Basel 2 Workflow
 
Overview

Published in 2004, the Basel 2 regulation is targeted to European financial institutions. The purpose is to implement risk management for both business and operational activities.  
The compliance with this regulation generates the implementation of many processes.

The WorkflowGen BPM / Workflow software allows a fast and simple implementation of these processes while complying with the requirements of the regulation.


Incident management

A first step is to implement procedures for the incidents with long-term archiving.
As a standard feature WorkflowGen offers process automation with the archiving of the decisions and actions. 
The processes automated with the WorkflowGen BPM / Workflow software can be seamlessly integrated with the existing data bases and applications of the financial institution.


Risk management
Basel 2 also defines procedures for identifying and managing risks.

In addition to automating procedures WorkflowGen allows the processing of workflow data with business intelligence tools to generate reports and risk monitoring dashboards. 
 
In the Basel 2 context, WorkflowGen is a powerful solution for the entity responsible for managing operational risks. By optimizing and automating the procedures, WorkflowGen reduces the overload of work related to the analysis and monitoring of risks generated by the business units of the financial institution.