Data Management Insights Award marks eight award win for Fenergo this year
Fenergo, the leader in digital Client Lifecycle Management (CLM) solutions, has been awarded Best Know Your Customer (KYC) and Client On-boarding Solution at the 2019 Data Management Insight Awards. The award follows a long line of wins for Fenergo in 2019 including the Deloitte Financial Services Innovation Award, the Chartis RiskTech100 award for Best CLM and KYC Solution, Regulation Asia Award for Best Solution for Regulatory Change Management and the WealthBriefing MENA Award for Best Onboarding Solution, amongst others.
The award recognises Fenergo for its track record in digitally transforming and automating KYC processes, streamlining client onboarding and accelerating time to revenue within capital markets.
Angela Wilbraham, CEO of A-Team Group, said "Congratulations to Fenergo on their success as the Best KYC and Client On-Boarding Solution for 2019, as rated by our cross-platform readership of over 20,000 senior technology officers and data specialists. In a highly competitive marketplace this prestigious award represents an admirable achievement".
Conor Coughlan, Chief Marketing Officer, Fenergo, said: “With financial crime on the rise financial institutions are under increasing pressure to comply with evolving regulation while meeting expectations to provide a digital, streamline client experience. Yet a lack of transparency, poor data management and manual processes makes KYC and anti-money laundering (AML) compliance increasingly challenging, driving customers away as a result. Fenergo is committed to developing innovative and market leading solutions that not only address these challenges but future-proof financial institutions from changing regulation in the fight against financial crime. We are thrilled to be recognised by the A-Team Group’s Data Management Insights Awards and others as the market leader for CLM and KYC.”
For further information about additional awards and accolades Fenergo has won click here.
Fenergo is the digital enabler of client and regulatory technology for financial services. It provides digital Client Lifecycle Management (CLM) software solutions for Financial Institutions including; Corporate & Institutional Banking, Commercial & Retail Banking, Asset Management & Asset Servicing, Private Banking & Wealth Management. Counting 70+ global Financial Institutions as clients, its award-winning CLM suite digitally transforms how Financial Institutions manage clients; from initial onboarding to KYC/AML and regulatory compliance, to data management and ongoing lifecycle KYC reviews and refreshes. Fenergo CLM empowers financial institutions to deliver a faster, compliant and digital customer experience while achieving a single client view across channels, products, business lines and jurisdictions. Fenergo is quickly becoming the KYC backbone for banks, where a common set of Fenergo KYC services are being leveraged across the bank agnostic of business vertical, product, jurisdiction or client type. This backbone trades increasing complexity for well-designed simplicity.
Fenergo’s community-based approach to product development allows clients to collaborate on solution design on a global scale. Its rules-driven solution ensures compliance with multiple global and local regulatory frameworks including AML, KYC, SFTR, 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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