Robotics, AI & Blockchain
Applying intelligent and automated firepower to AML / KYC & regulatory compliance, data management and client onboarding
In an un-automated world, the first response to ensuring compliance throughout the client lifecycle very often involves applying brute force to the problem – i.e. add more headcount to conduct reviews and compliance checks, swamping highly qualified resources with mundane, repetitive and non-value adding tasks.
Transform Compliance, Data & Onboarding with Robotics
Financial institutions need to dispense with the traditional business model and embrace a transformative process of re-imagining how compliance, data management and onboarding can be revolutionized and made more efficient.
Fenergo has created a suite of robotics and artificial intelligences solutions designed to digitalize various Client Lifecycle Management processes to create increased efficiencies and reduce associated regulatory cost pressures.
Fenergo Robotic Process Automation (RPA) solutions suite enable financial institutions to further automate routine Anti-Money Laundering (AML) and Know Your Customer (KYC) processes, dramatically improving operational efficiencies and resource utilization.
Fenergo RPA enables financial institutions to automate repetitive, non-value adding and data intensive tasks, giving employees back time to focus on higher value, client-centric activities. In this way, banks can reduce task handling times, reduce error rates, lower costs, improve onboarding and compliance times, and enhance time to revenue.
It can help in the following ways:
- Client Data Capture
- Regulatory Client Classification & Evidencing
- AML / KYC Compliance
- Document Processing
- Workforce Management
CLIENTS WHO TRUSTOUR SOFTWARE SOLUTIONS
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.
John Healy 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.
Erica Benjamin 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.