Pegasystems, Inc., announced a new partnership with Moody’s Corporation to improve crucial processes for banks, specifically enhancing Client Lifecycle Management (CLM) and Know Your Customer (KYC). Pega Client Lifecycle Management: clients now have access to Moody’s entity data. Therefore, this data is available directly within the Pega solution. This boosts both operational accuracy and compliance. This integration uses Moody’s industry-leading entity verification. It gives clients single-source access to vast data. This network covers over 200 countries worldwide. Moreover, the database details over 600 million global companies.
Accelerating Onboarding and Reducing Risk
The collaboration offers accelerated client onboarding. Pega estimates clients can reduce onboarding time by up to 30%. Besides that, data entry errors can be reduced by 40% with the help of Pega since AI-powered CLM and KYC workflows are used by Pega. On top of that, this is connected to Moody’s real-time entity data. As a result, this merger upgrades the customer experience. Consequently, it creates more efficient risk management. Pega CLM and KYC transform client relationships. It streamlines due diligence and offboarding processes. Pega operates across multiple jurisdictions globally.
The system’s strong rules engine helps ensure regulatory compliance. Banks realize many benefits from this solution. They see reduced compliance costs, for instance. Operational efficiency is greatly increased. Ana Meauta of Moody’s shared her excitement. She noted that banks can embed Moody’s insights. These insights integrate into Pega’s dynamic CLM framework. This creates a very robust solution. This solution underpins due diligence processes. Marc Andrews of Pega praised the integration. He said it provides clients with enriched data insights. This powerful approach helps clients transform their operations. It delivers better customer outcomes for their Client Lifecycle Management.
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News Source: Businesswire.com
