The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Fenergo Teams Up with Markit and kyc.com to Improve Client Lifecycle Management

Fenergo has formed a strategic relationship with Markit that will allow banks using its client lifecycle management software to automate consumption of Know Your Customer (KYC) and counterparty data from Markit and kyc.com, a joint venture between Markit and Genpact.

The automation is based on Data Integration Manager, an adjunct to Fenergo’s client lifecycle management software that was introduced late last year and combines data vendor application programming interfaces (APIs) with Fenergo intelligent rules logic and a workflow solution to consume, standardise and normalise client and counterparty data from multiple sources and route it to applications such as KYC.

Fenergo initially integrated DTCC’s Avox, Clarient and Omgeo Alert data services and has now implemented APIs to integrate kyc.com and Markit Counterparty Manager data with its regulatory onboarding and client lifecycle management software. It has also integrated Markit Enterprise Data Management to provide a wider entity data management solution.

Marc Murphy, CEO of Fenergo, explains: “Client lifecycle management is highly dependent on good quality, consistent and normalised client and counterparty data. However, most financial institutions are consuming this data manually. Through our relationship with Markit and kyc.com, we are automating this process using quality data and Fenergo’s workflow technology and regulatory rules engine to deliver an optimised client lifecycle management process that will help financial institutions significantly improve regulatory and onboarding efficiencies and reduce operational costs.”

With banks relying on multiple providers of specialised data for applications such as client onboarding, KYC, Anti-Money Laundering and screening, Joe Dunphy, vice president of product management at Fenergo, says the company is working to integrate data services from a number of other providers with its software.

Related content

WEBINAR

Recorded Webinar: MiFID II and FRTB Data Analytics, Benchmarks and Risk Modelling

Don’t miss this opportunity to view the recording of this recently held webinar. Markets in Financial Instruments Directive II (MiFID II) and the Fundamental Review of the Trading Book (FRTB) require huge volumes of data to be sourced and managed. This webinar will discuss what sort of data analytics you need to implement to be...

BLOG

Reformis Adds Matrix IDM and NeoXam to Vendor Partner Programme

Reformis, a buy-side business transformation consultancy, continues to build out its vendor partnership programme with the addition of Matrix IDM’s cloud native data management software, and NeoXam’s Impress reporting solution. These join the company’s list of existing partners and products including IHS Markit’s EDM software, Snowflake’s cloud data platform, and Compliance Solution Strategies’ Accudelta product....

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...