Fenergo is a leading provider of client due diligence (CDD)/know-your-customer (KYC), Foreign Account Tax Compliance Act (Fatca) compliance and client onboarding life-cycle management solutions for investment, corporate and private banks. Its award-winning solutions enable financial institutions to:
Onboard clients swiftly and efficiently.
Ensure the highest level of compliance with CDD/KYC, anti-money laundering (AML), Fatca and Tax Deduction Scheme for Interest regulations during client take-on and throughout the lifetime of the client
Introduce key efficiencies that will make for more sophisticated client experiences.
Create a consolidated 360-degree financial picture of the client and all related documentation/collateral across various front-, middle- and back-office teams.
Fenergo's market-leading solutions deliver:
A single client view for risk management
Underpinned by a comprehensive legal entity data management framework, Fenergo's solutions enable the tracking, merging and grouping together of various identifiers to create a more accurate and holistic picture of the client - enhancing risk management and improving client experience and profitability. With its integration capabilities, Fenergo's front-office solutions encourage the proliferation of this holistic, single-client view across the institution by feeding these aggregated identifiers to other systems across credit, risk, compliance, legal and operations. The solution also provides intuitive visualisation of all legal entities, associated parties - such as company directors, shareholders, etc. - and ultimate beneficial owners across all products, lines of business and departments within the institution.
Future-proofing against emerging regulations
All of Fenergo's solutions are out-of-the-box and fully customisable, providing institutions with the ability to configure to suit their culture and organisational design, while empowering them to adapt to changing regulations without the need for heavy IT involvement. For example, Fenergo's CDD/KYC and Fatca compliance solutions can be easily configured to solve all classification-based regulations such as Legal Entity Identifier, the Dodd-Frank Act, Mifid II, Basel III, and the 4th European Union Money Laundering Directive.
Protection of existing data and technology investments
Fenergo's onboarding and compliance suite of solutions helps institutions re-use existing data that may be lying in various repositories around the institution. Through its core integration capability, Fenergo's solutions enable institutions to create intelligent links between repositories, leading to a stronger, more accurate representation of clients, and assisting in the cleansing and remediation of golden source data, which can be distributed to both upstream and downstream systems. It also protects existing technology investments and the lower total cost of ownership.
Fenergo's award-winning solutions include:
A sophisticated risk-based approach to managing CDD/KYC and customer identification programme regulatory requirements. It is specifically designed to minimise risk throughout the client life cycle. From the moment a client is onboarded, the solution examines all relevant client data to calculate an appropriate risk rating for the client. Its ability to create a single-client view of all individuals, entities and ultimate beneficial owners enables institutions to conduct accurate KYC and AML assessments, the results of which dictate the level of due diligence required - standard or enhanced. The solution also automatically schedules regular reviews of the client data and flags ad-hoc reviews based on change-of-circumstance data.
An advanced solution that enables financial institutions to easily identify, classify, monitor and report on the Fatca status of all new and existing legal entities. By automating the client identification, classification, ongoing monitoring and report processes, Fenergo's Fatca compliance ensures improved visibility and a single view of the client, along with heightened and controlled transparency across the institution, all of which succeed in the delivery of excellent client service. Fenergo's Fatca compliance also integrates with the Fenergo self-certification portal, which speeds up the collection, processing and verification of W-8 and W-9 forms.
Client onboarding life-cycle management solution
An end-to-end application that enables financial institutions to provide a quick and efficient onboarding process for new and existing clients, while ensuring the highest level of compliance with ever-evolving regulations at every stage of the life cycle. It is the only true, vertically deep client onboarding solution on the market that is capable of factoring in dependencies for the various stages of onboarding. Its specific modular approach allows for AML, documentation repository and flexibility for approvals layers, as well as clear dashboard views to enable effective project management.
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