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Asian Private Banker Names Fenergo as the Best KYC and Client Onboarding Solution of the Year

25th February 2020Fenergo, 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 accolade is testament to Fenergo’s powerful technology suite and ability to ensure compliance with regulations relating to KYC and customer onboarding for financial institutions in APAC.

Fenergo is recognized for its end-to-end CLM regulatory onboarding and entity data management processes, which includes a secure document exchange channel that allows input from client and internal stakeholders. This removes data silos and centralizes required materials, while reducing the number of requests to the client. 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.

Fenergo’s presence in APAC has grown exponentially in the past years with new clients such as HSBC, Standard Chartered, Bank of China, ICBC, Macquarie, CBA and ANZ, and offices opening in Tokyo, Singapore, Hong Kong, Sydney and Melbourne.

Greg Watson, Head of APAC at Fenergo, said:

“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 honoured to be recognized by Asian Private Banker.”

Steve D’Souza, Global Head,Private Banking and Wealth Management said:

“We are delighted to be recognized by Asian Private Banker for our proven track record in streamlining client onboarding and KYC compliance for APAC private banks. The industry has reached a crossroads where customers expect and demand digital experiences yet evolving regulatory compliance and an over reliance on manual processes prevents this. Working with our client community and regulatory experts, Fenergo is committed to delivering solutions that meet the regulatory and technology requirements specific to private banks across APAC.”

The Asian Private Banker Technology Awards are judged by their editorial team, and recognise 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 honour 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 category leader in Chartis Research RiskTech100® 2020 Report.