Bank of China US Goes Live on Fenergo CLM Solution

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BoC Branches Across US Benefit from Advanced Onboarding and Compliance Functionality

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.

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For more information, please contact;

Articulate Communications

T: +1 646 661-4223

E: [email protected]  

About Fenergo:

Fenergo is the leading provider of Client Lifecycle Management software solutions for financial institution, including Corporate & Institutional, Business & Commercial and Private banks. Its solutions help institutions to efficiently manage the end-to-end regulatory onboarding and entity data management processes. The intelligent rules-driven solution ensures compliance with multiple regulatory frameworks and supports the collection, centralization and sharing of client and counterparty data and documentation across the institution. By expediting compliance and improving operational efficiencies, Fenergo’s solutions can onboard clients faster, improve time to revenue and enhance the overall client experience. Fenergo’s recent accolades include: Chartis RiskTech100™ (fourth consecutive year, rising 25 places in 2017); Top Performer in RegTech Performance (Banking Technology / MarketFintech, 2017 and 2016); Best Compliance Product (Sell-Side Technology Awards 2016), FinTech Forward Company to Watch (American Banker, 2015), Chartis RiskTech100® (2016 and 2015) and Best Enterprise Data Management Initiative (Inside Reference Data, 2014).

 

 

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