BNP Paribas expands Aras Innovator across operations

Key Takeaways

• BNP Paribas' Securities Services business has expanded its use of Aras Innovator to advance Product Lifecycle Management (PLM) across its global operations.
• The company has $16.5 trillion in assets under custody and operates in 27 countries with over 10,800 employees.
• Aras Innovator has been used to manage a catalog of over 100 products, oversee product development, and ensure regulatory compliance and traceability.
• The platform has brought tangible benefits, including greater traceability, enhanced reliability, and increased innovation.

Introduction to Aras Innovator

Aras Innovator is a PLM solution that enables companies to manage product lifecycles, support the development of new services, and ensure regulatory compliance. BNP Paribas' Securities Services business selected Aras Innovator as its PLM solution in 2020 to implement an agile and collaborative platform.

Objectives and Deployment

The company has gradually deployed Aras Innovator to over 1,300 users, with key objectives including:

• Managing a catalog of products and their variants across markets and geographies
• Overseeing product development in compliance with financial regulations and client expectations
• Addressing automation and data management challenges
• Ensuring traceability and strengthening control processes
• Relying on standardized processes and an agile technical architecture

Comparison of PLM Solutions

Benefits of Aras Innovator

The use of Aras Innovator has brought several benefits to BNP Paribas' Securities Services business, including:

• Greater traceability: Financial product evolutions are documented for improved compliance
• Enhanced reliability: Automated workflows strengthen risk management across processes
• Increased innovation: Optimized processes enable the development of new services and products

Future Initiatives

Building on the success of the initial rollout, BNP Paribas' Securities Services business has launched a new strategic initiative: the digitalization of the client pricing management process (Pricing Module). This transformation marks a key step in the company's ongoing efforts to innovate and improve its operations.

Bottom Line

BNP Paribas' Securities Services business has successfully expanded its use of Aras Innovator to advance PLM across its global operations, bringing tangible benefits and driving innovation. With its agile and collaborative platform, the company is well-positioned to navigate the evolving banking environment and meet the growing demands of its clients. As a pioneer in the adoption of PLM technology in the financial sector, BNP Paribas' Securities Services business is setting a new standard for the industry.