Overview

The core of Financial Institutions Models is Risk, Marketing, Financial Crime, and Enterprise Performance Analytical Applications. These models include traditional statistical techniques, modern machine learning methods, computational and simulation models. Oracle Financial Services Enterprise Modeling leverages popular statistical platforms such as the R platform and presents a framework for developing, deploying, and managing models at the enterprise level, for financial institutions.

As an enterprise modeling toolkit, Oracle Financial Services Enterprise Modeling enables an institution's IT policies to be enforced while providing flexibility and freedom that Data Scientists and Statistical Modelers desire. Administrative users grant analysts and modelers access to sandboxes - particular analytical subject areas of interest along with a subset of production data - for model building. Validated and approved models may then be promoted from sandboxes to the enterprise model repository. Models in the repository may then be woven into analytical application flows crafted by mixing data management tasks, model execution, and deterministic business logic.

As the use of models proliferate and as modeling becomes a self-service idea within financial institutions, authorized modelers may publish techniques -- parameterized templates of models that serve as building blocks or standardized blueprints for models - so that the best ideas from experienced modelers are captured and reused within the firm. Oracle Financial Services Enterprise Modeling supports techniques developed using R language.

Unique to the needs of large and medium-sized financial institutions is the need to project capital levels under a variety of macroeconomic conditions, to assess the institution's financial strength under different stress scenarios. The Stress Testing Framework within Oracle Financial Services Enterprise Modeling enables risk and finance officers to define various shocks and scenarios and to apply these conditions uniformly across different model execution runs.

Data lineage and traceability are central to a Financial Intuition's governance process. Oracle Financial Services Enterprise Modeling Application together with the pre-requisite Oracle Financial Services Analytical Applications Infrastructure Application provides a toolkit for developing complete end-to-end analytical applications with data lineage and traceability enabled at every step along the analytical workflow.