Asian private banker names Fenergo, the digital enabler of the client and regulatory technology for financial services as the best KYC and client onboarding solution of the year
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announced it has been awarded “Best KYC and Client Onboarding Solution” by the Asian Private Banker Technology Awards. This recognization is a testament to a powerful technology suite of Fenergo and the ability to ensure compliance with regulations relating to KYC and customer onboarding for financial institutions in APAC.
Fenergo is honored for its end-to-end CLM regulatory onboarding and entity data management processes, which includes a secure document exchange channel that allows input from the client and internal stakeholders. This removes data silos and centralizes materials that are needed while decreasing the number of requests to the customers. The proprietary intelligent rules-driven solution ensures compliance across multiple jurisdictions, and seamlessly integrates with a bank’s client relationship management (CRM) system. Fenergo’s CLM solution enables institutions to onboard clients 82% faster, improving the time to revenue while enhancing the overall client experience. With partnerships with Salesforce, Capgemini, PWC, Accenture, Refinitiv and many more, Fenergo has created a healthy ecosystem to provide clients with the best services and support available globally.
The presence of Fenergo in APAC has grown extraordinarily in the past years with new customers such as HSBC, Standard Chartered, Bank of China, ICBC, Macquarie, CBA and ANZ, and offices opening in Singapore, Tokyo, Sydney, Hong Kong, and Melbourne.
Greg Watson, Head of APAC, Fenergo said that “APAC financial institutions are still grappling with the ever-increasing regulatory burden of complex due diligence rules. To alleviate this, Fenergo’s CLM streamlines the collection, centralization and sharing of client and counterparty data and documentation across the institution to help onboard new clients faster. This recognition is a testament to Fenergo’s continued commitment to providing financial institutions with innovative and end to end onboarding solutions. We are honored to be recognized by Asian Private Banker.”
The Asian Private Banker Technology Awards are judged by their editorial team and recognize the most successful and powerful technology solution providers enabling digital transformation and business process change within Asian private banks and wealth managers. The accolade marks another honor for Fenergo, which has recently been awarded for Best Solution in Regulatory Change Management by Regulation Asia, won the ASIA Fintech Exporter of the Year by Deloitte and named a category leader in the Report of Chartis Research RiskTech100 2020.
