2 About OFS Data Governance for Europen Central Reporting Application Pack
The Oracle Financial Services Data Governance for European Central Reporting application pack includes the following applications:
- Oracle Financial Services Analytical Applications (OFSAA): In
today's turbulent markets, financial institutions require a better understanding of
their risk-returns, 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.
OFSAA delivers a comprehensive, integrated suite of financial services analytical applications for both banking and insurance domains.
The Financial Services Analytical Applications Infrastructure is comprised of a set of frameworks that operates on and with the Oracle Financial Services Analytical Applications Data Model. This infrastructure delivers metadata across the stack and provides a single set of computational engines, stochastic modeling methods, and business rules. Data Integration Hub allows the financial institution to source data from multiple source systems to OFSAA required for analytical processing and reporting.
OFSAA Infrastructure is the foundation for Oracle Financial Services Analytical Applications (OFSAA). It provides support for User Administration, Metadata Management, a Processing Framework, a Forms Framework, and additional capabilities, necessary for the individual business applications of OFSAA packs, across the domains of Risk, Performance, Compliance, and Customer Insight.
- OFS Data Governance for European Central Reporting: Oracle
Financial Services Data Governance for European Central Reporting can help financial
institutions in the United States to automate Data Management and Governance while
reducing cost, increasing efficiency, competitiveness, and customer management. The
product is a part of the holistic Data Management Solution (with data foundation,
data integration, and data governance). The Data Governance Solution provides an
operational and active governance layer with content to ensure accuracy and
confidence in the data elements and processes surrounding it right from its sources
to Regulatory Reports. The solution has prebuilt content that offers a head start to
organizations in the data management process to help them comply with BCBS 239.
The European Banking Authority (EBA) Reports associated with this release are as follows:
The following Reports are COREP Reports:
- CAR
- CRGB
- CRIP
- CRSA
- LR
The following reports are the FINREP Reports:
- FI01
- FI02
- FI03
- FI04
- FI05
- FI06
- FI07
- FI08
- FI09
- FI10
- FI11
- FI12
- FI13
- FI14
- FI15
- FI16
- FI17
- FI18
- FI19
- FI20
- FI21
- FI22
- FI30
- FI31
- FI41
- FI42
- FI43
- FI44
- FI45
Note:
Release v8.1.2.0.0 of OFS DGS EBA is not certified for AIX and Solaris x86 Operating Systems. If you are currently running OFSAA v8.0.x on AIX or Solaris x86 Operating Systems and plan to upgrade to Release v8.1.2.0.0, then you must migrate from AIX or Solaris x86 to Linux or Solaris SPARC. See the MOS Doc ID 2700084.1 for details.