GoodAccredited Standard Synonymous with High Quality Solutions
June 17th, 2014 – Dublin, Ireland – Fenergo, the leading provider of Regulatory Onboarding, Entity Data Management and Client Lifecycle Management solutions for financial institutions, has today announced it has received the GoodAccredited Standard for the third consecutive year.
The GoodAccredited Standard is awarded each year to products and services that meet a high quality standard. Commenting on the accreditation, Marc Murphy, Fenergo CEO, said, “We are delighted to have achieved the GoodAcredited Standard for the third year in a row. With 100% focus on financial services, particularly investment banks and capital market firms, we have invested deeply in the Fenergo suite of solutions spanning Client Lifecycle Management, Regulatory Onboarding and Entity Data Management. Individually, these solutions solve a pressing challenge for financial institutions. Together, they connect once-functionally distinct but highly interdependent areas of financial institutions – enterprise data management, regulatory compliance and client onboarding operations – to create a truly optimized end-to-end platform solution that ensures lifetime compliance through a single client view and improved time to revenue”.
Fenergo’s Client Lifecycle Management solution:
- Utilizes a sophisticated rules engine to drive the regulatory compliance and entity data and documentation demands;
- Harvests all client and counterparty data and documentation across the financial institution to create a single, consolidated view and promote data / documentation re-usability;
- Ensures compliance across a range of regulatory frameworks (from KYC and AML, to Dodd-Frank, FATCA, MiFID II, EMIR);
- Onboards clients and products more efficiently, improving time to revenue;
- Ensures lifetime compliance with all relevant regulations through ad-hoc / regular reviews and event-triggered compliance refreshes.
This announcement follows Fenergo’s double-award win at the Inside Reference Data Awards for Best Enterprise Data Management Initiative for a Vendor and Best Enterprise Data Management Initiative for a User (in collaboration with its client, Scotiabank).
The GoodAccredited Standard is organized by Systems in the City, a single source of reference for regulated companies researching computer services, data feeds and third party clearing. Systems in the City is maintained by Goodacre, the leading specialist consultancy firm operating within the financial services sector.
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For more information, please contact:
Fiona McLoughlin, Head of Marketing, Fenergo
T: +353 1 9013600
About Fenergo (www.fenergo.com):
Fenergo is an award-winning provider of enterprise Client Lifecycle Management platform solutions designed to help financial institutions to manage the end-to-end regulatory onboarding process – from onboarding, to management of client and counterparty data and regulatory compliance with existing and emerging regulations.These solutions simplify and rationalize often complex operational interactions of client lifecycle management by orchestrating onboarding, regulatory compliance and KYC activities across all touch-points within the bank. Fenergo’s accolades include Best Enterprise Data Management from Inside Reference Data (2014), Technology Innovation of the Year Award by the ISA (2013) and Best Customer Onboarding Solution by the Compliance Register (2012). For more information on Fenergo’s Regulatory Onboarding solutions, check out its new animated video illustrating the Regulatory Onboarding process – http://www.youtube.com/watch?v=HWMLXXJU-RY.