Client & Counterparty Data Management
Fenergo Client & Counterparty Data Management is a centralized master data system that helps banks to acquire, validate, store and distribute legal entity/client data across product/business lines and jurisdictions.
Regulatory & OTC Derivative Reform
A single client view of all legal entity data forms the backbone of rigorous regulatory compliance. Fenergo Client & Counterparty Data arms financial institutions with clean, centralized and correct legal entity data, positioning them for enhanced and efficient regulatory compliance across a range of KYC, AML, tax and OTC derivative regulatory frameworks and trade reporting requirements.
Legal Entity Hierarchies & Ultimate Beneficial Ownership
Fenergo’s Client & Counterparty Data Management solution enables financial institutions to assess and understand the overall corporate structure, including a true representation of client relationships, complex hierarchies, ultimate beneficial ownership (UBO), as well as management of data, rules and connectivity across investment managers, funds and account relationships. The identification of beneficial owners and, in particular, the ultimate beneficial owner, forms an integral part of AML (4th EU Money Laundering Directive), KYC and tax compliance (CRS, FATCA) regulations.
Fenergo’s Client & Counterparty Data Management solution promotes re-use of client and counterparty data and documents across the institution, enabling financial institutions to realize greater operational efficiencies that accelerate regulatory compliance and expedites onboarding processes. (Check out our paper on Managing the Delta of Regulatory Data.)
Fenergo Client & Counterparty Data Management integrates seamlessly with Fenergo Data Integration Manager to consume, process and route data from multiple data providers (such as DTCC’s Avox, Omgeo, Markit ISDA Amend and KYC utilities such as kyc.com and Clarient Global) and systems and deliver this higher quality data to the right internal systems to support regulatory client lifecycle management and reporting.
CLIENTS WHO TRUSTOUR SOFTWARE SOLUTIONS
We chose Fenergo’s solutions because they will enable us to meet the increasing complex regulatory frameworks with an efficient and client-centric onboarding experience.
John Healy Managing Director, Head of Capital Markets Operations SunTrust Robinson Humphrey
Fenergo’s Regulatory Onboarding solution provides us with an additional level of flexibility and enhances our ability to prioritize our compliance initiatives.
Erica Benjamin Managing Director for Client Onboarding BMO Capital Markets
“The global regulatory challenge is one that continues to evolve and grow. It’s more of a journey than a destination. Therefore, it is important to find the right solutions partner to travel along that journey with you and provide the guidance needed to navigate the path ahead. We found such a partner in Fenergo”
Faham Rashid Director, Operations & Technology for Global Banking & Markets Scotiabank
Our main ambition is to streamline the end-to-end client lifecycle management process – from onboarding to regulatory compliance to lifecycle reviews – for all of our jurisdictions and to standardize processes and procedures across different divisions. Fenergo will help us to achieve operational efficiencies and improve our customer experience, whilst maintaining the highest level of regulatory compliance across the globe
Emma Rey Gállego Head of Customer Experience-Onboarding in CIB BBVA
We selected Fenergo’s Client Lifecycle Management software to enable us to manage the CDD / KYC processes from client onboarding to client off-boarding and all the KYC / CDD compliance and lifecycle events (periodic and event-driven reviews) that occur in between. A core part of our business transformation program will involve creating an internal centralized KYC target operating model that will help us to simultaneously improve the client experience and reduce the cost impact of the regulatory KYC activities. Fenergo is the technology platform that will underpin this initiative.