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