2.1 About 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.