Pegasystems will be delivering its PegaRules Process Commander BPM platform to Rabobank Nederland, the largest financial service provider in the Dutch market and the largest Internet bank in Europe. The agreement was signed in the fourth quarter of 2004. Initially, Rabobank will be using the system to implement projects across trade services, including the online management of letters of credit and direct collections. In addition the system will be used in payment processing for aggregation, validation and intelligent routing into the group’s general ledgers. Ben Christiaanse, executive vice president, Payments and Savings Division at Rabobank Nederland, said: “We chose to work with Pegasystems as its BPM technology fitted ideally with our operational requirements. Having a BPM architecture across our business will enable us to deliver enhanced service to our customers as we will be able to more effectively manage our business processes.”
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