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 Launches New Rules-as-a-Service Solution

Subscribe to our newsletter

Client lifecycle management software provider Fenergo has launched a new cloud-based Rules-as-a-Service solution to futureproof financial instititions against evolving regulatory requirements. The plug and play solution will enable financial institutions to integrate Fenergo’s current regulatory rules capabilities into their existing digital platforms.

A recent study by Fenergo suggests that the improvement of data and document capture for customer experience is the number one critical issue banks are currently trying to address, while compliance with KYC regulations ranks as the second most critical issue, making the new launch particularly pertinent in today’s environment.

Available as an on-demand repository of local and global rules for KYC, AML and regulatory requirements across all jusrisdictions, the solution is available both through the cloud and on-premise. Hosted on Amazon Web Services, the configurable API-enabled rules engine utilizes client data in rules calculations and leverages Fenergo’s existing regulatory content, providing financial firms with a compliance solution covering evolving regulations including KYC, AML, Foreign Accountant Tax Compliance Act (FATCA), Common Reporting Standard (CRS), Securities Financing Transaction Regulation (SFTR), GDPR and MiFID II.

“Banks and financial institutions are undergoing a major shift where the experience their customers receive now takes precedence,” says Greg Watson, Fenergo’s Global Head of Sales. “Simultaneously we’re seeing increasing demand for an out-of-the-box rules engine that would complement existing CLM infrastructures.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to automate entity data management and due diligence to ensure efficiency, accuracy and compliance

Requesting, gathering, analysing and monitoring customer, vendor and partner entity data is time consuming, and often a tedious manual process. This can slow down customer relationships and expose financial institutions to risk from inaccurate, incomplete or outdated data – but there are solutions to these problems. This webinar will consider the challenges of sourcing and...

BLOG

Ex-BoFE Haldane’s Headache Amplifies Banking’s PEPplexity

By Rory Doyle, Head of Financial Crime Policy at Fenergo. Just when you thought the drama was over after the Nigel Farage-Coutts saga, along comes another high-profile figure to re-shine a spotlight on a problem that refuses to disappear. Andy Haldane, a former bigwig at the Bank of England, is the latest to be denied a...

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

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...