A Preliminary Approach to the Automatic Extraction of Business Rules from Unrestricted Text in the Banking Industry

This paper addresses the problem of extracting formal statements, in the form of business rules, from free text descriptions of financial products or services. This automatic process is integrated in the banking software factory, permitting business analysts the formal specification, direct implementation and fast deployment of new products. This system is fully integrated with the typical software methodologies and architectures used in the banking industry for conventional development of backoffice or online applications.