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Fenergo Offers Client Onboarding Efficiencies with API-based Digital Client Orchestration
Fenergo continues to innovate with Digital Client Orchestration, a suite of customer lifecycle management (CLM) tools the company claims can enable efficiencies of up to 82% in client onboarding. The solution uses APIs to allow Fenergo functionality to be plugged into any front, middle or back office system including customer relationship management applications, such as…
How to Source and Manage Data for FRTB – The Challenges and Opportunities
Sourcing and managing data for Fundamental Review of the Trading Book (FRTB) compliance is no mean feat, but there are options and choices to be made as firms within the scope of the regulation build out compliance programmes ahead of its January 2022 deadline. A panel session at A-Team Group’s recent FRTB briefing in London…
GLEIF Partners XBRL to Offer Benefits of Embedding LEIs in Machine-Readable Financial Documents
The Global Legal Entity Identifier Foundation (GLEIF) continues to add use cases of the LEI beyond regulatory compliance, this time through a partnership with XBRL International that allows LEIs to be embedded in digital, machine-readable financial documents. Demonstrating the partnership, the GLEIF has published its 2018 annual report in human and machine-readable Inline XBRL and…
An Update on the LEI – Where Are we Now?
There are mixed views in our industry about the success of the Legal Entity Identifier (LEI) – questions about lapsed identifiers, comments on a slow rate of adoption, and calls for more regulatory mandates requiring use of the LEI. There are also some tremendous successes in countries such as India, which is not a member…
Fenergo Partners Refinitiv for World-Check One KYC Data
Fenergo has connected its client lifecycle management (CLM) solution to Refinitiv’s World-Check One Know Your Customer (KYC) data through an application programme interface (API) integration. The partnership will enable financial institutions to streamline their KYC verification processes and anti-money laundering (AML) screening, and identify risk more efficiently. According to a recent Fenergo survey, 81% of…
How to Meet the Data Rules and Requirements of Fundamental Review of the Trading Book Regulation
Implementation of Fundamental Review of the Trading Book (FRTB) regulation is complex, demanding and time consuming, but can be achieved by setting priorities, working with external data vendors, and taking best practice approaches to the data management challenges presented by the regulation. A well-attended A-Team Group briefing hosted at the Glaziers Hall in London, Meeting…
Fenergo Research Finds Lack of Strategic Data Management in Client Onboarding
Fenergo has published the final instalment of its three-part Client Lifecycle Management Trends Report – Disrupt the Disrupters. Headline statistics show 33% of the C-suite banking executives surveyed for the report have not invested in any technology to improve client onboarding, despite 99% agreeing that underinvestment in technology directly impacts onboarding and retention. Only 15%…
StatPro Signs €1.2 Million Contract
StatPro, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a three-year contract, including a significant uplift in annual value, with a EU investment manager for Revolution Delta. The minimum contract value is €1.2 million. The investment manager uses Revolution Delta, StatPro’s flagship fixed income service,…
Derivatives Service Bureau Calls for Industry Input to 2019 Consultation
The Derivatives Service Bureau (DSB) has opened its 2019 consultation with a focus on getting industry feedback on operations such as data submission enhancements, services such as data flow rationalisation, technical issues including infrastructure and workflows, and legal aspects including the fee survey and user agreement forum. The consultation is seeking responses from both direct…
IHS Markit Builds on Counterparty Manager to Deliver Onboarding Accelerator
IHS Markit has built out its Counterparty Manager service to deliver Onboarding Accelerator, a solution designed to help banks and other service providers open accounts with institutional clients more quickly and ultimately in one day. The accelerator’s technology is based on the company’s Counterparty Manager service that is used by 12,000 buyside customers and over…