Item: Pega Platform
Rating: 2
Author: Verified User

Use Cases and Deployment Scope

In Risk Rating Implementation for one of my clients..... It is used as a replacement tool for an in house software, wherein it will be used firmwide across the bank to provide details / act as the precursor for all risk rating and regulatory capital computation activities by the bank and its downstream consumers.

Pros and Cons

Good UI Look and Feel
Easy to develop
Intuitive

Data transformation and service logic
Complex algorithm implementation
Persistence and database interaction
Debugging experience

Return on Investment

My client has just been using PEGA... Will get details of ROI on usage

Alternatives Considered

IBM BPM and BOSCH

PEGA ease of development as compared to IBM BPM ODM is a major plus.... Its UI is also definitely better than BOSCH. However, it fails to integrate complex service logic as easily as IBM BPM ODM. Also, BOSCH, in my opinion, has a more error free and robust environment to offer.

Other Software Used

IBM Business Process Manager, JBoss Enterprise Service Bus, SAP Adaptive Server Enterprise

Likelihood to Recommend

It is not a particularly well suited application for Regulatory and Risk Organizations, with special tailor made needs for different portfolio risk assessment. It becomes extremely complex to integrate, when idiosyncratic data needs are needed and firm specific computations become a base norm.

The software however works well for UI platforms and is a good user interface tool.

PEGA as a Risk Rating Platform : A consultant's viewpoint

Overall Satisfaction with Pega 7 Platform