A bank is considering implementing a business rules management system for assessing the risk and creditworthiness of
Question:
A bank is considering implementing a business rules management system for assessing the risk and creditworthiness of individuals as part of the loan approval process. What might be the benefits of such a system? What are some of the factors that must be weighed in this decision? What potential legal or ethical issues might arise in the use of such a system?
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The bank could use a BRMS that relies on verifiable customer and credit data rather ...View the full answer
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Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
QuickBooks Online - Certified ProAdvisor (Advance - QuickBooks Online for 3 years.
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Related Book For 
Principles of Information Systems
ISBN: 978-1305971776
13th edition
Authors: Ralph Stair, George Reynolds
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