This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CIBC Wins Pegasystems' Business Transformation Award For Multi-Product Sales & Origination (MPSO) Platform

Stocks in this article: CM

TORONTO, June 12, 2014 /CNW/ -   CIBC (TSX: CM) (NYSE: CM) announced today that it has been recognized with the Business Transformation Award from Pegasystems Inc. for use of their technology in the development of a new sales and product origination platform.

Pegasystems Inc. recognizes companies that have successfully leveraged Pega technology and its Build for Change ® thinking to improve the overall customer experience and increase business productivity and innovation.

The new platform will allow CIBC advisors to have more comprehensive sales and service conversations in less time, and make recommendations that meet client needs and facilitate deeper banking relationships with CIBC.

"This recognition speaks to our continued commitment to enhancing the client experience and making banking easy, personalized, and flexible," said Laura Money, Senior Vice President, Strategic Initiatives, CIBC. "We continue to invest in innovative technology that enables CIBC to better meet the needs of our clients today and in the future, and our new multi-product sales and origination platform is a great example of bringing innovative thinking to our branches across Canada."

CIBC was the only North American bank to receive the 2014 Business Transformation award which was presented at PEGAWorld 2014, a conference showcasing customers and partners that have used Pegasystems software for innovative transformation.

This recognition builds on CIBC's multi-year commitment to innovation for its clients. In 2010 CIBC became the first bank in Canada to deliver a mobile banking app to clients, and in 2012 became the first Canadian bank to launch a mobile payments app to allow clients to make credit card purchases using their smartphone. Last year, CIBC was first among the big five Canadian banks to deliver eDeposit allowing both personal and small business clients to deposit cheques using the camera on their mobile device.

About CIBC CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs