Fenergo, the leading provider of Client Lifecycle Management (CLM) software solutions for financial institutions, will deploy its flagship platform, Fenergo CLM, across Natixis’ Corporate and Investment Banking division globally. Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France.
Fenergo CLM delivers a standardized global Know Your Customer (KYC) policy and procedure. The robust, out-of-the-box regulatory framework spans Anti-Money Laundering (AML), KYC and other KYC classifications (such as MiFID II, FATCA, CRS, Dodd-Frank, EMIR, Canadian Derivatives, Margin Requirements, The Volcker Rule / Loi de Separation Bancaire, QDD/Hire Act (871M), Sec 15a6*, GDPR*) etc. Client and counterparty data and documentation are centralized, facilitating global regulatory rules and increasing the transparency of information across the KYC process, creating a single view of the client. This enables available client information to be reused, reducing the need for superfluous client outreaches.
Marc Vincent, Global Head of Corporate & Investment Banking at Natixis, said, “Our strategy is based around serving our clients’ needs, and our internal agility is central in this respect. By enhancing our processes through digital systems such as Fenergo’s CLM platform, we aim to provide the best possible experience, and ultimately the best possible financial solutions to our clients.”
Marc Murphy, CEO, Fenergo, commented, “With increasing regulatory change and the expectation to deliver an optimum customer experience (cx) we are seeing accelerated demand for CLM amongst financial institutions. Leveraging our platform clients like Natixis can enhance the end-client experience whilst fast-tracking opportunities for revenue.”
Greg Casey, Vice President, EMEA, Fenergo, said, “By joining the Fenergo global CLM platform, Natixis has become an active member of our client engagement community and will join our regulatory, design and CTO forums. Natixis will directly contribute to the Fenergo regulatory and product roadmaps, enhancing our solution set even further. I personally look forward to working closer with Natixis professionals to deliver the next generation of Client Lifecycle Management solutions.”
Fenergo is the No. 1 provider of Client Lifecycle Management (CLM) software solutions for financial institutions, counting 26 of the top 50 financial institutions in the world as clients. Its award-winning CLM suite transforms how sell-side banks and buy-side firms manage clients - from initial onboarding to KYC/AML and regulatory compliance, to client data management and ongoing lifecycle KYC reviews and refreshes. Fenergo CLM empowers financial institutions to deliver a faster, more efficient and compliant client experience and achieve a single client view across channels, products, business lines and jurisdictions.
Its rules-driven solution ensures compliance with multiple global and local regulatory frameworks including AML, KYC, Tax (CRS, FATCA, 871M), OTC Derivatives (EMIR, Dodd-Frank, MiFID II, Margin Requirements) and data privacy rules (GDPR). It supports the collection, centralization and sharing of client and counterparty data and documentation across the institution and deploys an API-first approach to advanced integration with a host of external KYC, AML and entity data providers, KYC and industry utilities. The solution is underpinned by next generation Artificial Intelligence, Robotics Process Automation and Machine Learning technologies, using advanced OCR and NLP capabilities to extract information, expedite compliance and improve operational efficiencies.
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