The 2009 SIFMA-IBM Technology Survey Results
Download these survey results and find out what SIFMA members revealed about new technologies and computing models and how they are managing major industry challenges.
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Before & After: Quantifying Business Rule Results in Key Banking Applications
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Overview: Streamlining lending processes is crucial as pressures mount to minimize credit risks, reduce spending, and increase customer acquisition and retention rates. Financial services firms have shown some of the most dramatic, reliable gains for agile operations, profitability, and new growth with the use of Business Rule Management Systems (BRMS), often in the context of Business Process Management (BPM) projects, Service-Oriented Architecture (SOA) initiatives, and/or commercial Loan Origination System (LOS) upgrades. BRMS plays a key role going paperless, speeding lending decisions, eliminating the hard coding of business policies that change quickly, promoting customer on-boarding, and generating maximum customer lifetime value. In this paper, five actual BRMS deployments are reviewed in a “before and after” format for these credit and lending applications: pre-qualification, best fit loan recommendation and selection, commercial loan approvals, automated underwriting, and credit card account management.
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