2 Introduction to OFS PA Applications Pack
Oracle Financial Services Performance Analytics Applications Pack includes the following applications:
- Oracle Financial Services Analytical Applications
Infrastructure: 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) enables financial institutions to measure and meet the 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.
- Oracle Financial Services Institutional Performance Analytics: Oracle Financial Services Institutional Performance Analytics (OFSIPA) is a Business Intelligence application to aid banks identify profitable and potentially profitable accounts and customer relationships in its Institutional/ corporate customer base. In particular, the customer 360 view of the application enables bankers to have a view of customers with respect to their finances, performance and profitability metrics, engagement, x-sell and channel propensities along with product behavior. All this can be compared at the customer segment and enterprise level. Fully loaded P&L’s and actionable insights about customers and their relationship managers from the application enables banks to take timely and relevant strategy decisions in a rapidly evolving marketplace which is strongly customer centric.
- Oracle Financial Services Retail Performance Analytics: Oracle Financial Services Retail Performance Analytics (OFSRPA) is a Business Intelligence application to aid banks identify profitable and potentially profitable accounts and customer relationships in its Retail customer base. In particular, the customer 360 view of the application enables bankers to have a view of customers with respect to their finances, performance and profitability metrics, engagement, x-sell and channel propensities along with product behavior. All this can be compared at the customer segment and enterprise level. Fully loaded P&L’s enable banks to take timely and relevant strategy decisions in a rapidly evolving marketplace which is strongly customer centric.
- Oracle Financial Services Enterprise Financial Performance Analytics:This application is based upon a dedicated reporting mart built on the Financial Services Data Model and displays Profitability results generated at the Management Ledger level by the Funds Transfer Pricing and Profitability Management applications. OFSEFPA leverages several components of OBIEE technology. It includes various aggregate Dashboards and Reports for the user to carry out Profitability Management based analytics at the level of Organization and Product.
See the subsequent chapters to know more about this release.