Fenergo Regulatory Rules Engine brings together - in one repository – all the content, intelligence and rules required to support best practice compliance with global AML/KYC, Tax and OTC derivatives-based regulations
The ever-evolving regulatory landscape is forcing financial institutions to solve multiple regulations and compliance rules simultaneously. Each of these regulations dictate a different set of data, documentation and regulatory classification requirements, putting increased pressure on already stretched compliance, data management and onboarding teams.
Fenergo Regulatory Rules Engine provides an out-of-the-box repository of rules, which can be easily configured by financial institutions to future-proof against evolving regulatory and operational requirements. The Rules Engine supports the regulations required for investment, corporate and private banks to be compliant, including:
Gain agility and maximize operational efficiency by centralizing onboarding and client lifecycle management across multiple jurisdictions and lines of business.
Improve Time to Revenue
Expedite client onboarding and ensure best-practice compliance with our rich regulatory rules engine and sophisticated workflow capabilities.
Enhance Client Experience
Provide a more consistent, digital experience across all customer-facing channels powered by a seamless, 360-degree view of each client.
Solve Regulatory Obligations
Ensure compliance with a wide range of global and regional AML, KYC and Tax regulations across the entire length of the client lifecycle.
Implementing Rules-Driven, Risk-Based Regulatory Onboarding and KYC Processes
Fenergo has developed a sophisticated Business Rules Engine (BRE), which brings together regulations across global jurisdictions in one engine to support the KYC, due diligence and regulatory classification requirements across the main banking centres globally.
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
The Path to Client Lifecycle Transformation is Paved with RegTech
While regulatory compliance will remain at the forefront of banking operations, RegTech has enabled financial institutions to manage this and lead the change towards a better, more efficient and client-centric way of doing business.
MiFID II: 6 Key Changes for CLient Lifecycle Management
With a little over six months to go before MiFIID II must be implemented, Laura Glynn, Fenergo Director of Regulatory Compliance, examines the impact that this wide-ranging regulation will have on client onboarding and client lifecycle management processes for banks in Europe and all over the world
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 with ABN AMRO,
The global regulatory challenge is one that continues to evolve and grow. It’s more of a journey than a destination. Therefore, it is important to find the right solutions partner to travel along that journey with you and provide the guidance needed to navigate the path ahead. We found such a partner in Fenergo
Director, Operations & Technology for Global Banking & Markets division of Scotiabank