Pega receives highest scores possible in three out of four categories
Pegasystems Inc. , the low-code platform provider that builds agility into the world’s leading organizations, announced that leading risk technology analyst firm Chartis has named Pega as a category leader in its KYC Solutions, 2022: Market Update and Vendor Landscape report.
In the report, which includes its RiskTech Quadrant® for KYC solutions, Chartis evaluated the 32 most significant Know Your Customer (KYC) providers across four criteria. Pega received the highest possible score in three of these categories: providing best-in-class capabilities across KYC customer onboarding, KYC risk scoring, and reporting and dashboarding.
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The Chartis report evaluated all relevant solutions built on Pega Platform™, including Pega KYC. Chartis describes category leaders as combining “depth and breadth of functionality, technology, and content, with the required characteristics to capture significant share in their market.” It adds that leaders also “typically benefit from strong brand awareness, global reach, and strong alliance strategies with leading consulting firms and systems integrators”.
The world’s largest financial institutions rely on Pega’s industry-leading low-code platform for AI-powered decisioning and workflow automation to accelerate their acquisition and onboarding of new clients, including managing highly regulated KYC and Client Lifecycle Management (CLM) processes. Pega streamlines compliance and onboarding processes, automates customer journeys and reduces the costs of addressing KYC requirements. It is also the only vendor that provides globally scalable CLM and KYC applications with inherent workflow automation, an automated KYC rules engine, and advanced case management.
Clients choose Pega due to its ability to manage variations in KYC regulations and policies across different customer segments, products, and jurisdictions while leveraging advanced rules management capabilities that can be configured by the business to adapt instantly to constantly changing regulation. Pega’s solutions also provide the seamless ability to incorporate data from various internal and external/third party systems and to streamline the customer and employee experiences while driving significant efficiencies such as reductions in onboarding times.
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