Fenergo Enhances Regulatory Rules Engine for Timely, Consistent Compliance
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
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
Fenergo optimizes performance and scalability of its Regulatory Rules Engine to help financial institutions implement timely and consistent compliance processes for a wider range of new and enhanced regulatory obligations.
Fenergo, the leading provider of Client Lifecycle Management software solutions for investment banks and capital market firms, has announced the launch of its enhanced Regulatory Rules Engine to help financial institutions maximize control over regulatory and operational decisions and processes.
Fenergo’s Regulatory Rules Engine enables financial institutions to comply with a wide range of regulatory frameworks based on a single, out-of-the-box repository of rules. These include compliance with global Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations (such as Patriot Act, 3rd EU Money Laundering Directive, FINRA Rules, FATF etc.) and a growing number of newer regulations (such as FATCA, CRS and global OTC derivative reform regulations like Dodd-Frank, EMIR, MiFID II, Canadian and APAC Derivative rules).
The latest release of Fenergo’s Regulatory Rules Engine has been further optimized for performance and scalability, with additional functional enhancements made to support business requirements. The updated version now covers a wider range of enterprise edition application servers to suit clients’ preferences including Apache Tomcat, IBM WebSphere Application Server, Glassfish and Oracle Weblogic Server.
“Time and consistency is a prevalent issue in compliance processes for financial institutions,” explains Joe Dunphy, Fenergo’s VP Product Management. “Compliance takes too long to complete, often involving interpretation of regulations and determination of what is required to comply with them. This makes client onboarding a much longer process and stretches time to revenue”.
In a recent study commissioned by Fenergo, it was found that it can take up to 34 weeks to onboard a new client and may cost up to $25,000 per client to complete the process. Furthermore, the study identified client experience as a top challenge facing financial institutions, predominately due to banks making repeated requests for submission of client data and documents to support the compliance.
“By implementing a regulatory rules engine, financial institutions can identify early on in the process all the regulations, classifications, risk-based assessments, data and documentation that need to be complied with, performed and collected. In doing so, regulatory interpretation can be greatly reduced and a more consistent and streamlined compliance process delivered across all clients, business lines and jurisdictions. It also creates an improved client experience by eliminating the need for repeated client information requests,” adds Dunphy.
A future-proofed solution, Fenergo’s regulatory Rules Engine enables financial institutions to keep up with an ever-evolving regulatory landscape. It is available as an integrated solution with Fenergo’s Client Lifecycle Management and Regulatory Onboarding solutions and is also available as a standalone Rules Engine by integrating with existing third party or in-house-built client onboarding, BPM and KYC compliance solutions.