Story image

Pegasystems' robotic automation drives rapid return in Banks

21 Feb 17

Pegasystems recently announced that Pega Client Lifecycle Management (CLM) and Pega Know Your Customer (KYC) now enable banks to leverage the power of robotic automation.

This is used to speed client onboarding processes, reduce operational costs, and accelerate time to market.

Pega Robotic Automation enables businesses to optimise how work gets done – by both humans and robots – across the enterprise from a centralized and globally scalable end-to-end solution.

It is also natively unified within Pega CLM and Pega KYC to seamlessly infuse robotic automation within any bank’s global onboarding and KYC transformation.

According to Pegasystems, this enables organizations to run tasks unattended while mitigating risk and meeting regulatory mandates.

Ultimately, these benefits make employees more productive while freeing them to focus on delivering better customer experiences.

These applications can be deployed at the world’s largest institutions in as little as three months, while speeding time to revenue with new and existing clients.

Pega also provides deep in-house industry KYC and customer due diligence (CDD) regulatory and onboarding expertise coupled with best-in-class partnerships and regulatory rules engine.

“With a complex web of regulations to manage, financial institutions can benefit significantly from robotic automation," says Reetu Khosla, senior director of risk, compliance, and onboarding for Financial Services, Pegasystems. 

"This helps banks to not only meet aggressive remediation deadlines of millions of accounts but also streamline time to transact for what has traditionally been a manual and siloed process," explains Khosla.

“Pega now makes it possible for banks to drive rapid return through robotic automation embedded into our industry leading CLM and KYC applications for the first time.”

Disruption in the supply chain: Why IT resilience is a collective responsibility
"A truly resilient organisation will invest in building strong relationships while the sun shines so they can draw on goodwill when it rains."
The disaster recovery-as-a-service market is on the rise
As time progresses and advanced technologies are implemented, the demand for disaster recovery-as-a-service is also expected to increase.
Cohesity signs new reseller and cloud service provider in Australia
NEXION Networks has been appointed as an authorised reseller of Cohesity’s range of solutions for secondary data.
The key to financial institutions’ path to digital dominance
By 2020, about 1.7 megabytes a second of new information will be created for every human being on the planet.
Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
What disaster recovery will look like in 2019
“With nearly half of all businesses experiencing an unrecoverable data event in the last three years, current backup solutions are no longer fit for purpose."
NVIDIA sets records with their enterprise AI
The new MLPerf benchmark suite measures a wide range of deep learning workloads, aiming to serve as the industry’s first objective AI benchmark suite.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.