03 December 2016

Dassault Systèmes launches 'Product Innovation Factory'

11 December 2012  |  8800 views  |  0 Source: Dassault Systèmes

Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, a world leader in 3D design, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, has unveiled its first industry solution experience for financial services: "Product Innovation Factory".

Based on Dassault Systèmes' 3DEXPERIENCE platform, "Product Innovation Factory" allows product managers from investment, wealth management, insurance and banking organizations to capitalize on market opportunities, as well as to respond quickly to market and regulatory challenges in order to accelerate the lifecycle of financial products from ideas to sales.

"Product Innovation Factory" leverages the same technologies used by the world's leadingaerospace, consumer products, retail and life sciences companies to drive innovation, mitigate operational risk and maintain transparency regardless of product complexity.

"Product Innovation Factory" is a rapidly deployable, collaborative solution that leverages Dassault Systèmes' market leading analytics, data management, collaboration and social intelligence software applications to improve bottom line performance and deliver a rapid ROI. It is scalable from a small boutique firm all the way up to a global enterprise.

"Financial services firms must constantly innovate in order to profitably meet customers' needs while maintaining their bottom line performance," said Monica Menghini, Executive Vice President, Industry and Marketing, Dassault Systèmes. "With the rigor of an explicit, repeatable and fully traceable product creation process, "Product Innovation Factory" establishes the foundation needed to provide speed and agility to deliver new financial products and drive market profitability."

The "Product Innovation Factory" industry solution experience provides an easy to use, configurable solution for product managers who are currently managing a variety of spreadsheets, documents, slide decks and in-house manual controls, all of which expose stakeholders to a significant amount of operational risk. The solution replaces this ad hoc system with a centralized environment that allows financial services companies to develop, manage and organize complex product detailsls in real-time, from anywhere with full governance. It is estimated that 20-30% efficiency can be realized by spending less time collecting, organizing and validating data.

In addition to "Product Innovation Factory", Dassault Systèmes leverages over 30 years of industry transformation expertise across twelve industries to deliver financial services solutions supporting advanced analytics, regulatory insight and customer intelligence. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comVisit capgemini.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6318 views comments | 22 tweets | 21 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5532 views comments | 16 tweets | 15 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5511 views comments | 15 tweets | 13 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5470 views comments | 13 tweets | 12 linkedin
EBA told that tougher authentication will have a "chilling" effect on single marketEBA told that tougher authentication will...
5453 views comments | 18 tweets | 20 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job