Compliance remains one of the most challenging area for banks when onboarding new clients or new products. Like everything else, the compliance process needs to be carefully designed and orchestrated to create a fully auditable process that is efficiently executed.
Regulatory surety driven by an active client community of 70+ financial institutions worldwide, an evolving regulatory roadmap and a robust, global Regulatory Rules Engine.
Fenergo’s Compliance by Design approach involves collaborating with our global Regulatory Forums, an active community of senior compliance professionals from our client organizations, to provide direct input into Fenergo’s Regulatory and Product Roadmaps.
Fenergo’s Regulatory Forum members help to design, interpret and bring to market compliance solutions for enhanced or emerging regulations.
In 2018, this group helped us launch new solutions for MiFID II, GDPR and FinCEN Final Rule (CDD) compliance. Over the coming months, they will help us bring to market solutions for Securities Financing Transactions Regulation (SFTR), 5th EU Money Laundering Directive, UK ringfencing rules, EMIR Regulatory Fitness and Performance (REFIT), as well as providing guidance on the regulatory impact of Brexit.
The Importance of Peer-to-Peer Communities in Regulatory Compliance
Insights into how Fenergo implement a Compliance by Design approach across its global client base through peer-to-peer communities focused on regulatory compliance and reform.Read more
Customer Experience: The Competitive Battleground for Financial Institutions
Recent reports suggest that financial institutions are struggling to comply and keep up with existing AML and KYC regulations.Read more
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
We chose Fenergo to support regulatory onboarding across our Global Banking and Markets division. We wanted a solution that would support an efficient onboarding experience for all of our customers.
Nicola Ray Smith Managing Director, Global Capital 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.
Helène Erftemeijer Bank-wide responsibility for CDD, client master administration and regulations ABN AMRO
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
Bernard Gavgani Global Head of CIB IT and Operations BNP Paribas
In The News
Fenergo Voted Category Winner in KYC & Onboarding Solutions
Source: Data Management Awards
Examining the ROI & Benefits of RegTech Solutions for Businesses
BNP Paribas Taps Fenergo for KYC
Source: Markets Media