Monetary compliance software program firm Fenergo has teamed up with PwC.
The partnership is designed to deliver AI-powered CLM and KYC options to extra monetary establishments around the globe.
Fenergo made its Finovate debut at FinovateEurope 2012. PwC gained Better of Present in its Finovate debut at FinovateFall 2021.
Fenergo and PwC have introduced a brand new partnership that may assist put Fenergo’s AI-powered Consumer Lifecycle Administration (CLM) and Know Your Buyer (KYC) options within the palms of extra monetary establishments. The mix of PwC’s monetary crime experience with Fenergo’s AI-powered CLM know-how right into a single providing will make it simpler for monetary establishments to digitally rework their monetary crime operations.
Fenergo’s International VP for Partnerships and Alliances Matt Edwards mentioned that the collaboration between the 2 companies will “ship an optimum goal working mannequin for CLM.” Edwards added that the answer “empowers monetary establishments to effectively mitigate monetary crime danger whereas driving development and effectivity features.”
Fenergo’s CLM helps be certain that monetary companies companies notice tangible advantages and return on funding from the digital transformation of their consumer administration and compliance processes. The platform offers sooner consumer onboarding, together with streamlined onboarding for low-to-medium danger purchasers; improved operational efficiencies with fewer touchpoints; policy-driven correct danger assessments aligned with regulatory necessities; and a lowered whole value of possession because of superior API integrations.
Complementing Fenergo’s CLM know-how are PwC’s Goal Working Mannequin design, end-to-end buyer expertise journey mapping, operational readiness, information migration, techniques integration, and enterprise change administration.
PwC Associate Mark Hunter highlighted Fenergo’s know-how as “uniquely positioned to serve mid-market to massive multinational organizations.” Hunter praised the corporate’s platform for its “scale, flexibility, and superior capabilities” that assist establishments higher handle advanced regulatory environments and enormous volumes of transactions.
A UK-based multinational assurance, advisory, and tax companies supplier, PwC counts greater than 85% of the International Fortune 500 firms as its purchasers. PwC maintains places of work in 152 nations and reported gross revenues of greater than $55 billion for the yr ending 30 June 2024. The corporate participated in Finovate’s developer convention, FinDEVr SiliconValley 2016, and gained Better of Present at FinovateFall 2021 for an indication of Buyer Hyperlink, its buyer information platform that helps establishments construct higher, extra personalised experiences.
Dublin, Eire-based Fenergo made its Finovate debut at FinovateEurope 2012. The corporate provides simplified consumer and product onboarding, automated AML and KYC due diligence, and a centralized CLM platform that helps monetary establishments, asset administration, and fintechs handle clients all through the complete consumer lifecycle.
Fenergo’s partnership information with PwC comes a number of days after the corporate introduced the launch of its all-in-one KYC, onboarding, and commerce request administration platform for companies within the power and commodities sector. The brand new Dealer Request Portal combines KYC, onboarding, and commerce request administration capabilities.
Picture by Mark Dalton
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