Posted on -
Friday, May 28, 2010
By VARIndia Correspondent
Pegasystems has launched its Know Your Customer (KYC) solution, built on its award-winning SmartBPM Suite, to enable banking and insurance organizations to better manage their client on-boarding processes and ensure compliance to complex global regulatory requirements.
By automating ‘Know Your Customer” (KYC) regulatory requirements that are specific to different global jurisdictions, customers and products, the new Pegasystems solution will enable organizations to achieve 100 percent regulatory -compliance, while also improving customer service levels by accelerating the on-boarding process by up to 70 percent. The KYC solution provides a common platform, allowing for specialisation by country, line of business and product-specific KYC and enhanced due diligence compliance requirements. The solution reduces manual processing, repetition of document requests, while managing risk dynamically, resulting in a significant reduction in op-erational risk while improving customer experience.
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