BPM Seminar Series Guest Talk on "Process Modeling and Analysis in Banks"
published on Tuesday, March 15th 2011

As a current guest researcher from the University of Muenster's competence center "BPM in Financial Industries" at the European Research Center for Information Systems (ERCIS), Burkhard Weiß gave an invited talk on "Process Modeling and Analysis in Banks" on behalf of the NSS project and a PhD scholarship grant by the DZ BANK Stiftung on March 10th, 2011 within the BPM Seminar Series from the Queensland University of Technology (QUT).

Within the presentation Burkhard Weiß gave an overview of his PhD research on business process modelling and analysis in the banking industry. While highlighting the current status quo and challenges of process modelling and analysis in the banking sector in Germany, Switzerland and Austria, he gave an introduction to semantic business process modelling and how this new approach was adapted to the banking sector, to make organizational process modelling easier and more efficient. In addition, he presented a new approach to process analysis with regard to automatically identifying process optimization potentials from semantic process models. The presentation concluded with an introduction on banking sector specific extensions of these new approaches for the purpose of also identifying, modelling and analysing operational risks in business processes, as well as modelling business process rules and analysing business process compliance.

The presentation was attended by many dedicated BPM researchers from QUT's BPM Group as well as from SAP Research Brisbane, who actively engaged in opportunities to discuss the presented innovative approaches to BPM in the financial services sector. As a result, researchers from both the Queensland University of Technology and the University of Muenster are planning on new joint collaborative research initiatives with a special focus on empirical research on organizational process modeling, as well as on joint research in the area of risk-aware business processes.