CAMBRIDGE, MA--(Marketwired - Jan 22, 2014) - Pegasystems Inc. (
Smart Dispute for Issuers, powered by Pegasystems' Build for Change® platform, helps banks "future-proof" their technology investments and break down operational silos by using Pegasystems' industry leading Business Process Management (BPM) and Dynamic Case Management (DCM) engine. The solution enables increased business agility to help automate timely resolution of disputes, claims and chargebacks. By improving straight-through-processing rates for basic disputes, organizations can focus resource efforts towards priority cases.
Pega's Smart Dispute for Issuers enables organizations to:
- Increase Operational Efficiency - Process automation and systems integration minimize manual work and routine tasks to enable up to 40 percent greater operational efficiencies.
- Improve Regulatory Compliance - Automated Service Level Agreements, correspondences, accounting and process management helps eliminate inadvertent errors introduced by human processing to comply with Consumer Financial Protection Bureau (CFPB) Regulations E and Z.
- Decrease Network Compliance Costs - Semi-annual compliance subscriptions help cut costs required to modify reason codes, forms, timeliness, and documentation requirements.
- Enhance Customer Experience - Work prioritized on customer criteria along with faster resolution increases customer satisfaction.
- Reduce Staff On-boarding and Training - Intent-led user interfaces guide staff through appropriate processing procedures.
Quotes & Commentary:
"Banks are already facing significant market changes and stiff competition to provide superior customer experiences. They must also simultaneously comply with new and fast-changing regulations, such as by the Consumer Financial Protection Bureau," said Scott Andrick, Industry Principal, Banking for Pegasystems. "If banks aren't able to quickly and properly resolve disputes, claims and chargebacks in this challenging climate, they not only risk losing their focus on customer service, but they can also experience losses or fines. Pega's software helps banks better engage with their customers, simplify the complexity of compliance, and rapidly adapt to change."
Supporting Resources:
For more information on Pega's Smart Dispute for Issuers solution, visit: http://www.pega.com/solutions/by-industry/financial-services/dispute-and-chargeback-resolution
For more information Pega's financial services solutions, visit: http://www.pega.com/solutions/by-industry/financial-services
To read more about customer successes in financial services, visit: http://www.pega.com/about-us/company/customers.
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About Pegasystems
Pegasystems Build for Change® technology is the heart of better business software. It gives businesses the power to engage, simplify and change. Pegasystems is the recognized leader in business process management and is also ranked as a leader in customer relationship management software by leading industry analysts. For more information, please visit us at www.pega.com.