Wholesale banks face many challenges today, from increasing competition to changing industry practices to internal operational complexity. They need to improve efficiency and rationalize operating silos, differentiate their products and services, manage risk effectively, and ensure regulatory compliance. Pegasystems’ rules-driven Business Process Management (BPM) solutions help banks Build for Change® by providing flexible capabilities that can adapt and evolve.

Pegasystems’ Wholesale Banking Industry Framework™ accelerates your bank’s deployment of agile SmartBPM® solutions. Built on Pegasystems’ industry-leading SmartBPM Suite, which offers best-in-class rule- and process-management capabilities, this framework provides foundational elements for developing applications such as risk and exception management, new-account opening, customer case management, compliance management, and salesforce management.  The framework can be rapidly deployed and easily extended throughout a financial institution.

Benefits

• Faster time to market — Reduce the time and cost to build SmartBPM applications by obtaining the common infrastructure needed for diverse retail-banking solutions. 
• Use of industry best practices — Build the most effective, optimally designed applications based on Pegasystems' decades of banking experience. 
• Buy and Build — Obtain the best of both worlds by using the pre-built foundational elements of the Industry Framework to build your own tailored applications. 

Key Features

• New-hire management
  • Manages the new-hire process across departments and tasks, ensuring the timely completion of HR, Operations and IT tasks
  • Creates individual assignments for multiple tasks including payroll and benefits set-up, telephone provisioning, computer-equipment procurement, and systems-access authorization
  • Manages assignments against service levels and deadlines, issuing notifications and escalations
• Work templates — Consisting of case definitions and process flows for top-level types of work such as New Business Request, Customer Service Request, Exception, Risk Item, Compliance Event, Core Processing Request, and others
• SWIFT messaging capabilities — Pre-packaged services for parsing and creating structured and free-form SWIFT MT messages, both electronically and via email and letter
• Data structures and processes — Pre-configured data structures, properties, and methods that can be used quickly and extended easily, covering a variety of payment types, work parties, infrastructure elements (e.g., account, product), and accounting structures
• Solution-design models — Robust design models highlighting the use of reusable, service-oriented processing and decisioning objects — including organizational units, work parties, user portals and screens, and integration points — for rapid, enterprise-wide, multi-application deployments