Fenergo Expands into Private Banking and Wealth Management

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Steve D’Souza appointed to lead Fenergo’s new division to drive expansion and facilitate further growth into new market segments.

7 November 2018 – Fenergo, the leading provider of Client Lifecycle Management solutions (CLM) and services for financial institutions, has announced its expansion into Private Banking and Wealth Management, with the creation of a new division lead by Steve D’Souza.

The establishment of this new Private Banking and Wealth Management division directly aligns with Fenergo’s market expansion strategy and its objective to deliver value-adding, innovative and proven CLM services to financial institutions. Steve will report directly to Fenergo’s CEO Marc Murphy and will be based in London. 

Marc Murphy, CEO, Fenergo, said,

“The creation of this division demonstrates our commitment to growing the business even further and extending our award-winning CLM platform to new market segments. This division will build on the successes we have already achieved in the Corporate and Institutional Banking (CIB) space and will allow us to enhance and develop our proposition to Private Banking and Wealth Management clients further.” 

Steve D'Souza, Fenergo, commenting on his appointment, 

“Fenergo has proven its ability to bring CLM technology to the CIB sector and our goal is to extend and enhance our onboarding and unique regulatory capabilities to Private Banking and Wealth Management professionals. These firms are encountering greater competition for customers, and by using Fenergo to streamline their processes and workflows, they can reduce costs and ensure better and faster customer experiences.”

Marc Murphy, added,

“We will continue to invest in our core CLM platform and will now enhance its capabilities to better serve this new segment. Mirroring our recently announced activity in the asset management space our aim is to engage with market practitioners through the Fenergo Global Regulatory Forum. The forum will allow us to better understand their needs, extend our world-class services based on their preferences and drive mutually beneficial growth for all parties.” 

Steve’s 35-year career encompasses roles at Unisys, Odyssey, Parity, Propero and TCA Consulting before setting up Sales Kinetics in 2008. During his time at Sales Kinetics he has worked with over 25 IT firms driving and creating revenue in the UK and Switzerland. His successes include sales into Brewin Dolphin, Quilter, Brooks Macdonald as well as the LGT Group.

To learn more about Fenergo’s Private Banking and Wealth Management focuses please click here: https://www.fenergo.com/segments/private-banking-wealth-management.html  


About Fenergo:

Fenergo is the No. 1 provider of Client Lifecycle Management (CLM) software solutions for financial institutions, counting 26 of the top 50 financial institutions in the world as clients. Its award-winning CLM suite transforms how sell-side banks and buy-side firms manage clients - from initial onboarding to KYC/AML and regulatory compliance, to client data management and ongoing lifecycle KYC reviews and refreshes. Fenergo CLM empowers financial institutions to deliver a faster, more efficient and compliant client experience and achieve a single client view across channels, products, business lines and jurisdictions.

Its rules-driven solution ensures compliance with multiple global and local regulatory frameworks including AML, KYC, Tax (CRS, FATCA, 871M), OTC Derivatives (EMIR, Dodd-Frank, MiFID II, Margin Requirements) and data privacy rules (GDPR). It supports the collection, centralization and sharing of client and counterparty data and documentation across the institution and deploys an API-first approach to advanced integration with a host of external KYC, AML and entity data providers, KYC and industry utilities. The solution is underpinned by next generation Artificial Intelligence, Robotics Process Automation and Machine Learning technologies, using advanced OCR and NLP capabilities to extract information, expedite compliance and improve operational efficiencies.