Origination & Account Opening
Increase revenue through efficient Origination & Account from Fenergo
Fenergo Origination & Account Opening is a market-leading, web-based account origination solution that consolidates all the data and documentation required to support the end-to-end credit approval and account opening processes.
Designed specifically for commercial, wholesale and business banks, Fenergo Origination & Account Origination is capable of handling any account type (money market, loan or deposit accounts) for all customer types (individuals, sole traders, companies, trusts, partnerships).
Developed on a single, consolidated platform, Fenergo Origination contains leading-edge case management and workflow management technologies that can help to cut costs, improve efficiencies and enhance overall customer service. Its ability to centralise all data and documentation in one place means that all the teams necessary to approve new account opening have central access to all the client information they need to make prudent and profitable decisions.
With Fenergo Origination, your financial institution can:
- Increase the efficiency of new account management through a 360° single view of all customers across different channels, business units and siloed systems
- Achieve faster account opening, credit approval and reduced fulfilment costs through centralisation of data and streamlined process management
- Maximise up-selling and cross-selling opportunities from an initial account opening
- Efficiently manage changes to existing product lines
- Seamlessly manage the end-to-end applications process, including data capture, multi-stage approval workflows and management of amendments and multi-layered approval decisions
- Improve risk management through greater exposure visibility across individual and aggregated customer groups
- Ensure continued compliance through dynamic management of complex rules-driven processes that automatically enforce consistency, quality control and auditability through intuitive workflow controls and activity tracking
- Achieve full business oversight including pipeline visibility, role-based dashboards and MI reporting
- Future-proof these processes with the ability to configure rules and processes without coding, enabling you to respond to market opportunities, challenges and regulations quickly and efficiently.
Available for viewing on one screen, the solution brings together, in one snapshot, all the data attributes that are critical to the management of the account origination process – from relationship management to decision support to credit analysis.