2.1 About OFSAA

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 model, 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.

With the help of OFSAA, the financial services organizations can achieve, management excellence with a lower total cost of ownership, due to our integrated, architecture, combining performance and risk applications into a single, seamlessly integrated framework. OFSAA delivers a comprehensive and integrated suite of financial services analytical applications for both the banking and insurance domain.

Figure 2-1 OFSAA Applications Packs