The OCC (“Office of the Comptroller of the Currency”) is an independent bureau of the United States Treasury Department. It charters, regulates and supervises all national banks. It also supervises the federal branches and agencies of foreign banks. In its regulatory role, it is similar to the FDIC. The OCC’s[..]
OLA
OLA is an abbreviation for “Operating Level Agreement“, which is a type of internal agreement between departments that make it possible for file transfer operations to achieve their SLAs (Service Level Agreements). See “Operating Level Agreement” for more information.
Onboard
To onboard a user or onboard a partner is to set up all the necessary user accounts, permissions, workflow definitions and other elements necessary to engage in electronic transfers of information with those users and partners. Automatic onboarding of users or partners usually involves external authentication technology of some kind. [..]
Operational Level Agreement
An operational level agreement (OLA) is a less stringent form of service level agreement (SLA) typically set up between two departments in the same organisation, especially when an OLA is set up to help support a customer-facing SLA. See “Service Level Agreement” for more information
Orchestration
Orchestration is the ability to control operational flows and activities based on business rules, especially in multi-application systems complicated enough to require middleware such as ESB (“Enterprise Service Bus”) or the older MOM (“Message-Oriented Middleware”). In the context of a file transfer system, orchestration often refers to the ability to[..]
OTS
The OTS (“Office of Thrift Supervision”) is a United States Treasury Department office that oversees “savings and loans”, particularly those involved in real estate mortgages. The OTS examines each member institution every 12-to-18 months to assess the institution’s safety and soundness. In that role, it behaves much like the FDIC[..]