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 Client Lifecycle Management Solution

Subscribe to our newsletter

Digital transformation specialist Fenergo has streamlined its existing client lifecycle management (CLM) solution to make it more accessible for mid-tier and boutique businesses.

Fen-Xcelerate, powered by Amazon Web Services (AWS) is a lower cost, cloud-based version of the firm’s flagship CLM product. Integrated with partners including Salesforce, Refinitiv’s World-Check One, RDC, and DocuSign, the solution also supports integration with transaction monitoring services, Fenergo’s own customer-facing portal and core banking systems, amongst others.

Many mid-tier commercial, business and retail banks lack the technology required to offer digital services and open accounts remotely, while being able to meet regulatory obligations and detect financial crime. The streamlined solution hopes to enable these firms to speed up their digital account openings whilst maintaining regulatory compliance. Pre-configured to reduce costs, it can be deployed within 6-12 weeks and (subject to no customisation) claims to offer over 300% ROI within three years.

“The ability for such banks to incorporate market leading risk screening, transaction monitoring, ID&V and information solutions is a challenge, as most do not desire to integrate standalone solutions, plug them independently into their technology stack and try to make the whole ecosystem operate seamlessly together,” explains Adam Kupperman, Global Head of Partnerships at RDC. “The beauty of Fen-Xcelerate is that Fenergo provides customers with a seamlessly integrated platform for Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, including RDC’s best-in-class customer and third-party risk screening capabilities.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing data, research and trading challenges in the countdown to MiFID II

MiFID II is a far-reaching regulatory directive, years in the works, but now just a few short months from taking effect on January 3. The European Union regulation will have global impact, in areas including unbundling payments for asset management research, allowing systematic internalizers latitude to handle more types of instruments, data management methods and...

BLOG

Softwire QnA: Turning Great Ideas into Data Solutions for Institutions

UK-based Softwire offers its financial institution clients expertise in leveraging data to achieve their operational objectives. Data Management Insight spoke to Sean Judge, Softwire Client Director FS&I to find out more about the company. Data Management Insight: Hello Sean. Can you tell us when and how was Softwire created and how does it serve financial institutions? Sean Judge: Softwire...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...