Fenergo

Owned by Jakub Mormul (Deactivated)
Feb 16, 2018
4 min read



This tool has solely been researched by the WilsonHCG Innovation team.

Summary

About Fenergo

Fenergo is a leading provider of Client Lifecycle Management, AML/KYC Compliance and Client Data Management solutions for investment, corporate, commercial and private banks.

Every financial institution in the world is facing what we call a “perfect storm” i.e. spiralling levels of regulation which is putting additional pressure on banks to collect more data and documentation from clients, increasing the cost of compliance and seriously impacting operational efficiencies and client experience.

Fenergo’s software solutions enable financial institutions to solve the challenges of the “perfect storm” by streamlining the end-to-end Client Lifecycle Management processes (from regulatory onboarding, data integration, client and counterparty data management, client lifecycle reviews and remediation all the way to client offboarding etc.). Our solutions are proven to improve compliance, operational efficiencies, time to revenue and client experience.

Some of our clients include HSBC, BBVA, BNY Mellon, Westpac, Scotiabank and RBC Wealth … to name but a few.

Fenergo is fast becoming the industry standard for Client Lifecycle Management solutions. In 2015, Fenergo secured $85m in funding from Insight Venture Partners and Aquiline Capital Partners to accelerate its global footprint to help financial institutions in every corner of the world to address the regulatory, entity data and onboarding challenges.

Headquartered in Dublin, Ireland, Fenergo has offices in North America (Boston and New York), UK (London), Asia Pacific (Sydney, Singapore and Tokyo) and UAE (Abu Dhabi).


Compliance

SOLVE ALL REGULATIONS ON ONE PLATFORM

Financial institutions are facing into a regulatory storm of epic proportions. The volume of new requirements, the challenge of managing regional variations and tight implementation timeframes, set against the backdrop of astronomical and reputation-damaging financial fines and penalties, is creating a pressure pot of regulatory issues for investment, corporate and private banks.

HERE’S HOW WE CAN HELP

Fenergo’s Regulatory Compliance Management solution is designed to support regulatory compliance teams to comply with immediate regulatory challenges easily and efficiently, whilst future-proofing against continually evolving or newly introduced regulations. Click on the buttons on the right for more information on how Fenergo can help you comply with each regulation.

Our compliance solutions:

  • ANTI-MONEY LAUNDERING
  • KNOW YOUR CUSTOMER
  • REGULATORY RULES ENGINE
  • MARGIN REQUIREMENTS
  • MIFID II
  • TAX COMPLIANCE (CRS, FATCA, 871M)
  • OTC DERIVATIVES
  • REGULATORY CLIENT OUTREACH
  • KYC REVIEWS & REMEDIATION
  • RISK ASSESSMENT

Client Onboarding

SUPERIOR CLIENT LIFECYCLE MANAGEMENT

Financial institutions are operating in a perfect storm of increasingly stringent global regulatory obligations, which are demanding the collection, processing and evidencing of more client and counterparty data than ever before. Not only does this place a huge strain on data management, regulatory and onboarding teams, it also lengthens the time it takes to achieve compliance and onboard clients, leading to impacted client experience and time to revenue.

HERE’S HOW WE CAN HELP

Fenergo Client Lifecycle Management enables financial institutions to - not only weather but - positively thrive in this perfect storm. Fenergo’s lifecycle approach to client management means that our solution goes beyond initial onboarding and takes a lifetime view of the client, enabling the financial institution to perform data refreshes, ongoing due diligence and use the centralized data to support new regulatory obligations, as well as upsell and cross-sell opportunities. Click on the buttons on the right for more information on how Fenergo can help you manage the client lifecycle more efficiently and effectively.

Our Client Lifecycle Management solutions:

  • CLIENT LIFECYCLE MANAGEMENT
  • AML/KYC COMPLIANCE
  • CLIENT & COUNTERPARTY DATA MGMT
  • REGULATORY ONBOARDING
  • REGULATORY RULES ENGINE
  • REGULATORY CLIENT OUTREACH
  • CLIENT OFF-BOARDING
  • KYC REVIEWS & REMEDIATION
  • DATA INTEGRATION MANAGER

Client Data Management

MANAGE ALL CLIENT DATA THROUGHOUT THE CLIENT LIFECYCLE

To onboard a new client, it is estimated that between 5 and 100 documents must be collected to satisfy regulatory compliance requirements. However, without a centralized and automated data management and regulatory outreach approach, financial institutions must contact customers (often repeatedly) to submit data and documentation that may have previously been submitted, culminating in an overall negative customer experience.

HERE’S HOW WE CAN HELP

Fenergo’s Client & Counterparty Data & Document Management solutions are designed to improve efficiency of the regulatory evidentiary process for compliance without impacting client experience by automating data consumption and promoting re-use of existing client data and documentation across multiple business units and jurisdictions. Click on the buttons on the right for more information on how Fenergo can help you manage client and counterparty data processes more efficiently.

Our Data Management solutions:

  • CENTRALIZED CLIENT & COUNTERPARTY DATA
  • BENEFICIAL OWNERSHIP
  • REGULATORY CLIENT OUTREACH
  • DATA INTEGRATION MANAGER
  • LEGAL ENTITY HIERARCHIES
  • DOCUMENT MANAGEMENT
  • KYC REVIEWS & REMEDIATION

Digital Transformation Automation

DIGITALIZE YOUR CLIENT LIFECYCLE MANAGEMENT PROCESS

To capture market and mind share, financial institutions are under more pressure than ever before to ensure a superior onboarding and lifecycle management service experience to their clients. However, they are constrained from delivering on this promise mainly by internal challenges arising from disparate systems, unoptimized processes and lack of communication across the organization.

HERE’S HOW WE CAN HELP

For Fenergo, Digital Transformation is about re-imagining Client Lifecycle Management experiences for financial institutions and their clients. It’s about merging leading edge technology with process and people to deliver the ultimate client-centric experience – from compliance to data collection, to internal approvals, to onboarding, and to client management over time. If you’re thinking about digitalizing, transforming, automating your approach to Client Lifecycle Management, click on the buttons on the right for more information on how Fenergo can help you to achieve this.

Our Transformational & Automation Solutions:

  • CLIENT LIFECYCLE MANAGEMENT
  • REGULATORY RULES ENGINE
  • REGULATORY CLIENT OUTREACH
  • KYC REVIEWS & REMEDIATION
  • MANAGEMENT INTELLIGENCE & ANALYTICS
  • CLIENT PORTAL
  • DATA INTEGRATION MANAGER
  • ROBOTICS, AI & BLOCKCHAIN