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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.

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:

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

THE BENEFITS

  • 360° View of all your clients

    Gain agility and maximise operational efficiency by centralising onboarding and client lifecycle management across multiple jurisdictions and lines of business to give a complete view of all your KYC data

  • Improve Time to Revenue

    Expedite client onboarding and ensure best-practice compliance with our rich regulatory rules engine and sophisticated workflow capabilities.

  • Automate Risk

    Fenergos sophisticated rules engines automatically categorises your clients into Low, Medium or High risk to gain a clear view of the size of risk presented to your institution from a financial, regulatory and reputational perspective

  • Fully Compliant

    Achieve maximum compliance within global KYC regulatory requirements while also catering to your needs on a local Customer Due Diligence (CDD) level

RESOURCES

brochure

Know Your Customer

Fenergo Know Your Customer offers a risk-based approach to KYC compliance that efficiently focuses resources on higher risk clients and ensures lifecycle compliance with global and local KYC regulations.

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whitepaper

Know Your Customer, Know Your Data

In the current financial landscape, an abundance of new regulation, as well as stricter enforcement of previously existing regulations, puts significant challenges in front of banks around compliance.

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Blogs

  • In-Country KYC Data Privacy Rules – Adding Fuel to the Regulatory Fire

    Most financial institutions aspire to implement a truly global customer due diligence program that shares and re-uses data, measures and manages risk consistently and drives efficiency of the Group’s AML / KYC practices.

    Read more
  • Embracing a New Approach to KYC Client Reviews

    KYC and risk assessment is a normal part of the initial client onboarding process, however, it doesn’t end there.

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  • KYC Utilities and the Future of Regulatory Onboarding

    Recent reports suggest that financial institutions are struggling to comply and keep up with existing AML and KYC regulations.

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