About Oracle Financial Services Model Management and Governance

Financial Institutions require models that work on traditional statistical techniques, modern machine-learning methods, computational and simulation models. Oracle Financial Services Model Management and Governance leverage the Data Studio environment to develop, deploy, and manage models at the enterprise level.

The OFS Model Management and Governance application enables institutions to implement their IT policies while providing flexibility and freedom that Data Scientists and Statistical Modelers desire. OFS MMG's design facilitates financial institutions to manage external regulatory and internal governance policies by building testing models in a workspace environment. A workspace is provisioned and authorized for use (usually by an administrator) before making it available to modelers. Administrative users grant analysts and modelers access to workspaces along with a subset of production data to build models. Validated and approved models can then be promoted from workspaces to the enterprise model repository. Models in the repository can then be woven into analytical application flows crafted by mixing data management tasks, model execution, and deterministic business logic.