Fenergo

Fenergo is the digital enabler of client and regulatory technology for financial services. It provides Client Lifecycle Management (CLM) software solutions for Financial Institutions including; Corporate & Institutional Banking, Commercial & Retail Banking, Asset Management, Private Banking & Wealth Management.

Company Insights

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Getting to grips with GDPR: Record-keeping, data erasure and client offboarding

2nd November 2017

On May 25th, 2018, a mere eight months away, the biggest overhaul of EU data protection law will come into force for all EU Member States with the introduction of the General Data Protection Regulation (GDPR). GDPR will impose substantial financial penalties on firms who fail to meet the new rules on the management of personal data of EU...
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MiFID II: The 100 day countdown begins

27th September 2017

With just over 100 days to go before MiFID II must be implemented, Laura Glynn, Fenergo Director of Regulatory Compliance, assesses the impact that this wide-ranging regulation is set to have on client onboarding and lifecycle management processes for banks in Europe and all over the world. Initially scheduled for implementation on January...
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MiFID II: Six significant changes for Client Lifecycle Management

13th September 2017

The Markets in Financial Instruments Directive II (“MiFID II”) aims to improve current European legislation by introducing further transparency into financial markets and extending increased protection to investors. The incoming directive will add increased complexity to the Client Lifecycle Management process for banks within the EU,...
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Managing regulatory data for faster compliance and client onboarding

10th May 2017

It’s been a calamitous few years for banking. Between unprecedented fines for non-compliance and the incessant onslaught of regulatory pressures, it’s been one controversial crisis after another. Banks really need to get back to the business of banking. That means onboarding new clients, upselling and cross-selling more efficiently,...
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Fintech's role in improving the KYC client review process

10th April 2017

Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations dictate that financial institutions must ensure that they know their clients and verify their identities with appropriate data and documentation that proves that their clients are who they say they are, are not involved or related to anyone involved in money...
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FinCEN Final Rule vs 4th EU Money Laundering Directive

14th March 2017

Laura Glynn , Global Regulatory Affairs Manager, Fenergo In May 2016, the Financial Crimes Enforcement Network (FinCEN) issued its long-awaited beneficial ownership rule with respect to customer due diligence requirements. Initially proposed in 2014, it was finally published as part of a wider range of reforms intended to counter money...