Key Takeaways
- Fenergo specialises in client lifecycle management software for financial institutions.
- Its tools offer an end-to-end client lifecycle management solution including onboarding compliance, legal entity data management, product onboarding, collateral management and credit mitigants & collateral management.
- Regulatory technology that can handle ever-evolving compliance norms is a key offering of Fenergo.
- The Dublin-based enterprise software startup was established in 2009 by Marc Murphy.
Financial institutions around the world face growing challenges to ensure they remain compliant with evolving KYC, CDD, AML, TDSI, MiFID II, FATCA, and Dodd-Frank regulations. Existing systems can often fall short, leading to inefficiencies in client onboarding, and negatively impacting the client experience. For financial institutions looking for a solution, Dublin-based startup Fenergo could offer an answer.
Fenergo provides client lifecycle management software solutions specifically designed for corporate, investment, and private banks. The startup’s technologies span front and middle office operations, providing a seamless and integrated solution that ensures compliance while also boosting efficiency and enhancing the client experience.
What sets Fenergo apart is its holistic approach to client lifecycle management. Rather than focusing on a single aspect of the onboarding process, Fenergo’s software provides an end-to-end solution. It not only ensures regulatory compliance but also addresses legal entity data management, product onboarding, client servicing, and collateral management. This comprehensive coverage makes it a preferred solution for some of the world’s leading banks and prime brokerages.
Another unique aspect of Fenergo is its commitment to improving the client experience. Fenergo understands that streamlined and efficient onboarding is crucial to building confidence and maintaining strong relationships with clients. By automating many of the compliance and onboarding procedures, Fenergo’s software significantly reduces client set-up times leading to a more consistent and satisfying experience for banking clients.
Looking to the future, the need for regulatory technology that can handle ever-evolving compliance norms is only going to grow. Fenergo, with its comprehensive solution and commitment to enhancing the client experience, is well-positioned to be at the forefront of this growth. The company’s innovations have already received industry recognition, with their Client Onboarding Lifecycle Management solution earning the Good Accreditation standard for proven client satisfaction in 2012.
Startups like Fenergo are not only providing solutions to the growing compliance challenge faced by financial institutions but are also setting new standards for efficiency and client satisfaction within the industry. Interested in learning more about Fenergo and its offerings? Explore their website here. You can also follow them via their social media channels: Twitter, Facebook, and LinkedIn.
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