OREANDA-NEWS. February 15, 2013. IBS Group, a leading software development and IT services provider in Central and Eastern Europe, announces that IBS IT Services, a member of IBS Group, has launched new solutions for banks and insurance companies based on the IBM BPM (Business Process Management) platform. IBS IT Service's practice is among the largest in Russia by number of IBM BPM certified engineers, reported the press-centre of IBS Group.

The banking and insurance sectors, which view continuous improvement of customer relations efficiency as an essential task, are among the major users of BPM products. For banks, IBS IT Services offers IBM BPM-based Product Factory and Loan Factory solutions. With Product Factory, banks can streamline the processes of creation, approval and marketing of new products, enhancing the ability to successfully respond to market challenges and getting an edge in the highly competitive banking market. The Loan Factory solution expedites and automates loan origination without increasing the risk exposure by cutting the number of borrower check stages.

IBS IT Services has formed a dedicated professional team to run IBM BPM implementation projects, providing in-depth training on the product and certification as Developers, Specialists, Programme Managers, Business Process Analysts, and System Administrators.

To launch the new products, IBS experts have implemented standard models of the Product Factory and Loan Factory solutions in a banking industry, developing product testing showcases for potential clients.