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ACTICO Decision Management; Model & Execute Rules

Avaloq and ACTICO have signed a software partnership. The result of the joint development is the Avaloq Business Rules Standard Adapter. It enables banks to load business rules which have been modeled in ACTICO Decision Management into the Avaloq Banking Suite and to execute them there.

Key features

  • Intuitive graphical modeling, management and testing of decisions and business rules. No programming required.
  • Enables business domain experts to create and maintain their decisions and business rules transparently.
  • The Avaloq BRE Standard Adapter transfers the business rules into the Avaloq Business Rules Engine
  • Business departments can read the graphical rules. Rule modifications always remain transparent.
  • Applicable for various use cases: Investment Suitability, simulation of cost and fees, Client Lifecycle Management

Description

Avaloq and ACTICO have developed the Avaloq Business Rules Standard Adapter. Use cases are: MiFID II and FIDLEG implementation to ensure investment suitability, Client Management Lifecycle or the simulation of cost and fees. The adapter enables banks to load business rules which have been modeled in ACTICO Decision Management into the Avaloq Banking Suite and to execute them there. Hence Avaloq customers benefit from the graphical modeling of the rules in ACTICO Decision Management. The DMN standard of the Object Management Group is used as the exchange format for rules. These rules, in other words – the decision logic – are transparent and comprehensible for the business departments of a financial institution. “Through the partnership with ACTICO, we enable the decision rules from the Avaloq Banking Suite to be graphically visible and intuitively modeled. In the digital world our customers can now adjust their automated decisions quickly, safely and flexibly”, states Thomas Beck, CTO at Avaloq. ACTICO Decision Management is a software for intelligent automation and digital decisioning. It combines human knowledge and artificial intelligence with automation technology. It is a low-code platform and makes it easy to implement applications and services in order to improve market responsiveness. The software offers a comprehensive support for testing, test management and simulation. It features a range of execution and integration capabilites (Web Service,Batch, Java API) for heterogeneous architectures. These allow the same decisions and business rules that are executed within the Avaloq Business Rules Engine to be executed as well outside Avaloq Banking Suite. Thus, they can be maintained at a single source, kept consistent and then be deployed to various execution environments within and outside Avaloq Banking Suite.

Company description

ACTICO is a leading international provider of software for intelligent automation and digital decisioning. Its scalable software combines rule-based technology and machine learning in a unique way and is totally audit-proof. It allows companies of all sizes to process huge amounts of data and make and automate AI-supported and rule-based decisions in real time. Through intelligent automation, ACTICO increases the business value of its customers by improving their operational decisions. Today, its customers include leading companies in 35+ countries, including KfW, ING, Volkswagen Financial Services, LGT Group and Bank Vontobel. The company has offices in Chicago and Singapore. Its head office is located in Immenstaad, Germany.

Preview

Documents

Model business rules in ACTICO Decision Management and execute them in the Avaloq Banking Suite

Transparent and revision-proof management of investment suitability rules

Software for digital automation in the banking, financial services and insurance industry

DMN - The Decision Model and Notation

DMN 1.1 Reference Guide

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Company: Actico GmbH
Kategorie: Compliance
Released: 30 Juli 2020