Live from EBRC - Business Rules Approach Applied

Next EBRC session is Business Rules Approach Applied with Alcedo Coenen, formerly of ING. He was talking about knowledge analysis and how it can contribute to process optimization. Within banks, and other organizations, there is much to be gained from...

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Live from EBRC - AML Business Rules

Blogging live again from EBRC - this session is on AML Business Rules at PostFinance (part of Swiss Post) by Oliver K. Burnand who heads up compliance for PostFinance, the FSI within Swiss Post. Provides transaction processing as a public...

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Using EDM to respond to trends in Financial Services

Guillermo Kopp over at Tower Group wrote this piece - Top 10 Trends in Financial Services: New Approaches in a Changing World (subscription required). It is an interesting paper, though I hope he will write some follow-up pieces as there...

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Risk Management, some ideas

An old friend from England pointed me to this white paper - A new risk culture model - that he wrote recently (hi Jason). Jason is working on developing on an open-source risk framework (details here) and the white paper...

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Credit, risk and insurance

A colleague passed this link on to me today - Insurers use credit scores for premiums, but is it fair? It's a nice well-balanced article on the use of credit data in insurance risk assessment. There is a fair amount...

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Book Review: Making Robust Decisions

I just finished reading Dr David Ullman's new book, "Making Robust Decisions". The book is a discussion of the challenges of making complex decisions, especially those with alternatives and uncertainty, and a methodology/software platform for approaching these kinds of decisions....

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Here's a way someone is using enterprise decision management in mortgage

A colleague of mine (thanks Mark) pointed out this use of enterprise decision management in the mortgage industry - First American Real Estate Solutions' Vector platform. This platform, described as a "collateral valuation and risk management decisioning engine" has all...

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Enteprise Fraud Management requires Enterprise Decision Management

Rodney Nelsestuen over at Tower Group recently wrote this piece "Fraud Management: Covering the Basics, Extending the Value". There was a lot to like in this report and, if financial services fraud is something you care about, I highly recommend...

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Where has all the risk gone?

A couple of the blogs I read mentioned this LA Times article today - Insurers learn to pinpoint risks -- and avoid them. In particular RiskProf and Workers Comp Insider covered the article. RiskProf felt that the article missed the...

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Enterprise Decision Management and important IT trends

I saw this article in Baseline - The 30 Most Important IT Trends for 2007 - and it struck me how many of them pointed out the need for an enterprise decision management approach. Highlights included: Needing to focus on...

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