2 About Oracle Financial Services Advanced Analytical Applications Infrastructure (OFSAAAI) Application Pack

Oracle Financial Services Advanced Analytical Applications Infrastructure (OFSAAAI) Application Pack provides integrated stress testing and modeling capabilities that you can readily apply across multiple risk areas enabling institutions to devise appropriate enterprise-wide and holistic risk and economic capital strategies.

OFSAAAI enables you to comply with regulatory requirements on stress testing, enables advanced customer and portfolio analytics, utilize multiple industry-standard techniques, test and model with complete data integrity.

OFSAAAI Application Pack includes the following applications:

Financial Services Analytical Applications Infrastructure: This application powers the Oracle Financial Services Analytical Applications family of products to perform the processing, categorizing, selection and manipulation of data and information required to analyze, understand and report on specific performance, risk, compliance and customer insight issues by providing a strong foundation for the entire family of Oracle Financial Services Analytical Applications across the domains of Risk, Performance, Compliance and Customer Insight.

Financial Services Enterprise Modeling: This application helps banking institutions to identify the business opportunities and to measure the risk prevailing in the competitive market to safeguard the regulatory and economic capital of banks.

Financial Services Big Data Processing: This option introduces, into the OFSAA platform (OFSAAI), the capability to run analytics on data stored in Hadoop Distributed File System (HDFS).

With the Big Data Processing (BDP) add-on option, all core data management frameworks within OFSAA such as Data Management Framework (T2T/ F2T), Data Quality Framework, and Rules framework are enhanced to operate on both Oracle RDBMS data sources as well as Apache Hive data sources. An OFSAA Run definition can contain tasks that transform data held in the Hive. OFSAA applications that use these platform frameworks for expressing application logic automatically gain the ability to manage data held in the Hive. The OFSAA platform leverages HiveQL and Map Reduce to process data directly in the Hadoop cluster without having to stage data in a relational database.

Financial Services Inline Processing Engine: This application provides real-time monitoring, detection and interdiction of single and complex fraud events across multiple channels and lines of business.