September 5, 2005 â In order to help wholesale banks realise greater revenue, productivity and compliance, Pegasystems Inc. (Nasdaq: PEGA), the leader in smart business-process management software, today unveiled plans to develop new services oriented business applications (SOBAs) at the Sibos tradeshow in Denmark. These business solutions will bring together Pegasystemsâ SmartBPMâ¢ product with IBM Business Consulting Services, WebSphere middleware and IBMâs Information FrameWork business models for banking (IFW), to provide fast âstarter-templatesâ that banks can use out-of-the box to rapidly drive top-line growth and bottom-line savings in wholesale bank account opening.
The goal of these solution frameworks are to provide wholesale banks with
greater visibility into business processes, ensuring better control of
activity and the ability to streamline these processes for better use of
resources. Banks needing to increase close-rates, achieve a faster time to
revenue, develop closer interdepartmental collaboration and automate manual
tasks such as prequalification, data collection and closing and activation
processes will use the application to drive these processes while ensuring
compliance and reducing risk.
Pegasystems and IBMâs Business Consulting Services work closely together in
the market to define and deliver customised solutions to clients based on
Pegasystemsâ platform and IBMâs industry expertise.
"IBM and Pegasystems are combining strengths in process integration to offer
rapid time to value delivered by component based and service oriented
architectures", said John Mesberg, vice president Industry Solutions, FSS.
"In combination with IBM BCS subject matter expertise, IBM IFW assets for
Banking, and IBM SOA Foundation, Pegasystems delivers powerful and highly
flexible business solutions to our mutual wholesale banking customers."
Tom Congoran, vice president of business development, Pegasystems, added "This is an important milestone in our relationship with IBM and an ideal means of providing our wholesale banking customers with a solution to deliver business benefits very quickly. Recent tests with IBM have also shown that our combined solutions can handle over 31,500 simultaneous users processing over 3 million unique cases in a single workday, demonstrating productivity, agility and unparalleled performance."
Pegasystems will be demonstrating wholesale banking solutions at the IBM Village at the Sibos tradeshow in Copenhagen, Denmark September 5-9.