BNP Paribas Enhances Process Integration For Large Corporate Loans With Rules-Based BPM Platform
Sibos, Vienna, 15 September 2008: Leading international bank and France’s largest company, BNP Paribas corporate and investment banking has selected the PegaRULES™ Process Commander® platform from Pegasystems Inc., as it looks to improve loan origination and approval workflows within the bank’s large loans processing operation.
BNP Paribas will replace a number of existing disparate systems managing various business credit lines with the integrated Pegasystems solution, as it seeks to improve transparency across the bank’s corporate loans business. “This will deliver several important benefits at BNP Paribas,” says Pegasystems’ country manager, Laurent Chailley.
“First, greater visibility will significantly enhance operation efficiencies, by providing a single global view of any risk exposure posed by complex corporate loans across multiple business lines. And second, Pegasystems’ inherent flexibility will enable BNP Paribas both to offer clients a broader and more competitive range of services and meet changing regulatory requirements.”
Following contractual agreement, concept development is now underway and the Pegasystems solution will be fully operational by early 2009.
For BNP Paribas, the decision to select PegaRULES Process Commander was in large part based on a combination of speed and agility. On the one hand, it was essential to achieve a short implementation time and have in place a full log of existing corporate loan agreements to ensure compliance with forthcoming regulatory requirements.
At the same time, by bringing together rules and processes, the Pegasystems solution will allow the delegation of process change to business managers in each country, providing essential flexibility and enabling the business to be highly responsive to market changes at a local level.
Chailley believes that the Pegasystems solution is ideally suited to large organisations looking to go undertake thorough-going process change. “Our integrated rules-based approach has the capacity to handle extreme complexity, is both highly dynamic and scalable and delivers a proven rapid return on investment. In short, BNP Paribas and other enterprise businesses adopting Pegasystems will have the agility to ‘build for change’.”
Pegasystems (NASDAQ: PEGA) develops strategic applications for marketing, sales, service, and operations. Pega’s applications streamline critical business operations, connect enterprises to their customers seamlessly in real-time across channels, and adapt to meet rapidly changing requirements. Pega’s Global 3000 customers include many of the world’s most sophisticated and successful enterprises. Pega’s applications, available in the cloud or on-premises, are built on its unified Pega 7 platform, which uses visual tools to easily extend and change applications to meet clients’ strategic business needs. Pega’s clients report that Pega gives them the fastest time to value, extremely rapid deployment, efficient re-use, and global scale. For more information, please visit us at www.pega.com.
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