1. Release Notes
  2. Introduction to OFS Profitability Management Pack

2 Introduction to OFS Profitability Management Pack

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.

OFS Profitability Management (OFS PAM) pack includes the following applications.

  • Oracle Financial Services Analytical Applications Infrastructure: Provides the pre-requisite foundation services required to run all OFSAA applications including user and security management, object administration, and other foundational level services.
  • Oracle Financial Services Profitability Management: Helps Banks and Financial services institutions measure and manage profitability at the lowest level of detail, the account level, allowing for a rollup of profitability results across any dimension including customer, channel, product, or organizational unit. The application provides robust allocation functionality supporting both top-down and bottom-up allocation methodologies.

See the subsequent chapters to know more about this release.

Note:

Release v8.1.2.2.0 of OFS PFT Application Pack is not certified for AIX and Solaris x86Operating Systems. If you are currently running OFSAA v8.0.x on AIX or Solaris x86 Operating Systems, then you must migrate from AIX or Solaris x86 to Linux or Solaris Spark. See the MOS Doc ID 2700084.1 for details.