Fenergo’s award-winning Client Lifecycle Management solution can change all of this by providing a single integrated platform that supports the data, documentation, rules and workflow challenges for regulatory client onboarding (including Know Your Customer, Customer Due Diligence, Anti-Money Laundering, FATCA, Dodd-Frank, EMIR and MiFID II), account opening workflow, data remediation and off-boarding.
Fenergo Regulatory Onboarding
Institutional client onboarding is a complex, problematic and oftentimes manual process, involving approvals across many different bank functions. Each newly onboarded client or account must comply with all global and local regulatory obligations. These increasingly stringent regulatory demands require vast amounts of data and documentation to support compliance initiatives, leading to significant time to revenue and operational efficiency challenges in financial institutions.