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

A-Team Insight Blogs

Fenergo Perpetual KYC Service Offers Operational Efficiencies, Reduced Costs and Risk

Subscribe to our newsletter

Fenergo has joined early providers of perpetual KYC services with Smart Review, a solution designed to enable financial institutions to streamline periodic KYC review processes and reduce costs through automation.

Smart Review automates the continuous monitoring of client profiles for KYC compliance by identifying all changes to relevant entity data, transactions and anti-money laundering (AML) screening. It assesses the risk impact of these changes to client circumstances while automatically determining relevancy and materiality. This allows lower-risk cases to be straight through processed while higher-risk cases are prioritised for enhanced due diligence by an analyst.

The solution is available globally to financial institutions and is a modular addition to Fenergo’s Software as a Service (SaaS) client lifecycle management (CLM) offering. It is pre-configured with integrations to leading data and screening providers.

“The requirement to complete ongoing KYC reviews manually for a bank with hundreds of thousands of clients presents a huge and costly operational burden, particularly when genuine key risk factor changes are minimal,” says Stella Clarke, chief strategy officer at Fenergo. “With Fenergo Smart Review, financial institutions can streamline the KYC review process by automating the continuous monitoring of clients. This ultimately improves operational efficiencies, while reducing operating costs and regulatory risk.”

Financial institutions are mandated to review every customer relationship on a periodic basis in line with global and national KYC regulatory requirements. A recent study by Fenergo describes a people-driven, labour-intensive process. It found that over half of financial institutions are spending between 61 and 150 days on KYC client reviews and the average cost of a single review is $2,200.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Generative and Agentic AI in Financial Markets: What the Data Really Shows

Date: 15 October 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Artificial intelligence is reshaping financial markets – but the reality on the ground is more nuanced, more uneven, and more instructive than the headlines suggest. A new A-Team Insight research programme, drawing on responses from senior AI decision-makers at...

BLOG

EBA Framework 4.3 Maps the Data Behind AMLA’s First Risk Assessment

The European Banking Authority’s Reporting Framework 4.3 gives financial institutions their first machine-readable view of the data that will support the EU’s selection of firms for direct anti-money laundering supervision. Published earlier this month, the framework marks an intermediate step towards the first formal risk-assessment and selection exercise by the Authority for Anti-Money Laundering and...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...