Fenergo and Refinitiv join forces to accelerate client onboarding
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Fenergo and Refinitiv join forces to accelerate client onboarding 17 May 2019 London Reporter: Jenna Lomax
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Fenergo has partnered with Refinitiv to streamline know-your-customer (KYC) verification and anti-money laundering (AML) screening.
Fenergo’s integration of Refinitiv’s World-Check One allows customers to quickly identify potential risks and respond to threats.
It also allows users to create and maintain a model inventory and a clear evidence trail of the acceptance or rejection of changes, report on governance status, sign-offs, supporting attachments and related issues all from a single platform.
Marc Murphy, CEO of Fenergo, said: “In partnering with Refinitiv, we can automate data collection bringing huge efficiencies to client onboarding and account opening processes, increasing time to revenue and reducing client outreaches. Our complementary solutions enable the shift from time-based client KYC reviews to a perpetual and continuous KYC review model.”
Phil Cotter, managing director of risk at Refinitiv, commented: “Through the combination of Fenergo’s customer lifecycle management solution and Refinitiv’s World-Check One, financial institutions can better manage increasing amounts of regulation that require them to collect more data and documentation from clients.”
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