Fenergo supports Generali Real Estate to digitalise client onboarding and streamline regulatory compliance
24th November 2022 – Fenergo, the leading provider of Know-Your-Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, is pleased to support Generali Real Estate, the specialized real estate asset manager part of the Generali Group, in deploying its SaaS-based CLM solution to address new European Union (EU) regulations and enhance client onboarding experiences.
Generali Real Estate, which has about €38 billion in assets under management (as of Q2 2022), has leveraged Fenergo’s SaaS CLM solution, across eight European countries to digitally onboard new clients and counterparties to real estate transactions. The Italy-headquartered, Europe-wide operating real estate asset manager will be able to streamline its due diligence process on counterparties in line with the EU requirements.
Generali Real Estate is the first real estate player in Italy to adopt Fenergo’s SaaS CLM solution for its onboarding and anti-money laundering (AML) due diligence processes, providing it with competitive edge while ensuring it meets compliance obligations. In addition, Generali Real Estate will experience all the benefits of a SaaS including rapid deployment, reduced total cost of ownership, availability, and operational agility.
Samah Mohamed, Chief Agility Officer at Generali Real Estate said:
“Our goal is to ensure our clients and counterparties experience minimum disruption and allow them to have their identities verified quickly and without friction, while allowing our employees to automate regulatory processes and continue focusing on value-add tasks.”
Stella Clarke, Chief Strategy & Marketing Officer, at Fenergo added:
“The real estate sector faces a growing need to carry out enhanced AML and KYC due diligence. Our SaaS CLM solution ensures that Generali Real Estate can be up and running with a digital end-to-end onboarding and KYC solution quickly and be able to gain adequate transparency on counterparties while ensuring client expectations for low-touch, digital interactions are met.”