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Corporate Banking

Corporate Banking

Fenergo’s Client Lifecycle Management solutions enable corporate banks to comply with all existing or evolving regulations and future-proof for regulations on the roadmap.

Corporate Banking

While not at the centre of the recent financial crisis, corporate banking has been impacted significantly by new and enhanced regulations over the last number of years, which has added financial and operational burdens that has seen a surge in the cost of operating in the current economic climate. The introduction of new regulations and the strengthening of existing regulations has made many corporate banks sit up and take stock of the make-up of their data management and IT operations.

Fenergo’s Client Lifecycle Management solutions enable corporate banks to:

  • Comply with all existing or evolving regulations and future-proof for regulations on the roadmap (regulations include: Know Your Customer (KYC), Anti-Money Laundering (AML), tax compliance (CRS, FATCA, CDOT UK), market reforms (MiFID II), OTC derivative reforms (Dodd-Frank, EMIR, APAC and Canadian rules) etc;
  • Apply an intelligent rules-driven process to regulatory compliance;
  • Source data from multiple data providers to support regulatory compliance and evidentiary processes including the ability to remediate, resolve and challenge the data;
  • Create a single client view based on high quality entity data that can be re-used for multiple events throughout the client lifecycle (e.g. reviews, refreshes, future product onboarding e.g. upsell / cross-sell opportunities etc.);
  • Efficiently orchestrate the onboarding process through all approval processes (from initial sales request, to compliance, legal, credit through to Technology & Operations teams)
  • Ensure continued compliance throughout the client’s lifetime with the bank.

By expediting compliance and supporting it with a well-governed data management process, Fenergo’s Regulatory Onboarding & Client Lifecycle Management solutions can:

  • Improve time to revenue by up to 30%
  • Reduce audit-related costs by up to 20%, and
  • Improve overall client experience. 

Useful resources

Client Lifecycle Management Brochure

Automates the end-to-end client lifecycle management process from compliance, data, onboarding and ongoing reviews.

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WhitepapersDownload

Client On-boarding: A Best Practice Guide

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WhitepapersDownload

Regulatory Onboarding – The Fenergo Way

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