Modeling and Checking Business Process Compliance Rules in the Financial Sector
نویسندگان
چکیده
Assuring compliance of business processes with legal and internal regulations is crucial for financial institutions, as non-compliance may lead to severe financial and juridical penalties. To ensure business process compliance, process models have been established as a widely accepted basis for the design, documentation and control of the implementation of business process rules. Accordingly, in this paper, we introduce a semi-automatic business process compliance checking approach based on process models and related models. It relies on graph-based pattern matching, which makes it possible in contrast to existing approaches to define and check any possible type of business rule in any possible type of business process model or even other type of model. The approach is embedded in a design science research methodology.
منابع مشابه
Business Rule Based Extension of a Semantic Process Modeling Language for Managing Business Process Compliance in the Financial Sector
Managing business process compliance is an important topic in the financial sector. Various scandals and the financial crisis have caused many new constraints and legal regulations that banks and financial institutions have to face. Based on a domain-specific semantic business process modeling notation we propose generic process compliance business rules that serve as a first step towards the i...
متن کاملModeling and Analysis of Business Process Compliance
Managing business process compliance is a highly important topic in the financial sector. Various scandals and last but not least the financial crisis have caused many new constraints and legal regulations that banks and financial institutions need to face. Based on a domain-specific semantic business process modeling notation, we propose a new approach to modeling and analysis of business proc...
متن کاملUsing a Generic Model Query Approach to Allow for Process Model Compliance Checking - An Algorithmic Perspective
Increased regulation forces financial companies to assure their business processes’ compliance with legal and company-internal rules. In this paper, we introduce a model-driven business process compliance checking approach. It allows for defining compliance rules and identifying their occurrences in process models based on a graph theory-based approach. We outline the challenges to be met in th...
متن کاملSupporting Business Process Compliance in Financial Institutions â•fi A Model-Driven Approach
Recently, several approaches have been developed to check process models for compliance with laws and regulations. In this paper a contribution is made with respect to reducing the complexity of compliance checking by partially automating business process compliance (BPC) checking. We present a model checking approach that is able to check process models for BPC. In particular, we apply a gener...
متن کاملSupporting Business Process Compliance in Financial Institutions - A Model-Driven Approach
Recently, several approaches have been developed to check process models for compliance with laws and regulations. In this paper a contribution is made with respect to reducing the complexity of compliance checking by partially automating business process compliance (BPC) checking. We present a model checking approach that is able to check process models for BPC. In particular, we apply a gener...
متن کامل