The Australia and New Zealand Banking Group Ltd (ANZ) is implementing a business rules management system as part of a strategic transformation project.
The ILOG product will be a key component of ANZ's end-to-end origination system, automating residential mortgage applications.
Based on market capitalization, ANZ is one of the five largest companies in Australia with 781 branches nationally and more than six million customers.
The Mortgage Automation Program involves the deployment of a software platform to manage the entire business rules lifecyle from rules creation to management to maintenance.
Because Business Rule Management Systems (BRMS) allow fast-changing business policies to be maintained separately from the rest of a software application, it is ideal for faster business cycles and aging software architectures.
These benefits have made these systems a key component of IT modernization initiatives at Global 2000 companies and many government organizations worldwide.
According to Forrester Research ILOG is a rules platform leader and customers include eBay, Visa and Vodafone.