Emerging from the aftermath of a financial crisis, Fenergo introduced a new concept that would denote how financial institutions manage client journeys and events from beginning to end, from onboarding straight through to offboarding: Client Lifecycle Management (CLM).
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Our 2023 research on KYC Trends has revealed that KYC continues to remain a people-driven, costly and lengthy operation for a lot of banks. On average, for a single client KYC review for Corporate / Commercial Banks, it’s taking 121-180 days to complete and costing $2,598. Over 6 in 10 banks are employing 1,000 – 2,000 full time employees to manage their KYC processes.
Download our interactive eBook below to discover the key to successful KYC implementation.
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15 years ago, Fenergo was founded as a response to the challenges financial firms faced in complying with evolving regulations and onboarding clients efficiently after the 2008 financial crash.
Download ‘The Fenergo Story’ to discover our growth story to becoming the No.1 Provider of CLM SaaS Solutions.
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