10th November 2020 – Dubai Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, has won awards for Best Client Onboarding and Best Compliance/Regtech solutions at the 7th Annual Wealthbriefing MENA Awards. This is the second consecutive year Fenergo has been awarded by Wealthbriefing MENA.

Fenergo’s CLM solution with intelligent orchestration enables financial institutions to achieve a 360-degree client view, automate Know Your Customer (KYC) and Anti Money Laundering (AML) compliance processes and deliver a streamline digital customer onboarding experience. 

Cormac Sheedy, Head of MENA Sales, said: “This award is testament of our commitment to delivering best-of-breed technology solutions for client onboarding to banks and financial institutions across the United Arab Emirates and Middle East region. The onset of the pandemic has forced financial institutions everywhere to accelerate digital transformation to respond to client needs more rapidly. Fenergo’s continued focus on delivering innovative solutions empowers financial institutions to accelerate client onboarding and streamline compliance processes so that they can enhance client experience and achieve competitive advantage in today’s challenging business environment.”

“We are particularly impressed that the winner has developed a Remote Account Opening Solution that allows Banks to digitally onboard clients which is particularly useful in pandemic times. Its intelligent rules-driven solution provides companies regulatory proof ensuring compliance across all frameworks including KYC, AML, FATCA and global OTC derivative rules, and the SFTR in 100 jurisdictions.” Wealthbriefing MENA Awards Judges said. “The winner’s solution encompasses a sophisticated regulatory rules engine, an advanced workflow tool, and entity data and document management features leveraging AI. “

Fenergo recently won awards for Best On-Boarding and Best Compliance at the Wealthbriefing European Awards.