Fenergo Accelerates Expansion into Commercial and Retail Banking
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Appoints James Follette to implement growth strategy
26 February 2019 – Fenergo, the leading provider of digital Client Lifecycle Management solutions (CLM) for financial institutions, has announced the appointment of James Folletteas the Global Head of Commercial and Retail Banking. Formerly responsible for client onboarding and know your customer (KYC) transformation at Citi, James will drive growth and deliver on Fenergo’s strategic objective to provide innovative CLM solutions that digitally transform client journeys within retail and commercial banks.
Fenergo has extended its capabilities into commercial and retail banking in response to client demand for its market leading CLM solutions for onboarding, account opening, maintenance and offboarding, across all business lines.
Banks seeking to improve customer experience and the end-to-end client journey will achieve agile and frictionless onboarding enabled by Fenergo’s industry-leading API-first CLM solution, cloud-based rules engine and verification tools. Customers will benefit from Fenergo’s partnerships with leading data providers and systems integrators as well as its deep expertise in KYC and anti-money laundering (AML). Coupled with Fenergo’s community-based approach to product development, financial institutions will achieve compliance-by-design and be future-proofed against evolving regulation.
Marc Murphy, CEO, Fenergo, said: “Fenergo’s heritage as a digital disruptor in the Corporate and Institutional Banking (CIB) space has allowed us to organically extend our capabilities into new segments. Our platform is already in use by several retail and commercial clients seeking to digitally transform all client orchestration events across all lines of business. As we engage with our retail and commercial customers, we will continue to invest in our platform to improve the lifetime value of the end client through enhanced customer experiences, ensuring that banks remain compliant across all regulations.”
James Follette, Global Head of Commercial and Retail Banking, Fenergo, said: “Banks in commercial and retail banking are experiencing unprecedented change as challenger banks crowd the market and regulation increases in complexity. The pressure is on to optimise the customer experience and ensure client and product onboarding is frictionless. Customers expect to open an account in minutes not weeks. Fenergo’s out-of-the-box CLM solution is perfectly placed to enable banks to onboard new customers faster, improve customer experience and lead the charge in the fight against financial crime.”
James previously held roles at Citi and IBM where he was responsible for implementing client onboarding transformation initiatives and overcoming regulatory challenges. James will report directly into Fenergo’s CEO Marc Murphy.
To learn more about Fenergo’s Commercial, Business and Retail proposition click here.
Fenergo (www.fenergo.com)
Fenergo is the digital enabler of client and regulatory technology for financial services. It provides digital Client Lifecycle Management (CLM) software solutions for Financial Institutions including; Corporate & Institutional Banking, Commercial & Retail Banking, Asset Management, Private Banking & Wealth Management. Counting 70 global Financial Institutions as clients, its award-winning CLM suite digitally transforms how Financial Institutions manage clients; from initial onboarding to KYC/AML and regulatory compliance, to data management and ongoing lifecycle KYC reviews and refreshes. Fenergo CLM empowers financial institutions to deliver a faster, compliant and frictionless customer experience while achieving a single client view across channels, products, business lines and jurisdictions.
Fenergo’s community-based approach to product development allows clients to collaborate on solution design on a global scale. Its rules-driven solution ensures compliance with multiple global and local regulatory frameworks including AML, KYC, SFTR, Tax (CRS, FATCA, 871M), OTC Derivatives (EMIR, Dodd-Frank, MiFID II, Margin Requirements) and data privacy rules (GDPR). It supports the collection, centralization and sharing of client and counterparty data and documentation across the institution and deploys an API-first approach to advanced integration with a host of external KYC, AML and entity data providers, KYC and industry utilities. The solution is underpinned by next generation Artificial Intelligence, Robotics Process Automation and Machine Learning technologies, using advanced OCR and NLP capabilities to extract information, expedite compliance and improve operational efficiencies.