Singapore/Hong Kong, 15 December 2020 – Fenergo has won Best Solution in Client Lifecycle Management in the 3rd Regulation Asia Awards for Excellence 2020 in an online ceremony on 15 December 2020.
As a leader provider of digital onboarding and client lifecycle management technologies, Fenergo enables financial institutions to digitally transform their end-to-end client lifecycle processes and deliver a frictionless customer experience, while maintaining compliance with regulatory requirements.
Fenergo Client Lifecycle Management (CLM) is a unique combination of a sophisticated regulatory rules engine, an advanced workflow tool, and an entity data and document management solution. It is in use at more than 80 banks, a number of which are among the largest in the world.
By integrating with key bank systems, Fenergo CLM can store all data and documentation that exists across the institution in a central repository, creating a single client view and eliminating repetitive data requests. Further, the solution identifies missing data and documentation that needs to be obtained from customers to ensure compliance with regulatory requirements.
Fenergo’s rules engine connects with all major data providers to enrich customer data and make it available throughout the institution, effectively streamlining all entity data management processes. An intelligent rules-driven solution also ensures compliance with multi-jurisdictional regulatory requirements relating to KYC, AML, FATCA, and other rules.
“Fenergo digitally orchestrates customer journeys through every aspect of the client lifecycle from initial prospecting and digital account opening through to maintenance refreshes, new product onboarding, and ongoing due diligence,” said a judge on the awards panel. “It offers as complete and robust a client lifecycle management solution as I’ve ever seen.”
Fenergo is building out a new cloud based solution as well as new off-the-shelf product offerings for tier 2 institutions.
About the Regulation Asia Awards for Excellence 2020
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that have helped meet the challenges of the ever-changing and increasingly complex regulatory landscape in Asia Pacific. Each year, submissions are diligently evaluated and award winners selected by a panel of industry experts serving as judges.
The full list of award winners is available here.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 8,500 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.