A-Team Insight Blogs

Fenergo Integrates Innovative Graph Technology in Rewrite of Hierarchy Manager

Fenergo has innovated its Hierarchy Manager solution to deliver an ultimate beneficial ownership and counterparty hierarchy modelling and visualisation tool designed to make it easier to manage and visualise complex entity data hierarchies and associated entity structures.

Rather than updating its existing solution, Fenergo has rewritten the hierarchy manager to include Force-directed graph technology that uses algorithms to optimise how entity structures are displayed in graphs and redraws graphs appropriately when users filter data for particular outcomes, such as the identification of politically exposed persons (PEPs). The solution also includes React and D3 Java front-end components and a user interface (UI) built by Fenergo.

Joe Dunphy, vice president of product management at Fenergo, says: “Traditionally we have worked with beneficial ownership models, but associated structures go beyond this to include legal hierarchies and credit hierarchies. In theory, there is no limit to the number of entities and associated partners that can be managed and viewed using the hierarchy manager, making it useful anywhere where there are large structures and adding value for Fenergo users.”

The solution was developed in response to client demand, and with clients, to streamline compliance with rules and regulations such as Know Your Customer (KYC), anti-money laundering (AML), Foreign Accountant Tax Compliance Act (FATCA) and Common Reporting Standard (CRS). It also reduces the complexity, time and cost involved in customer due diligence by offering an aggregated view of hierarchy relationships, associations and beneficial owners that can be used to identify connections between beneficial owners, associations, counterparties and customers, and highlight potential links to financial criminals, PEPs and terrorist activity.

As well as graph data visualisation, the hierarchy manager includes a listed tree structure view that summarises nested relationships of parent/child associations, dynamic real-time filtering to easily identify key entities or hierarchies, and a clear view of high-risk entities and indicators.

The solution is in production and was included in release 8.6 of Fenergo’s software. Dunphy says he hasn’t met a customer that hasn’t moved on to the new version of the hierarchy manager and concludes: “This is the best tool out there for this sort of work. We have used the best technology available and put a lot of effort into getting it right.”

Leave a comment

Your email address will not be published. Required fields are marked *

*

Share article

Related content

WEBINAR

Recorded Webinar: GDPR: How to build a data protection framework

This webinar has passed, but you can view the recording by registering here. Are you ready for the General Data Protection Regulation (GDPR)? With the GDPR deadline less than two years away, the pressure is on for organizations to understand how they will comply. Proper data management is part of the answer, but tying these...

BLOG

Talking Reference Data with Andrew Delaney: Why We Care About the LEI

Maybe like me you’ve been slightly bewildered by the comings and goings in the market’s attempts to come up with a plan for a steadfast legal entity identifier (LEI) that everyone can use? Particularly the frenetic pace of sometimes daily change in direction, as stakeholders switched allegiances, and adopted and dropped plans, and interested parties...

EVENT

Data Management Summit London

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...