Fenergo combines an intelligent Regulatory Rules Engine with sophisticated Compliance Workflow, Document Management and Case Management capabilities to deliver a fully optimized Regulatory Onboarding process
Fenergo Regulatory Client Onboarding provides a single integrated platform that enables financial institutions to onboard new clients or new products efficiently in compliance with a broad range of regulatory obligations.
Its sophisticated Regulatory Rules Engine brings together - in one repository – all the embedded content required to support best practice compliance with global AML and KYC regulations and a growing number of tax (FATCA, CRS, UK CDOT), global entity classification and OTC derivatives-based regulations (such as Dodd-Frank, EMIR and Canadian and APAC derivative rules), as well as market reform rules (MiFID II), during the client onboarding and ongoing client maintenance processes.
Fenergo’s rules-driven workflow engine provides an end-to-end workflow management tool that manages all sub-processes that need to be executed to bring a client from initial take-on through to all the various stages of approvals and requests for information that they need to go through to be onboarded (across Front Office, Compliance, Credit, Legal, Tech & Ops). This greatly speeds up the time it takes to onboard a new client (or new product for an existing client), enhancing overall client experience and improving time to revenue.
Fenergo Regulatory Client Onboarding helps institutions to take a ‘horizontal’ approach to achieve the highest level of compliance across all regulations, while introducing key operational efficiencies, eliminating the need for costly add-on modules or heavy IT requirements and, ultimately, reducing the total cost of compliance.
Brings together compliance for all regulatory requirements and tax classifications both during the initial on boarding process and the on-going client maintenance throughout.
An end-to-end workflow management tool that manages across the front office, compliance, credit, legal tech & ops within the banking organisation
Achieve the highest level of compliance across all regulations, while introducing key operational efficiencies, eliminating the need for costly add-on modules or heavy IT requirements and, ultimately, reducing the total cost of compliance
Coverage over global regulations such as KYC, AML, FATCA, CRS, CDOT, Dodd-Frank, EMIR, Canadian and APAC regulations and MiFID II
Tackling the Regulatory Challenge: A Research Paper from Finextra in Association with Fenergo
84% of banks feel their current compliance technologies are not flexible enough to manage future regulations easily find out how
Fenergo Regulatory Rules Engine is a standalone out-of-the-box repository of rules that helps financial institutions comply with immediate regulatory obligations and future-proof against evolving regulatory and operational requirements
Regulatory Client Outreach: 4 Best Practice Guidelines
The amount of regulatory client data that needs to be collected and kept up-to-date is bigger and more complex than current data gathering and client data management processes can handle, leading to manual, time-consuming and error-prone processes. Automation is sorely needed.
Managing Regulatory Data is Key to Faster Compliance and Client Onboarding
Investment banks need to get back to the business of banking – onboarding new clients, upselling and cross-selling – albeit more efficiently, compliantly and profitably than ever before. The question is – do they have the data, operational and technological capabilities to do this?
Having a standardized approach to onboarding and client lifecycle management will not only reduce the burdens of regulation but it will also become an asset to the business and improve risk avoidance, time to revenue, enhanced client experience and much more.
We chose Fenergo’s solutions because they will enable us to meet the increasing complex regulatory frameworks with an efficient and client-centric onboarding experience.
Managing Director, Head of Capital Markets Operations SunTrust Robinson Humphrey
Fenergo’s Regulatory Onboarding solution provides us with an additional level of flexibility and enhances our ability to prioritize our compliance initiatives.
Managing Director for Client Onboarding BMO Capital Markets
We chose Fenergo to support regulatory onboarding across our Global Banking and Markets division. We wanted a solution that would support an efficient onboarding experience for all of our customers.
Nicola Ray Smith
Managing Director, Global Capital Markets Scotiabank
Our main ambition is to streamline the end-to-end client lifecycle management process – from onboarding to regulatory compliance to lifecycle reviews – for all of our jurisdictions and to standardize processes and procedures across different divisions. Fenergo will help us to achieve operational efficiencies and improve our customer experience, whilst maintaining the highest level of regulatory compliance across the globe
Emma Rey Gállego
Head of Customer Experience-Onboarding in CIB BBVA
We selected Fenergo’s Client Lifecycle Management software to enable us to manage the CDD / KYC processes from client onboarding to client off-boarding and all the KYC / CDD compliance and lifecycle events (periodic and event-driven reviews) that occur in between. A core part of our business transformation program will involve creating an internal centralized KYC target operating model that will help us to simultaneously improve the client experience and reduce the cost impact of the regulatory KYC activities. Fenergo is the technology platform that will underpin this initiative.
bank-wide responsibility for CDD, client master administration and regulations ABN AMRO