assets and liabilities. It specifies two approaches for the measurement of assets namely Amortized Cost and the Fair Value approach. The scope of Oracle Financial Services Loan Loss Forecasting and Provisioning is to focus only on the amortized cost approach.

2.3                           OFS AAI Extension Pack

The Oracle Financial Services Analytical Applications Infrastructure Extension (OFS AAIE) Pack adds a set of new advanced features for the 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 the procurement of an additional license. For more information, see the OFS AAIE Release Notes and Installation Guide on the OHC.

2.4                          Installation Overview

To install an Oracle Financial Services Loan Loss Forecasting and Provisioning application pack 8.1.1.0.0 instance, users and administrators must download this installer. The following figure displays the order of procedures you will need to follow to install a new Oracle Financial Services Loan Loss Forecasting and Provisioning Pack 8.1.1.0.0 instance.

NOTE:   

This installer supports both upgrades (from OFS Loan Loss Forecasting and Provisioning (LLFP) 8.0.9 onwards) and fresh installation of Oracle Financial Services Loan Loss Forecasting and Provisioning 8.1.1.0.0.

Figure 4: Installation Flow

2.5                           Installation and Upgrade Scenarios

Release 8.1.1.0.0 of Oracle Financial Services Loan Loss Forecasting and Provisioning 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.

2.6                          Compatibility Matrix

This table lists the applications or app-combinations that must not be installed on a single infodom.

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 a successful deployment.