Fenergo reveals client lifecycle management software: Rules as a Service

Fenergo, has revealed a plug and play solution to enable financial institutions to integrate its regulatory rules capabilities into their existing client lifecycle management digital platforms.

The solution is designed to support  evolving regulations including KYC, AML, Foreign Accountant Tax Compliance Act (FATCA), Common Reporting Standard (CRS), Securities Financing Transaction Regulation (SFTR),  GDPR and MiFID ii.

Rules as a Service is available as an on-demand repository of local and global rules for financial institutions. Hosted on Amazon Web Services, the API-enabled rules engine utilises client data in rules calculations and leverages Fenergo’s regulatory content.

The solution is applicable to financial institutions seeking a digital solution for their Know your Customer (KYC), Anti Money Laundering (AML) and regulatory requirements across all jurisdictions.

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The client lifecycle management solution, also available on-premise, allows financial firms to focus on improving digital client experiences with the confidence that their regulatory and compliance obligations are adhered to.

A recent study by Fenergo showed that the improvement of data and document capture for customer experience is the number one critical issue banks are trying to address. Complying with KYC regulations ranks as the second most critical issue.

Greg Watson, Global Head of Sales, Fenergo, said: “Banks and financial institutions are undergoing a major shift where the experience their customers receive now takes precedence. Simultaneously we’re seeing increasing demand for an out-of-the-box rules engine that would complement existing CLM infrastructures. Fenergo’s externally validated Rules as a Service supports financial services providers in complying with regulatory obligations while liberating them to focus on the delivery of optimum customer experiences.”

Sang Lee, Co-Founder and Managing Partner, Aite Group, said: “Financial institutions are under increased pressure to improve customer experiences while at the same time keep up with complex regulatory requirements. Fenergo’s heritage as a leader in regulatory technology makes it perfectly placed to support financial firms in their digital transformation journeys while helping them keep on top of compliance.”




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Michael Baxter

.Michael Baxter is a tech, economic and investment journalist. He has written four books, including iDisrupted and Living in the age of the jerk. He is the editor of Techopian.com and the host of the ESG...

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