Oracle Financial Compliance Regulatory Reporting

Supplement change contains Compliance Regulatory Reporting (OFS CRR) functionality. This functionality has a restricted use and is to be used only for the following purposes:

• The OFS CRR application is used to analyze the reports and take appropriate action on the report for a resolution.
• The Oracle Financial Services Compliance Regulatory Reporting application seamlessly integrates with the Oracle Financial Services Enterprise Case Management system, enabling the automatic generation of reports filled with pertinent information related to an ongoing investigation for any filed report.
• The OFS CRR application facilitates the creation of an e-file in a designated format based on regulator specifications. Upon successful e-filing, users can retrieve the acknowledgment file from the Regulator E-Filing System and upload it to the OFS CRR application, effectively finalizing the SAR process.
• When a report is generated in the OFS CRR application via the OFS ECM application, the report details are automatically filled with data from the corresponding case that prompted the report creation.
• Roles – Analyst and Supervisor: Analyst role users have the ability to update a report in Open status and request its details for approval. A Supervisor is authorized to approve, rework, or cancel the filing of reports following the Analyst's approval request. Once approved by the Supervisor, the Regulatory Reporting application generates the report after completing all required validations. Subsequently, the report is submitted to the Regulator..