Pegasystems Inc. (Nasdaq: PEGA), the leading provider of smart business process management (BPM) software, today announced that HSBC has selected
Pegasystems as its global standard for rules-driven workflow automation.
"We have selected Pegasystems as the standard tool for our BPM needs based
on their proven automation capability, the strength they bring in using the
combination of both rules and process engines as well as the scalability of
the product," said Ken Harvey, HSBCâs Group CIO. "The selection followed
benchmarking and proof of concept pilots. The ability of their J2EE
architecture to support HSBCâs next-generation architecture (R2) was also a
critical factor in the selection."
Initial projects include the Securities, Asia Pacific Retail Lending and the
Global Payments & Cash Management businesses. HSBC will be building a
Centre of Excellence for BPM in both Chicago and India.
Pegasystems CEO and chairman Alan Trefler said "We are delighted to sign an
enterprise agreement with one of the world's top five banking and financial
services organisations. Enterprise transformation requires a scaleable tool
that can deliver agility and support process automation to reduce costs,
create revenue and underpin compliance."
"I am thrilled that our existing relationship with HSBC has culminated in
this agreement," added David Wells, vice president and managing director,
Pegasystems EMEA. "Pegasystems has consistently proven its ability to engage
with the largest enterprises and deliver unique value to support business
change. I look forward to the challenge of supporting projects in the
multiple lines of business of HSBC globally."