Commercial Lending Software
Financial institutions look to commercial lending software to help them manage the complex risk calculations and regulatory compliance requirements associated with commercial and wholesale lending. At the same time, lenders want their commercial lending software to support the goal of delivering timely, responsive service to clients. Many leading lenders have found that Pega provides the best platform for efficient, compliant, customer-centric commercial lending.
Pegasystems and Finextra conducted a bank and corporate client experience survey, exploring customer sentiments around sales, onboarding, KYC and servicing.
Read this Pegasystems survey of more than 1,000 participants – a combination of consumers and business decision makers from retail banking organizations.
The Pega Solution for Commercial Lending Software
Eight of the top 10 global banks use Pega business process management (BPM) technology to intelligently automate their customer-facing and back-office banking operations. Running on the market-leading Pega BPM platform, Pega commercial lending software features built-in commercial banking best practices, rules, and processes. Pega provides lenders a unified solution for automating and optimizing the end-to-end loan lifecycle from loan origination through to loan servicing, collections systems, and default management.
Throughout the loan lifecycle, Pega commercial lending software delivers rapid and measurable benefits including:
- Greater operational efficiency and reduced costs.
- Full visibility into even the most complex corporate loans, across all business units and back-end systems.
- Superior customer experience, resulting both from faster loan processing times and from Pega’s predictive analytics capabilities. With its native support for predictive analytics in banking, the Pega platform anticipates borrowers’ needs and presents them with just the right resolution or offer, whether during an agent-assisted interaction or through a self-service portal.
- Automatic compliance with regulatory requirements, together with a complete, automatically generated audit trail.
Business users can easily customize and modify Pega commercial lending software without doing any coding. Pega’s unique Build for Change® technology automatically transforms process models and business rules into executable applications, giving lenders the agility they need to respond quickly to new market opportunities or regulatory requirements.
Commercial Lending Software Deployment Options
Financial institutions can deploy Pega solutions for commercial lending and other bank operations on premise or in the Pega Cloud. Pega also supports a hybrid deployment model in which applications can be seamlessly migrated between the Pega Cloud and an enterprise data center.
Along with commercial lending and collections software, Pega offers a wide range of purpose-built financial services solutions, ranging from retail banking and card servicing applications to comprehensive solutions for investment banking CRM.