Client Case Studies
BNP Paribas S.A Celent Model Bank Winner for One KYC - A Fenergo Client Implementation
In 2022, Celent awarded BNP Paribas for the implementation of Fenergo’s Client Lifecycle Management (CLM) solution as part of its ‘One KYC’ project, a group-wide utility for collecting, storing, and maintaining information and documents for Know Your Customer (KYC), onboarding and more for its corporate clients across all business lines and countries.
One KYC has enabled BNP Paribas to realize its ambitions in creating a single client view that increases transparency between entities operating within its entire global network, improving time to revenue and customer experience.
Bank ABC: A Fenergo SaaS CLM Case Study
Age-old onboarding problems require innovative technology solutions. Bank ABC set out to become the “bank of the future” and transformed its group-wide onboarding process for corporate clients with Fenergo's SaaS Client Lifecycle Management.
The technology provided the bank with a single-client view that automated KYC, AML and regulatory compliance steps, whilst enabling the Bank to grow its global customer base, eliminate operational inefficiencies and open corporate accounts in a matter of hours.
Mizuho Americas: Digitalizing Client Onboarding. A Celent Case Study
Managing Complex Regulations
Mizuho Americas selected Fenergo to transform its KYC operations to support its growing client base and modernize its approach to KYC, onboarding, and client data management.
Fenergo's Client Lifecycle Management was selected for its extensive and configurable regulatory rules engine and digital client journeys to ensure consistent compliance, accelerate onboarding, and reduce friction for Mizuho Americas’ customers.
Northern Trust Digitizes Onboarding for Investors in Capital Funds
Northern Trust and Fenergo announced their partnership in May of 2022 to enhance the investor onboarding journey in private capital funds. The collaboration aims to digitize and streamline onboarding journeys and due diligence processes for anti-money laundering (AML) requirements such as Know Your Customer (KYC).
In this video, Clive Bellows, Head of Global Fund Services, EMEA, at Northern Trust talks about how Fenergo’s Client Lifecycle Management solution streamlines client onboarding while improving operational efficiencies and client experiences.
"Our mission is to enable the business and growth aspirations of clients across the globe through effortless, seamless and easily accessible banking services and solutions. Fenergo’s cloud-native CLM solution, which fast-tracks and automates the client onboarding process, helps fulfil our objective and align banking with evolving client expectations and preferences in this fast paced, increasingly touchless world.”
Northern Trust will deploy Fenergo’s technology in tandem with the expertise of our servicing teams to onboard investors faster through an efficient digital portal. The development will support clients and investors throughout the lifecycle, including continuous risk assessment of investor data, periodic reviews, as well as offboarding. Moreover, the reduction in manual document flow will enable our teams to focus on more value-added activities on behalf of our clients and further enhance our information security protocols."
Aztec Group is pursuing an ambitious strategy in which technology plays a key role both operationally and for our clients. We’re looking forward to working with Fenergo to transform the way we approach the client lifecycle safely and securely. We saw an opportunity to overhaul our onboarding, due diligence and lifecycle management processes, using technology to shoulder the burden of administration and remove some of the effort needed from both our teams and our clients. As a result, we’re able to provide a much smoother onboarding experience and spend more time on value-adding interactions, rather than administrative tasks."
Fenergo's Regulatory Onboarding solution provides us with an additional level of flexibility and enhances our ability to prioritize our compliance initiatives."
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