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RULEML
2015
Springer

Automated Decision Support for Financial Regulatory/Policy Compliance, using Textual Rulelog

3 years 6 days ago
Automated Decision Support for Financial Regulatory/Policy Compliance, using Textual Rulelog
We present a novel technological approach, based on Textual Rulelog, to automated decision support for financial regulatory/policy compliance, via a case study on banking Regulation W from the US Federal Reserve. Legal regulations and related bank operational policies in English documents are encoded relatively inexpensively by authors into Rulelog, a highly expressive logical knowledge representation. Key compliance queries are automatically answered accurately and fully explained in English, understandable to non-IT compliance staff and auditors. The prospective business impact of our approach over the next decade or two is significantly increased productivity and systemic stability, industry-wide, worth many billions of dollars. 1 Business Case A complex set of regulations and associated policies govern a wide range of operations and activities that financial institutions, such as banks and investment firms, engage in every day. Compliance, and proof of compliance, are essential...
Benjamin N. Grosof, Janine Bloomfield, Paul Fodor,
Added 17 Apr 2016
Updated 17 Apr 2016
Type Journal
Year 2015
Where RULEML
Authors Benjamin N. Grosof, Janine Bloomfield, Paul Fodor, Michael Kifer, Isaac Grosof, Miguel Calejo, Terrance Swift
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