Pictet bolsters fund servicing capabilities with Fenergo CLM

27th November 2024 – London – Fenergo, the leading provider of AI-powered solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), today announced Geneva-based investment group Pictet has deployed Fenergo’s CLM solution to further enhance its asset servicing capabilities.

FundPartner Solutions (Europe) SA, the Pictet Group’s European fund management company, is harnessing Fenergo’s platform to boost onboarding efficiency for its European clients and their end investors. Specifically, the move will see Pictet automate some of the manual processes associated with investor onboarding and lifecycle management. 

The company is also leveraging Fenergo’s solution as both a policy engine and a data repository, incorporating advanced anti-money laundering (AML) and KYC verification controls aligned with Pictet’s internal risk-based approach.

FundPartner Solutions (Europe) SA, offers a range of services to asset managers and investment funds, including fund administration, risk and compliance support, and investment operations assistance.

Dorian Jacob, CEO of FundPartner Solutions Europe, said:

“The migration of our Transfer Agent onboarding and client maintenance services to Fenergo represents a significant milestone in the technological evolution of our funds operations platform. This migration will not only digitalise several processes but also enhance efficiency, improve risk management, and address growing regulatory challenges. This implementation is a first step in our long-term commitment to offer our clients the highest level of services and digital experience available.”

Ruth Ormsby, Managing Director EMEA at Fenergo, added:

“As asset servicing experts navigate a fast-evolving regulatory landscape in Europe, we’re seeing unprecedented appetite for our CLM solutions among investment firms. Fenergo’s platform is now trusted by several of the largest asset management and asset services providers worldwide, making it the solution of choice for investor onboarding and lifecycle management.”

About Fenergo: 
Fenergo is the leading provider of AI-powered Client Lifecycle Management (CLM) solutions that digitally transform how financial institutions, asset management and fintech firms, and corporates onboard and manage clients throughout their client lifecycle. Its software digitally orchestrates every client journey from initial Know your Customer (KYC) and client onboarding, automating regulatory compliance and enabling continuous monitoring throughout the client lifecycle (transaction monitoring, perpetual KYC), all the way to client offboarding. Fenergo is recognized for its in-depth financial services and regulatory expertise and out-of-the-box rules engine which ensures financial institutions are future-proofed against evolving Environmental, Social and Governance (ESG), KYC, Anti-Money-Laundering (AML), tax and prudential regulations across 120+ jurisdictions.  
For further information about Fenergo, please visit: www.fenergo.com