PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Antenna Software | Pegasystems, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

DLA Piper and Pegasystems Collaborate to Automate the Management of Regulatory Rule Maintenance for Financial Institutions - New Pega capabilities help reduce the time and cost needed to keep pace with constantly changing KYC and due diligence financial regulations - Pega.com
DLA Piper and Pegasystems Collaborate to Automate the Management of Regulatory Rule Maintenance for Financial Institutions

 

NewswireToday - /newswire/ - Cambridge, MA, United States, 2015/08/04 - New Pega capabilities help reduce the time and cost needed to keep pace with constantly changing KYC and due diligence financial regulations - Pega.com. NASDAQ: PEGA

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Pegasystems, Inc., the software company empowering the world’s leading enterprises with strategic business applications, and DLA Piper, a leading global law firm and regulatory advisor, have collaborated to assist Pega in offering new software capabilities enabling financial institutions to reduce the time and costs associated with managing rapidly evolving laws and regulations. Banks can now readily integrate ongoing updates to their customer due diligence regulatory rules through Pega’s industry-leading Know Your Customer (KYC) application, helping ensure they are up to date with major regulatory rule changes affecting client onboarding.

According to a recent Forrester Research report, complying with KYC regulations ranks as the biggest pain point for global corporate banking executives.(1) The rapid pace of regulatory change makes it even more difficult to onboard clients, which can affect client lifetime value, client satisfaction, and even the ability to win new business. This unique collaboration between Pegasystems and DLA Piper gives retail to corporate and investment banks a faster, more efficient, and cost-effective way to manage and integrate these increasingly complex regulatory rule changes.

DLA Piper’s experienced global team of regulatory, legal, audit, and enforcement practitioners work on behalf of clients with all major regulators in all major financial centers to monitor regulatory changes and provide legal interpretation for any relevant updates. These include key regulations in the US, UK, EMEA, and Asia Pacific, such as complex rules related to Dodd Frank, EMIR, and MiFID, as well as Anti-Money Laundering (AML), the US Foreign Account Tax Compliance Act (FATCA), and Common Reporting Standard (CRS) rules.

Financial institutions can rapidly update and integrate these regulatory changes directly into Pega’s flexible, rules-driven KYC software through an easy-to-use import wizard that eliminates the need for manual hard coded methods. Pega clients can complement these DLA recommendations to accommodate special circumstances or their own interpretations of the rules by geography, booking entity, line of business, and product.

“In this era of unprecedented regulatory scrutiny, global financial institutions still struggle to keep pace with regulatory changes while minimizing the impact on onboarding times and customer experience,” said Reetu Khosla, Senior Director of Risk, Compliance and Onboarding for Financial Services, Pegasystems. “By teaming with DLA Piper, Pega uniquely taps into a wealth of regulatory enforcement expertise to give clients peace of mind that they can rapidly update their systems and efficiently mitigate risk.”

“Financial institutions around the world are facing unprecedented regulatory requirements. Fortunately, a wide range of innovative technologies are helping them comply in a more efficient and effective manner than ever before,” said Bart Chilton, former commissioner of the US Commodity Futures Trading Commission and a Senior Policy Advisor at DLA Piper.

“Monitoring rule changes and updating compliance programs in this ever-changing regulatory environment is expensive, time-consuming and risky particularly in countries where institutions have less robust business and support staff,” said Gerald Francese, Partner, DLA Piper. “Combining our global regulatory team with Pegasystems’ market-leading KYC software gives financial organizations a cost-effective and collaborative set of end-to-end services and software to support them at every stage of the regulatory change process and mitigate any unique localized regulatory risks."

This new capability is available today through Pega KYC, which is integrated with its Client Lifecycle Management to deliver a unified platform that helps enforce regulatory requirements and organizational best practices end-to-end. Built on Pega’s award-winning Build for Change® technology, Pega KYC provides dynamic rule-based processes to manage regulatory changes based on a financial institution’s unique risks.

About Pegasystems
Pegasystems (pega.com) develops strategic applications for sales, marketing, 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 2000 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.

All trademarks are the property of their respective owners.

The information contained in this press release is not a commitment, promise, or legal obligation to deliver any material, code or functionality. The development, release and timing of any features or functionality described remains at the sole discretion of Pegasystems, Pegasystems specifically disclaims any liability with respect to this information.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Antenna Software | Pegasystems, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


DLA Piper and Pegasystems Collaborate to Automate the Management of Regulatory Rule Maintenance for Financial Institutions

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Pega KYC |
Publisher Contact: Lisa Pintchman Rogers - Pega.com 
617-866-6022 Lisa.Pintchman[.]pega.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Antenna Software | Pegasystems, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Antenna Software | Pegasystems, Inc. / Company Profile


Read Software Most Recent Related Newswires:

Yellowfin Launches Analytics Industry’s First Virtualized Integrated Data Preparation Module
Comways and Altitude Highlight Flexible Solutions at Belgium Contact Center Congress
IBM Launches New Bluemix Services with GitHub and Slack Integration to Speed App Development in the Cloud
TIBCO Releases TIBCO Mashery Local API Management Solution for Hybrid Gateway Deployments
Gruppo Campari Chooses OpenText Business Network for B2B Growth
Infor Delivers Enhanced Mobile Equipment Solution
Mentor Graphics and SiliconIndia Announce 2016 Leadership Awards for the Embedded/VLSI Industry
Korean Retailer Homeplus Optimizes Store Planning with JDA Category Management
IBM and Pfizer to Accelerate Immuno-oncology Research with Watson for Drug Discovery
The VELUX Group to Drive Smart Product Innovation with Implementation of PTC Windchill Across the Enterprise
KPIT Takes A Strategic Stake in A Germany Headquartered Automotive Engineering Services Company
Pegasystems Named Silver Winner for Best New Product of the Year in Best in Biz Awards 2016
Kentico Releases its Most Enterprise-Ready Solution Yet
OneLogin Delivers First-Ever Multi-Environment AWS User Resource Provisioning
Mahindra and IBM to Develop Blockchain Solution for Supply Chain Finance

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)