Bank of China US Goes Live on Fenergo CLM Solution
Key takeaways
- Bank of China's US Branches, subsidiaries of the world's fourth largest bank, went live on Fenergo's Client Lifecycle Management platform.
- The solution enhances the bank's compliance framework in KYC, Anti-Money Laundering and Customer Due Diligence.
- It provides BoC US Branches with an end-to-end client management solution across its US branches.
- CEO Marc Murphy said the bank had been invited to join Fenergo's Client Advisory Board and Regulatory Forums.
NEW YORK: September 11, 2018: – Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, announced today that the BoC US Branches, subsidiaries of the 4th largest bank in the world, have gone live on its Client Lifecycle Management platform, Fenergo CLM. BoC US Branches are among the latest of the top tier global banks to use Fenergo’s market-leading onboarding solution.
Fenergo CLM provides BoC US Branches with an end-to-end client management solution enhancing its compliance framework, especially in the areas of KYC (Know Your Customer), Anti-Money Laundering (AML), and Customer Due Diligence (CDD).
Marc Murphy, CEO of Fenergo, said,
“I’m delighted to announce BoC US Branches as our latest valued client now live and in production. BoC US Branches are dedicated to providing the tightest set of regulatory controls and customer due diligence. We have invited the bank to join our Client Advisory Board and Regulatory Forums, adding to the collective industry intelligence of Fenergo’s other global clients. I look forward to working closely with Bank of China US Branches and their contributions.”
This announcement does not constitute or imply BoC US Branches’ endorsement or recommendation of any product.
