Dec 10 2012

Dassault Systèmes Launches the First Industry Solution Experience for Financial Services: “Product Innovation Factory”

“Product Innovation Factory” Transforms the Way Financial Products are Created, Managed and Sold

LONDON — December 10, 2012 – 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, today unveiled in the heart of the London financial district 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 leading aerospace, 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 details 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.

For more information on Dassault Systèmes solutions for the financial services industry, please visit: http://www.3ds.com/financial-services.