2 About OFS Data Governance for North America Regulatory Reporting Application Pack
The Oracle Financial Services Data Governance for North America Regulatory Reporting (OFS DGS North America Regulartory 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 North America Regulatory
Reporting: Oracle Financial Services Data Governance for North
America Regulatory 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 US FED Regulatory reports associated with this release are as follows:
- FFIEC-031
- FFIEC-041
- FR Y-9C
- FR Y-15
- FFIEC-009
The Oracle Financial Services Regulatory Reporting for Office of Superintendent of Financial Institutes Canada Applications Packassociated with this release are as follows:
- E2
- A4
- B2
- J2
- N3
- K4
- P3
- C3
- E3