Pegasystems Inc., a developer of unified process and rules technology, has licensed the IBM industry model for insurance–Insurance Application Architecture (IAA)–and the IBM industry model for banking for use in Pegasystems insurance and financial services solution frameworks. By aligning Pegasystems' SmartBPM Suite with IBM's insurance and banking business content, Pegasystems can deliver more robust solution frameworks as well as enable existing subscribers with best-in-class capabilities to build out and deploy their model-based solutions.

In development efforts among IBM and many global carriers and financial institutions, IBM's models are comprehensive suites of models available for helping companies apply information technology to realize strategic business initiatives. Pegasystems, working closely with IBM's Industry Models and Assets team, is incorporating these models into its SmartBPM offerings for real-world execution success.