{"id":847298,"date":"2025-05-06T09:51:37","date_gmt":"2025-05-06T13:51:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pega-named-category-leader-in-clm-solutions-by-chartis-research\/"},"modified":"2025-05-06T09:51:37","modified_gmt":"2025-05-06T13:51:37","slug":"pega-named-category-leader-in-clm-solutions-by-chartis-research","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pega-named-category-leader-in-clm-solutions-by-chartis-research\/","title":{"rendered":"Pega Named Category Leader in CLM Solutions by Chartis Research"},"content":{"rendered":"

<\/p>\n

Pega Named Category Leader in CLM Solutions by Chartis Research<\/b><\/p>\n

\nPega received highest possible scores for workflow automation and policy management\n<\/p>\n

WALTHAM, Mass.–(BUSINESS WIRE<\/a>)–Pegasystems Inc.<\/a> (NASDAQ: PEGA), The Enterprise Transformation Company\u2122, today announced that leading risk technology analyst firm Chartis Research<\/a> has named Pega as a category leader in its CLM Solutions, 2025, Quadrant Update<\/a> report for corporate and investment banking (CIB).\n<\/p>\n

\nThe Chartis report evaluated the 15 most significant client lifecycle management (CLM) solutions in CIB across five criteria. Pega received the highest possible score in both the workflow automation and policy management categories. Chartis describes category leaders as exhibiting \u201cstrength across the broadest set of capabilities in the segment, showing a clear execution of core strategy and innovation.\u201d\n<\/p>\n

\nIn the report, Chartis singled out Pega\u2019s innovation in AI, stating: \u201cWith large language processing and\/or machine learning (ML), these [CLM] solutions can scan and process large volumes of contracts to highlight compliance risks, discrepancies or areas that need attention, enabling more proactive risk management. Pega is one firm that has developed a GenAI strategy across multiple areas of CLM, including summaries, report generation and automation.\u201d\n<\/p>\n

\nChartis evaluated Pega Client Lifecycle Management<\/a>\u2122, a highly scalable solution built on Pega Platform<\/a>\u2122, the industry leading AI decisioning and workflow automation platform for the enterprise. Pega CLM and Pega Platform are used by many of the leading global financial institutions navigating today\u2019s complex regulatory landscape. Pega CLM transforms client relationships by streamlining onboarding, Know Your Customer (KYC) due diligence, maintenance, and offboarding processes across multiple jurisdictions and lines of business. Pega is used by many large financial services organizations operating across multiple jurisdictions to ensure compliance with global and local regulations through Pega\u2019s dynamic rules engine. This helps clients reduce the cost of compliance, increase operational efficiencies, and improve customer experiences, making it the preferred choice for leading global banks.\n<\/p>\n

\nTo learn more about Pega Client Lifecycle Management, visit www.pega.com\/onboarding<\/a><\/p>\n

\nIn addition, clients can get hands-on experience with Pega Client Lifecycle Management and Pega Platform at PegaWorld\u00ae, Pega\u2019s annual user conference being held June 1-3 at the MGM Grand in Las Vegas. Experience the solution while hearing inspiring stories from leading institutions who have transformed their onboarding. To find out more, visit www.pegaworld.com<\/a><\/p>\n

Quotes & Commentary
\n
<\/b>\u201cPega\u2019s category leader position in Chartis\u2019 CLM for CIB quadrant reflects strong growth and a comprehensive gen AI strategy that is relatively rare in the space and was a notable differentiator \u2013 while most firms\u2019 approach to gen AI focuses on one element (mostly document analysis or summarization), Pega\u2019s focus is much broader,\u201d said Phil Mackenzie, Research Principal, Chartis. \u201cPega Blueprint simplifies workflow design by converting documents and suggesting process structures, summarizing new rules and updating workflows, while Pega Knowledge Buddy extracts insights from third-party and internal data, and coach and decisioning tools use automation and training. Moreover, Pega\u2019s high growth in the past year has been driven by a greater focus on the complexities of the CIB market. By effectively folding these into its platform, it has achieved robust automation and process coordination across the lifecycle.\u201d\n<\/p>\n

\n\u201cFinancial institutions today face unprecedented regulatory complexity and operational challenges that significantly impact operational costs and compliance risks,\u201d said Jason Grasso, financial industry solutions leader, Pega. \u201cThis recognition from Chartis further validates Pega\u2019s reputation for providing the most complete client lifecycle management solution to help our clients address their most complex onboarding and due diligence needs.\u201d\n<\/p>\n

Supporting Resources<\/b><\/p>\n