BNP Paribas Securities Services has chosen Dassult Systèmes’s 3DExperience platform to enhance product management and accelerate product development.
The 3DExperience platform and its Innovation Factory will allow the BNP Paribas teams access to a product lifestyle management solution.
The solution centres on product development from concept to launch that will enable banks to share information on product lifecycle management and reduce marketing time for new products.
Monica Menghini, executive vice president of corporate strategy, industry and marketing at Dassault Systèmes, said: “Financial institutions are searching for end-to-end productivity improvements to better compete in an increasingly complex, global, and regulated business environment.”
“The 3DExperience platform delivers that in a disruptive way for the finance industry.”
Sébastien Messean, head of product lifestyle management at BNP Paribas, is “proud” to be the first financial services provider to use the 3DExperience platform. He said: “We see huge benefits in adopting this new approach to product development, which has proved so successful in other industries.”
“It will help our multi-local teams share knowledge efficiently and streamline our processes. We estimate the platform will reduce our time to market by 20 percent, which is significant in our fast changing industry.
Vice president for the financial and business services industry at Dassault Systèmes, Kevin Pleiter, said the platform uses “over 30 years of industry know-how in data management, collaboration and social intelligence applications”.
“It combines the power of our 3DExperience business platform with finance industry best practices, enabling financial institutions to replace many ad hoc, manual methods with automated processes.”
The 3DExperience platform will be applied to all business lines of BNP Paribas Securities Services, including asset and fund Services, clearing and custody services, corporate trust services, and market and financing services.
