BPM in Financial Services Industry

The following series of blog posts discuss common BPM use-cases in the Financial Services industry:

  • Financial institutions view compliance as a regulatory burden that incurs a high initial capital outlay and recurring costs. By its very nature regulation takes a prescriptive, common-for-all, approach to managing financial and non-financial risk. Needless to say, no longer does mere compliance with regulation will lead to sustainable differentiation.

For details, check out the 2 part series on managing operational risk of financial services process (part 1 / part 2).

  • Payments processing is a central activity for financial institutions, especially retail banks, and intermediaries that provided clearing and settlement services. Visibility of payments processing is essentially about the ability to track payments and handle payments exceptions as payments flow from initiation to settlement.

For details, check out the 2 part series on improving visibility of payments processing (part 1 / part 2).
Comments:

BPM usage in Financial firms tend to be around a particular product/service they offer. For example Mortgage/Home loan or Consumer Credit card. Having said that when it comes to Risk and Compliance Management more holistic approach makes perfect sense and how BPM can help in those areas is really interesting.

Posted by Kumar on April 20, 2012 at 09:24 AM PDT #

I thoroughly enjoyed these blogs...thanks and looking fowmrd to more industry specific bpm blogs

Posted by ranjan on April 23, 2012 at 01:00 AM PDT #

Post a Comment:
  • HTML Syntax: NOT allowed
About

Thoughts, news, tips on Oracle BPM and BPA Suite

Search

Archives
« April 2014
SunMonTueWedThuFriSat
  
1
2
3
4
5
6
7
8
9
10
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
   
       
Today
BPM Technical Resources