The introduction of the Basel II Accord has had a huge impact on financial institutions, allowing them to build credit risk models for three key risk parameters: PD (probability of default), LGD (loss given default) and EAD (exposure at default). Until recently, credit risk research has focused...

Process mining research has mainly focused on the development of process mining techniques, with process discovery algorithms in the center of attention. However, far less research attention has been paid to the actual applicability of these process mining techniques in common business settings....

As process-aware information systems are becoming omnipresent in contemporary organizations, the requirements for risk management and compliance checking have evolved and demand a more process-centered approach. The business events recorded by these information systems are systematically and...

Process mining is the automated acquisition of process models from the event logs of information systems. Although process mining has many useful applications, not all inherent difficulties have been sufficiently solved. A first difficulty is that process mining is often limited to a setting of...