Fenergo Document Management enables financial institutions to manage regulatory and client document management requirements efficiently across multiple regulatory and operational requirements.
Document management and control is critical for regulatory compliance with AML / KYC and a wide range of regulatory frameworks such as Dodd-Frank, EMIR and other regional OTC derivative regulations, Margin Requirements, CRS, FATCA, MiFID II etc. Financial institutions must prove that they are in compliance with all local and global regulations through evidentiary record keeping and document management that proves coverage across all regulatory frameworks.
Keeping Track of Regulatory Documentation
Fenergo Document Management enables financial institutions to manage regulatory and client document management requirements efficiently across multiple regulatory and operational requirements. A shared services document repository, Fenergo Document Management allows users to search, retrieve and upload documentation easily and efficiently.
Document Management enables financial institutions to:
Re-use client documentation through API integrations;
Automate regulatory requirement identification;
Index and track every client document effortlessly;
Achieve a single view of client documentation with a Document Matrix;
Manage regulatory lifecycle events over clients’ lifetime;
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.
Regulatory Client Outreach & The Path to Compliance
In this paper, we explore the core operational and internal challenges that currently make the process of Regulatory Client Outreach a logistical nightmare for financial institutions. We also propose a best practice approach to regulatory client outreach by automating certain aspects of the client management process.
Financial institutions must prove that they are in compliance with all local and global regulations through evidentiary record keeping and document management that proves coverage across all regulatory frameworks.
The Path to Client Lifecycle Transformation is Paved with RegTech
While regulatory compliance will remain at the forefront of banking operations, RegTech has enabled financial institutions to manage this and lead the charge towards a better, more efficient and client-centric way of doing business.
Examining Beneficial Ownership Register Adoption in APAC
The Financial Action Task Force (FATF) regards access to accurate information regarding beneficial ownership as critical to the effective deterrence of criminal activities that could be obscured by corporate structures.
GDPR introduces 10 new rights to data subjects. Chapter III of GDPR, Section 1 provides for some of the transparency requirements placed upon data controllers as they communicate with data subjects. It explicitly refers to several Articles 13 – 22 and 34.
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 Robinson Humphrey
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
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
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.
Bank-wide responsibility for CDD, client master administration and regulations ABN AMRO