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Know Your Customer - KYC

Know Your Customer (KYC)

Fenergo KYC is an out-of-the-box, rules-driven solution for all Know Your Customer policy requirements to support regulatory needs across multiple jurisdictions and business lines

Fenergo’s Know Your Customer (KYC) is a single, integrated technology platform that efficiently manages all KYC policies and regulatory compliance requirements from initial take-on right through the entire client lifecycle, including regular, ad-hoc and event-triggered reviews, as well as data and documentation refreshes.

Know Your Customer Compliance Based upon a sophisticated Regulatory Rules Engine, Fenergo KYC provides a global KYC policy that offers a standardized and consistent approach to KYC, which, in turn, can be customized to suit local Customer Due Diligence (CDD) requirements.  

The Fenergo solution uses dynamic decision tree intelligence to determine the regulatory journey of the client including all the regulations, KYC questionnaires, classifications and risk assessments that need to be adhered to and performed. Furthermore, it also determines all of the client and counterparty data and documentation that is required to support the KYC and regulatory compliance obligations.

With Fenergo KYC, you can

  • Implement a rules-driven, risk-based approach to KYC compliance that efficiently focuses resources on higher risk clients;
  • Achieve compliance with evolving AML/CTF legislation and ensure a timely and efficient client onboarding;
  • Automate risk-scoring processes throughout the lifetime of the client, minimizing overall risk to your institution;
  • Understand the true nature and purpose of the account being set up, investigate sources of wealth and define Ultimate Beneficial Ownership;
  • Gain a clear view of the size of risk presented to your institution from a financial, regulatory and reputational perspective;
  • Lower the cost of ownership with a flexible solution that can be adapted to respond to a changing regulatory environment.

The solution is available as a standalone module or can be fully integrated with the Fenergo Client Lifecycle Management solution.

Useful resources

Know Your Customer Brochure

An out-of-the box platform for all global and local Know Your Customer (KYC) and regulatory compliance requirements. .

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WhitepapersDownload

Know Your Customers, Know Your Data

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Case StudiesDownload

Internal KYC Shared Services Model For A Global Bank

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