Blog
KYC Utilities: The Promised Silver Bullet for Nordic Banks?
The Nordic banking landscape has witnessed significant upheaval over the past few years, moving from an untarnished reputation for having the safest financial institutions in the world to being mired in a number of complex, global money-laundering scandals
KYC and AML Compliance Guide: Procedures & Best Practices for Financial Institutions
KYC and AML compliance involves verifying customer identities, assessing risk, monitoring transactions, and reporting suspicious activity to prevent financial crime. Best practices include adopting a risk-based approach, automating due diligence, ensuring
PEPs and Sanction Screening: A Vital Step in KYC
PEP and sanctions checks are a critical component of KYC, enabling financial institutions to identify high-risk individuals and prevent exposure to money laundering, corruption, and other financial crimes. By screening customers against global sanctions li
How to Identify a Politically Exposed Person (PEP) to Achieve KYC Compliance
To identify a Politically Exposed Person (PEP) and achieve KYC compliance, financial institutions must implement enhanced due diligence measures, including screening against up-to-date global PEP lists, assessing associated risk factors such as position, g
US FinCrime Operations: Trends Set to Shape 2026
As 2025 draws to a close, we predict a growing focus on margin optimization, centralized client lifecycle management and AI governance in 2026. In the following blog post, Tracy Moore, Director of Thought Leadership & Regulatory Affairs and Garry Teekah, D
Predictions for EMEA in 2026: AI at Scale, Tech Consolidation, and Sanctions That Get More Operational
Financial institutions in Europe, Africa and the Middle East (EMEA) are heading into 2026 with an awkward equation: more cross-border activity, more complex products, and a more fractured compliance landscape - without a matching growth in experienced fin
KYC Remediation: 4 Tips to Achieve Data Compliance
As regulations evolve and customer data changes, banks and financial institutions must undergo KYC remediation—a comprehensive review and update of existing customer records to ensure compliance with current financial industry standards. This essential but
CLM Vs CRM: What’s the Difference?
Customer Lifecycle Management (CLM) and Customer Relationship Management (CRM) serve distinct but complementary purposes in financial services. While CRM focuses on managing client interactions and nurturing relationships, CLM oversees the entire client jo
Regulatory Horizon Scanning 2026: Essential Insights for the Year Ahead
2025 was a landmark year in anti-money laundering (AML) and financial crime regulation, and 2026 is set to bring fresh challenges and complexity for financial institutions.- Fenergo’s webinar: Regulatory Horizon Scanning 2026 brought together a panel of ex
Turning Compliance Into a Growth Engine With Fenergo’s Digital Agents
We recognize that within the client lifecycle management (CLM) ecosystem, financial institutions still face an ongoing challenge: compliance and client lifecycle processes are highly manual, time-consuming, and resource-heavy. Teams spend countless hours r
Understanding Know Your Customer (KYC) Requirements for Banks
Banks must implement robust KYC processes to verify client identities, assess risk, and comply with anti-money laundering (AML) regulations. Core KYC requirements include customer due diligence (CDD), enhanced due diligence (EDD) for high-risk clients, con
55 Years of Financial Transparency: Revisiting the Bank Secrecy Act
On October 26, 1970, the U.S. Congress enacted the Bank Secrecy Act (BSA) - also known as the Currency and Foreign Transactions Reporting Act - marking a watershed moment in financial regulation. The goal: require financial institutions to assist law enfor
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