Oracle Financial Services Analytical Applications recently released the 8.0.2 upgrade.  Below are some of the major enhancements to the Platform.


Big Data Processing

  • New option to AAI
  • Enables OFSAA applications on AAI to perform analytics on Big Data
  • Core AAI frameworks enhanced to accommodate data on Apache Hadoop /Hive:
    • User Security & Access
    • Metadata Management
    • Data Management and Data Quality
    • Run Rule Framework
  • Uniform analytics experience across Big Data and Data Warehouse settings
  • Cloudera Certified


Enterprise Modeling

  • MATLAB support: Modelers can register and execute MATLAB models in addition to R models
  • Support for Multiple R execution venues: Open R, Revo R, Scale R
  • Introduction of departmental workspaces (as a more flexible replacement for sandboxes) for better enterprise modeling capability (continuing into 8.1)
  • Stress Testing framework
    • Redesign of centralized Scenario Management
      • Stochastic rules for shocks, variable-variable dependencies etc.
    • Stress run management redesign
      • Create general purpose baseline and stress run comparison F/W
      • More generally applicable what-if modeling (for use with liquidity, pricing and other apps)


Analytical Applications Infrastructure

  • Integration with OFSAA Model Risk Management
    • Tighter integration of Enterprise Modeling with MRM