About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Fenergo Combines KYC and Transaction Compliance to Provide Real-Time Customer Intelligence

Subscribe to our newsletter

Fenergo has released KYC & Transaction Compliance, an offering for fintechs – and later financial institutions – that combines the company’s KYC and transaction monitoring solutions to provide a single, integrated SaaS solution that continuously monitors customer profiles and detects suspicious transaction activities, including money laundering and terrorist financing, in real time.

KYC & Transaction Compliance for fintechs will debut in APAC and be more broadly available to financial institutions later this year.

By connecting KYC and transaction data, siloes across fintechs’ monitoring tools are eliminated, providing a holistic, 360-degree view of each customer profile, which receives continuous updates from entity data providers, screening providers, and transaction systems. A single API consumes data from these sources, allowing low-latency AI technology to rapidly analyse complex historical transaction data and flag suspicious activity. This should reduce false positives, saving fintechs time and money, and ensure their compliance with regional anti-money laundering (AML) regulations.

Christian Roberts, vice president of product at Fenergo, says: “The best way to protect against smarter crime is to deploy smarter tech. Our offering allows fintechs to gain the operational benefits of Fenergo’s KYC solution, along with AI-driven transaction analysis, to enable smarter, real-time transaction compliance.”

Insights from the transaction monitoring system can trigger events such as enhanced due diligence checks, a KYC data refresh, or adjusted risk ratings based on the outcome of true positive alerts, ensuring customer profiles stay up to date instantaneously.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: AI in Asset Management: Buy-Side Attitudes toward GenAI and LLMs

Date: 8 October 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Since ChatGPT exploded onto the scene in late 2022, financial markets participants have been trying to understand the opportunities and risks posed by artificial intelligence and in particular generative AI (GenAI) and large language models (LLMs). While the full...

BLOG

5 Recurring Themes from Comms Surveillance (Q1-2024)

Communications surveillance came under focus in two sessions at the recent A-Team Group Trading Technology Summit in London in February.  During a morning Keynote session, Andrew Delaney, President and Chief Content Officer at A-team sat down with Paul Liesching, Chief Revenue Officer at 1Global to discuss “Navigating the Complexity of Communications Surveillance.”  An afternoon panel...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...