Streamline the entire client lifecycle management process – from initial client onboarding, to KYC and regulatory compliance and ongoing client and account maintenance – all in a secure cloud-based environment.
Every financial firm in the world is facing the same ‘perfect storm’ of increasing regulatory obligations and a growing demand on client data and documentation required to evidence the compliance process.
Fenergo Cloud provides a smart and secure end-to-end solution that enables banks to streamline regulatory compliance, client and counterparty data management and onboarding processes for effective lifecycle management of all clients.
The solution harnesses all of the rich regulatory rules, robust KYC and AML compliance processes, sophisticated data and documentation management and advanced workflow capabilities from its on-premise sister solution, Fenergo Client Lifecycle Management.
Fenergo Cloud CLM is public or private cloud solution that offers:
Global Regulatory Compliance
Fenergo Cloud ensures compliance with a wide range of regulations - AML, KYC, Tax (FATCA, CRS, 871M), Global OTC Derivatives Reform (Dodd-Frank, EMIR, APAC & Canadian reforms), Margin Requirements and Market Reform Rules (MiFID II) – across the entire length of the client lifecycle (including regular KYC reviews and event-driven reviews).
Industry Best Practice for Client Lifecycle Management
Fenergo is a proven and trusted solution, developed in close collaboration with our active client community across North America, APAC and EMEA. Fenergo Cloud leverages all of this business intelligence and technical know-how to create industry best practice client lifecycle management for banks across the world.
Secure, Fast, Flexible Deployment
Fenergo Cloud can be deployed quickly and easily on a private corporate cloud or public cloud, depending on your bank’s requirements. Its advanced configurability eliminates the need for heavy IT requirements, ultimately, reducing the total cost of compliance.
Gain agility and maximize operational efficiency by centralizing onboarding and client lifecycle management across multiple jurisdictions and lines of business.
Improve Time to Revenue
Expedite client onboarding and ensure best-practice compliance with our rich regulatory rules engine and sophisticated workflow capabilities.
Enhance Client Experience
Provide a more consistent, digital experience across all customer-facing channels powered by a seamless, 360-degree view of each client.
Solve Regulatory Obligations
Ensure compliance with a wide range of global and regional AML, KYC and Tax regulations across the entire length of the client lifecycle.
Banking on the Cloud for Client Lifecycle Management
Explore the world of cloud-centric banking and the benefits it can deliver to commercial, business, investment, corporate, private and retail banking and the key considerations when migrating from on-premise to cloud.
Cloud Adoption: A Quiet Revolution in Financial Services
The global financial services industry is on the brink of a massive technological disruption. The emergence of fintech and regtech vendors has created a tech race for banks, helping to fast-track the innovation path for many of them.
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 chose Fenergo’s solutions because they will enable us to meet the increasing complex regulatory frameworks with an efficient and client-centric onboarding experience.
Managing Director, Head of Capital Markets Operations SunTrust
Fenergo’s Regulatory Onboarding solution provides us with an additional level of flexibility and enhances our ability to prioritize our compliance initiatives.
Managing Director for Client Onboarding BMO Capital Markets
We chose Fenergo for both their deep, out-of-the-box CLM functionality and their v8 technology that is a good fit with our own modernized technology landscape. I look forward to working with the Fenergo team and their wider client community to input into the continually evolving product and regulatory roadmaps
Global Head of CIB IT and Operations BNP Paribas
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.
bank-wide responsibility for CDD, client master administration and regulations with ABN AMRO