Fenergo Voted Category Winner in KYC & Onboarding Solutions

DUBLIN, December 10, 2018 /PRNewswire/ --

Fenergo wins consecutive Data Management Review award for its CLM platform 

Fenergo, the digital enabler for financial institutions seeking digital transformation, today announces that its Client Lifecycle Management (CLM) platform won the know your customer (KYC) and Client Onboarding Solution Category at the Data Management Review 2018 Awards. Fenergo was voted the winner by a panel of experts at the world's leading financial institutions.

The award recognises Fenergo's deep track record of facilitating the digital transformation of financial institutions in their endeavor to improve customer experience and compete with market disruption. Fenergo's industry-leading CLM platform, regulatory rules engine, best-in-class partnerships and community-based approach to product development enables 70 of the world's leading financial institutions to onboard new customers faster, more compliant while achieving a shorter time to revenue. 

"We're pleased that our readership of 15,000 senior executives clearly rated Fenergo as the Best KYC and Client On-Boarding Solution and congratulate them on their prestigious award win," said Angela Wilbraham, CEO of A-Team Group.

The annual awards, now in their sixth year, are designed to recognise leading providers of data management solutions, services and consultancy to capital markets participants. 

Conor Coughlan, Fenergo, Chief Marketing Officer, said: "Financial institutions globally are challenged with constant KYC and AML regulatory change and the expectation to deliver exceptional customer experiences while keeping up with market disruption. This award from Data Management Review is testament to Fenergo's ability to digitally transform how financial institutions onboard new customers and products while improving end-client experiences and time to revenue."

To discover more about why Fenergo's CLM platform is award-winning or to review its digital library of industry awards and accolades click here: https://www.fenergo.com/company/awards-accreditations.html 

About 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. 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'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, 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.