After successfully putting a new OpenRules-based system in production, the bank extended the use of OpenRules to another mission-critical application related to risk management. Below you can read the description of this OpenRules success story. Continue reading →
This year DecisionCAMP was held in Luxembourg Sep 17-19 as a part of the Logic for AI Summit. It became an important event that attracted experts and practitioners in the business decision management from 14 countries. We had 54 official registrations and sometimes even more people were present in the auditorium. The representatives from almost all major BR&DM vendors and many well-known experts attended the event. As the chair of the event, I wrote the Notes from DecisionCAMP-2018 published at the DMCommunity.org blog.
A major California bank, facing looming regulatory deadlines, needed to develop a highly dynamic web application to support the bank’s complex customer account management processes. The integrated use of OpenRules’ s rule and rendering engines became the foundation for the successful and quick implementation. OpenRules nominated this real-world application to the first annual Business Rules Excellence Awards (BREA). This success story was selected as a worldwide Finalist in the 2018Business Rules Excellence Awards. This is a significant achievement for the Bank and OpenRules. The announcement of winning entries will take place on October 16.
I also published a paper “Building and Analyzing Goal-Oriented Decision Models” at the Proceedings of the RuleML+RR 2018 Challenge – it explains our goal-oriented approach to decision modeling using a Credit Card Application decision model. In my closing notes I tried to demonstrate how a smarter decision engine can simplify decision modeling using concrete examples from DMCommunity.org challenges. After considering different decision modeling approaches, we will add these capabilities to standard OpenRules features.