Fenergo’s Regulatory Onboarding solution was successfully implemented by Scotiabank’s Global Banking and Markets division to help automate, streamline and standardize regulatory onboarding processes, data and documentation across six business segments. The implementation also supports Scotiabank’s centralized know-your-customer and anti-money-laundering processes, establishing a common process for regulatory onboarding. 

To read more about the success of this Regulatory Onboarding implementation, please download the case study below. 

Client Profile:

Scotiabank’s Global Banking and Markets (GBM) division provides corporate and investment banking and capital markets products and services to corporate, institutional and government clients around the world. Headquartered in Toronto, Scotiabank has GBM offices throughout the Americas, Europe and Asia Pacific. It operates as a subsidiary of The Bank of Nova Scotia, Canada’s most international bank.

Client Requirement:

In 2012, GBM undertook a critical review of its regulatory onboarding processes. In light of the constantly changing global regulatory landscape, Scotiabank set out to establish a best-in-class global markets regulatory onboarding initiative and invited multiple vendors to participate in a competitive tender process.

Fenergo Solution:

Fenergo’s Regulatory Onboarding solution was ultimately implemented to automate, streamline and standardize regulatory onboarding processes, data and documentation across six business segments. It also provided the bank with centralized know-your-customer, anti-money-laundering processes for regulatory onboarding, supporting regulatory frameworks such as FATCA, Dodd-Frank, EMIR, Canadian and Asian Derivative Regulations. The solution, which was implemented initially in Canada, US and UK, is designed to be easily extended to incorporate additional jurisdictions and/or regulatory requirements as they evolve in the future.

To read more about the success of this Regulatory Onboarding implementation, please download the case study below.