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ESG Compliance

Regulatory Compliance

Navigate the complexities of evolving regulations with pre-packaged, community-driven solutions across Tax, ESG, Global Derivative Reform, Investor Protection and more.

Fenergo

Simplify the Complexities of Compliance with Confidence

Fenergo’s Regulatory Compliance solution streamlines compliance processes, offering real-time regulatory insights to efficiently and effectively manage risk in adherence with global regulatory frameworks, including:

  • Tax (e.g. FATCA , CRS.)
  • Investor Protection (e.g. MiFID II, HKPI, etc.)
  • Global Derivative Reform (e.g. Dodd Frank, EMIR, ASIC)
  • ESG (e.g. SFDR, CSRD, ISSB)
1

Mitigate Regulatory Risk

Fenergo’s regulatory compliance solution offers comprehensive coverage across global and local regulatory frameworks. Compliance requirements are embedded directly within client journeys, intuitively guiding users through task completion and ensuring compliance-by-design.

2

Optimize Operational Efficiencies

Fenergo digitally orchestrates and centralizes all elements of client onboarding and regulatory compliance into a single, integrated solution. This allows for effective and efficient re-use of data, reducing siloes and giving your organization a true 360° view of client and counterparty profiles.

3

A True Community Approach to Compliance

Fenergo’s client engagement model places our clients at the heart of our horizon scanning and decision-making. Led by our in-house team of regulatory experts, our diverse, global client base feed directly into product and regulatory working groups, allowing for mutualization of cost and future proofing against upcoming regulations.

Fenergo

Ensure Regulatory Compliance with Fenergo

Fenergo’s Regulatory Compliance solution streamlines the compliance process for financial institutions, from onboarding and due diligence, product enablement, and throughout the entire client lifecycle.

Our solution is pre-packaged with regulatory workflows, rules, risk and ESG rating models , allowing you to efficiently and effectively manage global and local regulatory requirements for clients and counterparties, enterprise-wide.

Directly embedded within Fenergo’s Client Lifecycle Management solution suite, our Regulatory Compliance solution delivers a single, integrated platform that optimizes compliance-by-design, without creating additional operational overhead.

Fenergo Regulatory Compliance: Key Features

Best-in-class Pre-packaged Content

Fenergo’s regulatory compliance solution delivers pre-packaged, ready-to-deploy intuitive workflows, rules and risk models pertaining to global and local regulatory frameworks and standards, including Tax, ESG, Global Derivative Reform, Investor Protection and more.

This includes data and document requirements, entity auto-classification frameworks (e.g. MiFID II client categorization), related parties (e.g. Tax Controlling Persons), as well as ESG Risk and Ratings calculations and classifications.

Easy, Expedited Regulatory Change Management through No-Code Configuration

Fenergo’s dedicated, intuitive configuration user interface gives your business and compliance users the power to make changes easily and instantly to regulatory data sets, workflows, risk and ratings models and more, without requiring any IT support. This empowers your organization to react quickly to change, consistently remain ahead of regulatory trends as requirements evolve.

A Single Client Compliance Profile

Our regulatory compliance solutions seamlessly integrate with Fenergo’s Client Lifecycle Management solution suite, as well as your existing technology landscape, to orchestrate and centralize client, KYC, AML and regulatory classification data, documents and related parties and present a single, verified entity profile. This allows for effective, efficient re-use of data, connecting stakeholders, reducing unnecessary client touchpoints, and facilitating quick and easy compliance reporting.

Case studies

Client Success Stories

Read About How Some of the Leading Banks in the World Have Transformed Their Client Lifecycle Processes.

Bank ABC: A Fenergo SaaS CLM Case Study

Read the case study
Fenergo

BNP Paribas S.A Celent Model Bank Winner for One KYC

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Fenergo

Mizuho Americas: Digitalizing Client Onboarding

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Fenergo

"The main opportunity with ESG is to transform the [traditional] compliance tick box exercise into sustainable and viable business opportunities. Banks should leverage technology and teams that are fully focused and dedicated to building the best scalable product in the market to help financial institutions fulfil this mission."

Marinus Oosterbeek, Venture Capitalist
ABN Amro Ventures (panelist on a recent webinar on ESG)

More SaaS Solutions

Check Out Fenergo’s Suite of SaaS Solutions

Know Your Customer (KYC)

Client Onboarding

Transaction Monitoring

Account Opening

FAQs

What are the key ESG regulations and ESG standards?

There are multiple regulations and standards in play for ESG in financial services. In the EU, the Corporate Sustainability Reporting Directive (CSRD) the Sustainable Finance Disclosure Regulation (SFDR), and the EU Taxonomy are the key pieces of legislation. There are also important guidelines coming from the SEC in the USA, from MAS in Singapore, and from multiple other jurisdictions.
There are many ESG compliance standards at play, with the International Sustainability Standards Board(ISSB), and the Task Force on Climate-related Finance Disclosures (TCFD), as well as GRI, UNGC, and more

What are best practices in ESG compliance for financial institutions?

The process for ESG in banking is ideally embedded into existing client lifecycle management processes, through re-use of common data, leveraging market data, efficient management of customer outreach, and investing in good technology in order to reduce manual effort for as many components of the ESG compliance process as possible. ESG compliance is a key point, with future-proofed regulatory coverages baked into ESG solutions.Read our latest blog on ESG: A Roadmap to Compliance in 2023

How should SFDR and CSRD compliance be brought into the operating model?

Ideally ESG solutions will be capture CSRD and SFDR information as part of the customer due diligence process. Typically middle office teams are empowered to do much of the data gathering, with specialist areas and clients escalated to expert SMEs.

Using ESG rating providers

There are a huge number of ESG ratings providers in the market, with various methods of calculating their proprietary scores. This ranges from analysing public available information, to assessing news reports about firms, all the way to parsing social media mentions to determine user sentiment.
The challenge with the market is that there is a huge variety in ESG scores - what might be a 30 in one solution will be 80 in another ESG solution. The best practice for ESG in banking is to bring the ratings in-house, and to calculate a score based on hard data that is traceable.Rating models can also be personalised to the Financial Institution’s own risk appetite and world view.

Got an ESG Question?

Contact us and talk to one of our ESG experts about how you can manage ESG compliance obligations efficiently and effectively.