Real-Time Decision Engine (Banking)


Real time decision engines enable real-time intelligence to be instilled into any type of business process or customer interaction while it happens using analytics, rules engines and data. Real-time decision engines may be generalized business rules management systems (BRMS); an embedded module of a loan origination system, loan servicing system, or core banking system; or a customized "fit for purpose" solution with an embedded BRMS. Celent analyzes decision engines that enable a financial institution to create decisioning rules for loan/deposit account credit scoring, fraud scoring, underwriting decisioning, product definitions, product pricing, and loan applicant eligibility. These decisioning engines function in a structured, auditable way, and integrate with and provide access through account application, processing, underwriting, compliance, account servicing, and collections systems.
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