Overview

Banks serve important social roles. There are many kinds of banks with many specific charges, but the main purpose of banks is to harbor value. They bridge gaps between the past and the future. This is true of money itself, which is the principal instrument of most banks. Banks provide a means test as to process. To obtain a mortgage on a real estate property, many other steps must be taken, for example. Before money in such cases is transferred, documentation of other actions must have occured, included in underlying documentation. Complex civil conditions call for more banking options and more associated solutions. Knowledge-driven policy calls for process verification. Sophisticated, process-driven banking systems can provide such verification, in real time in many cases, making sure that transactions of many kinds can reliably occur. This is important in every aspect of public affairs--health, infrastructure standards, food security and choice, etc. BAnks can use process capabilities to ensure value and quality. This can involve both semantic and numeric verifications. It can support both accounting and legal questions. Smart banking of the future is all about process.