Luxoft to Demonstrate Financial Services & Automotive Solutions at PegaWorld 2017
June 02 2017 - 08:24PM
Business Wire
PegaWorld 2017 Conference takes place in Las
Vegas, NV on June 4 – 7 at the MGM Grand Hotel.
Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software
development services and innovative IT solutions to a global client
base, will be demonstrating its end-to-end Pega integration
capabilities at PegaWorld 2017, Pegasystems’ annual global
conference that brings together business and technical visionaries
from the world’s leading companies. The demonstrations will focus
on two industries: financial services and automotive.
Luxoft plans to showcase its custom demonstration of Pega®
Robotic Process Automation (RPA) with Pega® KYC. Pega KYC
integrates data sources from ComplyAdvantage (a provider of data)
for financial institutions to rapidly onboard new customers while
addressing global regulatory requirements such as Anti-Money
Laundering (AML), Office of Foreign Asset Control (OFAC) sanctions,
Adverse Media, and Politically Exposed Person (PEP) checks.
Combined with the power of RPA, financial institutions can further
automate many of the high-volume, low-complexity repetitive manual
tasks in onboarding and KYC remediation processes that require
considerable time and money.
“We will be demonstrating how a compliance analyst rapidly
onboards a new customer as the system quickly combs the relevant
surveillance domains such as ComplyAdvantage to find risks and meet
regulatory requirements,” said Naresh Kirpalani, Luxoft’s Global
Practice Director for Business Process Management (BPM). “Rather
than having to open five or more applications and cut-and-paste
data from screen to screen, the Know Your Customer (KYC) tasks are
completed in short time by leveraging Pega Robotic Process
Automation (RPA). Pega’s RPA solution allows banks and financial
institutions to onboard new customers rapidly while ensuring
consistency. Additionally, given that Pega RPA transactions are
system generated, they are recorded and traceable for analysis and
review.”
“Financial institutions face increased regulatory scrutiny in
their global AML programs and expanding regulations across
jurisdictions, while at the same time find themselves under
pressure to stay competitive, cut costs, and increase efficiency
and transparency,” said Reetu Khosla, Head of Client Lifecycle
Management & KYC, Pegasystems. “Pega KYC is the only
application in the market unified with robotics automation
capabilities, which allows banks to rapidly meet remediation and
regulatory requirements while driving faster onboarding and
mitigating risk.”
In addition to financial services, Luxoft is also demonstrating
their automotive platform, AllView II. This will be used to
showcase how various premium software-defined features can be
enabled on-demand using Pega® Platform to verify driver’s
entitlement to requested features and orchestrate provisioning upon
approval. It is expected that in the future AllView II also would
support proactive service and monetization options leveraging Pega
Platform.
Luxoft focuses on connected car uses-cases, as the automotive
industry transitions from legacy, product-focused business models
to increasingly services-oriented offerings, leveraging their deep
connection with car owners to provide advanced mobility services.
Pega Platform serves as future proof, back-end platform that
enables billing, driver management, service management, and
pay-as-you go insurance options for the connected car.
“We are very excited to showcase a
demonstration which brings together Luxoft’s vision of connected
cars and the power of Pega Platform,” said Yuri Elkin, Managing
Director and Head of Luxoft Digital. “We believe that in the future
many more vehicles will be connected and will be a part of an ‘on
demand’ economy. We envision our framework as an innovative means
for our automotive customers to gain a competitive head start in
the retail car industry or large fleet sector.”
The demonstrations are available to view at Luxoft’s booth #24.
Click here for more information on PegaWorld 2017.
About Luxoft
Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of
software development services and innovative IT solutions to a
global client base consisting primarily of large multinational
corporations. Luxoft's software development services
consist of core and mission critical custom software development
and support, product engineering and testing, and technology
consulting. Luxoft's solutions are based on its
proprietary products and platforms that directly impact its
clients' business outcomes and efficiently deliver continuous
innovation. The Company develops its solutions and delivers its
services from 34 cities with dedicated delivery centers worldwide.
It has over 12,700 employees across 39 cities in 19 countries
in North America, Mexico, Western and Eastern
Europe, Asia Pacific, and South
Africa. Luxoft is incorporated in Tortola, British
Virgin Islands, has its operating headquarters office in
Zug, Switzerland and is listed on the New York Stock
Exchange. For more information, please
visit http://www.luxoft.com.
Forward-Looking Statements
This news release of Luxoft Holding, Inc (“Luxoft”) contains
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements include information
about possible or assumed future results of our business and
financial condition, as well as the results of operations,
liquidity, plans and objectives. In some cases, you can identify
forward-looking statements by terminology such as “believe,” “may,”
“estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“expect,” “predict,” “potential,” or the negative of these terms or
other similar expressions. These statements are subject to, without
limitation, the risk factors discussed under the heading “Risk
Factors” in Luxoft’s Annual Report on Form 20-F for the year ended
March 31, 2016 and other documents filed with or furnished to the
Securities and Exchange Commission by Luxoft. Except as required by
law, Luxoft undertakes no obligation to publicly update any
forward-looking statements for any reason after the date of this
news release whether as a result of new information, future events
or otherwise.
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Luxoft Holding, IncPatrick R. Corcoran, +1 212-964-9900 ext.
2453Global Director, External RelationsPress@Luxoft.com
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