Pegasystems’ integration with RPA- Improving capabilities for managing onboarding and KYC

This is an example of how the integration of Pega and RPA have rapidly improved processes.

“Global bank executives have been re-evaluating their CLM, onboarding, and KYC processes, as they are universally recognized as some of the most time consuming and costly steps banks have to manage.”

“Pega CLM and Pega KYC streamline and coordinate these end-to-end process, from client adoption, new product and jurisdictions onboarding, and KYC, to legal, fulfilment, and offboarding- in one solution. With Pega Robotic Automation, Pega CLM and Pega KYC are able to deliver more efficiently by offloading many of the high-volume, low-complexity onboarding and KYC task that impact banks.”

“For the first time, banks can complete these tasks faster and more accurately to ensure rapid delivery and reduce time to transact with unified robotic automation capabilities.

Additional benefits:

  • Reduce time to market and eliminate manual data entry errors in large-scale KYC remediation projects.
  • Streamline user tasks from front to back office by eliminating manual data entry and data gathering.
  • Cuts costs by an addition 20 to 50 percent by combining robotic automation with Pega CLM’s optimized target operating model, which allows global banks to provide the most efficient and transparent multi-jurisdictional, multi-product onboarding to complex entities.”

This evidently lives true to the key aspects of robotic automation in that it is intelligent, fast and independent as it can go beyond automation, rapidly, whilst also optimising workforces and processes.

“Pega Robotic Automation enables businesses to intelligently optimize how work gets done – by both humans and robots – across the enterprise from a centralized and globally scalable end-to-end solution. Pega Robotic Automation is now natively unified within Pega CLM and Pega KYC to seamlessly infuse robotic automation within any bank’s global onboarding and KYC transformation. 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.”

“Pega CLM and Pega KYC are the only globally scalable applications for large complex financial institutions to manage end-to-end CLM and KYC from institutional onboarding through to retail banking with pre-defined industry best practices and target operating model. These industry-leading 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 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. Pega’s global team of experts have deployed onboarding and KYC solutions for more than 10 years at more than 25 of the world’s largest financial institutions.”

Source: Pegasystems| news/press-releases


By Batool Hossain - LinkedIn: https://www.linkedin.com/in/batool-hossain-76a27683/