Examining the Power of BPMN Modeling in Loan Automation | Expository Essay

The Power of BPMN Modeling in Loan Automation

By [Student’s Name]

Course Code and Name

Professor’s Name

University

City and State

Task 1: Using a BPMN modeling tool of your choice, model the control flow of the following fragment of a business process for assessing credit risk.

Since banks are required to strictly adhere to their country’s financial regulations, there are a lot of challenges to credit risk management. These include inept data management, a lack of group-wide risk modeling framework, constant rework with efficiency ratio, insufficient risk tools, and inaccurate reporting. Additionally, banks need to follow a rigorous protocol regarding how electronic and printed forms are set up and how resulting documents are presented to customers.

Processes that can be automated with a BPM platform:

• New Account Opening
• Credit Application
• Credit Analysis and Approval
• Registration and Disbursement
• Request for certificate of debt level
• Spreading and financial…