Related papers: Why Do Banks Find Business Process Compliance So C…
Credit Scoring is one of the problems banks and financial institutions have to solve on a daily basis. If the state-of-the-art research in Machine and Deep Learning for finance has reached interesting results about Credit Scoring models,…
Organizations need to manage numerous business processes for delivering their services and products to customers. One important consideration thereby lies in the adherence to regulations such as laws, guidelines, or industry standards. In…
Maintaining leadership in HPC requires the ability to support simulations at large scales and fidelity. In this study, we detail one of the most significant productivity challenges in achieving this goal, namely the increasing proclivity to…
We consider financial networks, where banks are connected by contracts such as debts or credit default swaps. We study the clearing problem in these systems: we want to know which banks end up in a default, and what portion of their…
For centuries, financial institutions have responded to liquidity challenges by forming closed, centralized clearing clubs with strict rules and membership that allow them to collaborate on using the least money to discharge the most debt.…
Ever-increasingly complex business processes are enabled by loosely coupled cloud-native systems. In such fast-paced development environments, data controllers face the challenge of capturing and updating all personal data processing…
Regulatory compliance is increasingly being addressed in the practice of requirements engineering as a main stream concern. This paper points out a gap in the theoretical foundations of regulatory compliance, and presents a theory that…
Tech-leading organizations are embracing the forthcoming artificial intelligence revolution. Intelligent systems are replacing and cooperating with traditional software components. Thus, the same development processes and standards in…
Continuous integration (CI) has become a ubiquitous practice in modern software development, with major code hosting services offering free automation on popular platforms. CI offers major benefits, as it enables detecting bugs in code…
I sketch a program for a microeconomic theory of the main component of the business cycle as a recurring disequilibrium, driven by incompleteness of the financial market and by information asymmetries between borrowers and lenders. This…
Conformance checking is a set of process mining functions that compare process instances with a given process model. It identifies deviations between the process instances' actual behaviour ("as-is") and its modelled behaviour ("to-be").…
Conformance checking is a crucial aspect of process mining, where the main objective is to compare the actual execution of a process, as recorded in an event log, with a reference process model, e.g., in the form of a Petri net or a BPMN.…
The financial services industry has unique explainability and fairness challenges arising from compliance and ethical considerations in credit decisioning. These challenges complicate the use of model machine learning and artificial…
Information and communication technologies are by now employed in most human activities, including economics and finance. Modern computers have reached an extraordinary power in terms of information processing, storage, retrieval, and…
Since the emergence of blockchain technology, its application in the financial market has always been an area of focus and exploration by all parties. With the characteristics of anonymity, trust, tamper-proof, etc., blockchain technology…
Computing systems form the backbone of many areas in our society, from manufacturing to traffic control, healthcare, and financial systems. When software plays a vital role in the design, construction, and operation, these systems are…
The capability to store data about business processes execution in so-called Event Logs has brought to the diffusion of tools for the analysis of process executions and for the assessment of the goodness of a process model. Nonetheless,…
Bank failures can stem from runs on otherwise solvent banks or from losses that render banks insolvent, regardless of withdrawals. Disentangling the relative importance of liquidity and solvency in explaining bank failures is central to…
Most modern software products incorporate open source components, which requires compliance with each component's licenses. As noncompliance can lead to significant repercussions, organizations often seek advice from legal practitioners to…
Why do banks fail? We create a panel covering most commercial banks from 1863 through 2024 to study the history of failing banks in the United States. Failing banks are characterized by rising asset losses, deteriorating solvency, and an…