Fenergo’s CLM solution with intelligent orchestration enables financial institutions to achieve a 360-degree client view, automate Know Your Customer (KYC) and Anti Money Laundering (AML) compliance processes and deliver a streamline digital customer onboarding experience.
Cormac Sheedy, Head of MENA Sales, said:
“This award is testament of our commitment to delivering best-of-breed technology solutions for client onboarding to banks and financial institutions across the United Arab Emirates and Middle East region. The onset of the pandemic has forced financial institutions everywhere to accelerate digital transformation to respond to client needs more rapidly. Fenergo’s continued focus on delivering innovative solutions empowers financial institutions to accelerate client onboarding and streamline compliance processes so that they can enhance client experience and achieve competitive advantage in today’s challenging business environment.”
Wealthbriefing MENA Awards Judges said:
“We are particularly impressed that the winner has developed a Remote Account Opening Solution that allows Banks to digitally onboard clients which is particularly useful in pandemic times. Its intelligent rules-driven solution provides companies regulatory proof ensuring compliance across all frameworks including KYC, AML, FATCA and global OTC derivative rules, and the SFTR in 100 jurisdictions. The winner’s solution encompasses a sophisticated regulatory rules engine, an advanced workflow tool, and entity data and document management features leveraging AI. “
Fenergo recently won awards for Best On-Boarding and Best Compliance at the Wealthbriefing European Awards.
About Fenergo (https://www.fenergo.com/)
Fenergo is the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions. Its software digitally transforms and streamlines end-to-end CLM processes - from regulatory onboarding, data integration, client and counterparty data management, client lifecycle reviews and remediation, all the way to client offboarding. Fenergo is recognised for its in-depth financial services and regulatory expertise, community-based approach to product development and out-of-the-box rules engine which ensures financial institutions are future-proofed against evolving Know Your Customer (KYC), Anti-Money-Laundering (AML), tax and OTC derivatives-based regulations across 100 jurisdictions. Fenergo recently expanded into new markets including asset and wealth management, private, retail, business and commercial banking and has over 80 global clients.