15th November 2019– Singapore, Dublin – Fenergo, a leading provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, has been awarded the Best Solution in Regulatory Change Management at the Regulation Asia Awards for Excellence 2019. The award follows a rigorous evaluation by a panel of industry experts of APAC-based financial regulation technology vendors that have helped shape the regulatory landscape in Asia Pacific (APAC) during 2019.
Fenergo was recognised for its track record in enabling financial institutions in APAC to digitalise Know your Customer (KYC) and Anti Money Laundering (AML) compliance processes and adhere to new and evolving regulation while optimising client experiences. The judging panel emphasise workflow traceability, and the availability of corresponding analytics and reporting for regulatory and compliance processes, prioritising solutions that empower compliance teams to manage regulatory change in a connected and structured manner, with speed, precision and confidence.
Fenergo was also Highly Commended in the KYC and Customer Onboarding award category. This accolade commends Fenergo for its ability to reliably ensure compliance with regulations relating to KYC and customer onboarding. This includes solutions that enable the effective identification of beneficial ownership of client entities, streamline the end-to-end Client Lifecycle Management process, and offer a personalised and secure customer experience.
With offices in Singapore, Hong Kong, Tokyo, Melbourne and Sydney, Fenergo has experienced rapid growth in APAC in the past 12 months as it continues to support financial institutions facing unrelenting regulatory change and scrutiny while improving customer experiences. Fenergo counts Australia’s four largest banks as clients as well as other tier one and two financial institutions based in Singapore, Hong Kong and Japan.
Greg Watson, Head of APAC, Fenergo, said:
“Fenergo’s proximity to our clients in APAC allows us to fine tune our CLM solution according to their exact global and regional regulatory and digital requirements. The award by Regulation Asia is testament to our ability to automate KYC and AML regulatory compliance processes, improve operational efficiencies and client experiences while accelerating time to revenue”