• InRule® for Banking and Financial Services

    Like client or transaction information, decision logic is siloed across separate systems, meaning that inconsistent decisions are made in every area of banking and financial services from risk rating to underwriting to pricing. Providing powerful rule management, InRule can help ensure compliance with BASEL II and other key regulations.

    Because InRule can be called in process or as a service, decision logic can be shared across applications and platforms, ensuring consistent decision-making. And because subject matter experts like risk analsyts can author and update rules and calculations, maintenance costs are lowered and new business logic deployed more quickly.

    InRule automates and manages decision logic in Banking and Financial Services applications, including:

    • Anti-Money Laundering
    • Compliance
    • Fraud Management
    • Risk Rating
     
    • Loan Origination and Loan Processing
    • Trading
    • Underwriting
    • Due Diligence
     

     

    "InRule enables Credit Risk Analysts to configure new scorecards and revise existing ones which takes 60%-70% of initial programming out of the cycle time, reduces ongoing IT maintenance and significantly enhancing the 'Speed to Market' - production use of the scorecards by analysts."
    Risk Management Executive, Top US Bank  

    BASEL II and Risk Rating Scorecards

    A top U.S. Bank/Brokerage firm, with assets of more than $700B had more than 50 Excel-based scorecards for rating and risk management. While the Risk Managers loved the ability to change the spreadsheets themselves, BASEL II compliance was difficult and the spreadsheets were expensive and difficult to maintain across the enterprise. The Bank decided to solve the problem by replacing the spreadsheets with centrally maintained web applications. While this solution did enable compliance and central control, all logic changes had to be made through IT. Because Risk Managers could not update the logic, a three-month almost immediately appeared.

    InRule-powered applications have now replaced Excel-based scorecards, delivering the following benefits:

    • Helps ensure compliance
    • Reduces maintenance costs
    • Improves agility

    “InRule enables Credit Risk Analysts to configure new scorecards and revise existing ones which takes 60%-70% of initial programming out of the cycle time, reduces ongoing IT maintenance and significantly enhancing the 'Speed to Market' - production use of the scorecards by analysts.“ Risk Management Executive, Top US Bank 

    Go to top 

    Loan Origination

    Founded in 1980, MortgageFlex Systems, Inc., USA, Jacksonville, Florida, is a leading provider of innovative software and systems solutions for the lending industry. The LoanQuest product platform includes Point of Sale access, a full-featured LOS, an advanced Secondary Marketing system, and a web-based Servicing and REO system.

    MortgageFlex embeds InRule in its LoanQuest .NET to allow MortgageFlex and its customers to change business logic.

    According to MortgageFlex CEO Lester Dominick, “InRule contains all the necessary elements to provide decision makers with flexible applications that can be altered to reflect changing business requirements. Our customers have complete control over the rules and logic of their products, making counter-cyclical benefits available during lean origination periods to both small and large companies.” Read More  

    Go to top 

    Due Diligence

    MDMC, a national mortgage loan analysis firm that provides due diligence and agency delivery services to companies throughout the country (acquired by OPUS Capital), used InRule to put the process of automating complex decision logic in the hands of MDMC business managers. Read More

    Download Free Trial

    Try it yourself

    Download the software. It's simple to install and you can try the example applications including a simple rate calculation program.