Fenergo: Financial Solutions that Work

Financial transactions take place at a much faster rate than in earlier times. People are constantly looking at technology to transfer their money safely while doing business so that projects do not affect their customers. In the digital world, transactions can be tracked, and often frauds or data breaches can occur if people do not know about them.

Fenergo’s objective is to ensure a smooth, quick yet efficient way of doing end-to-end transactions which are compliant with the law and protects clients by following the regulations. The Fenergo client management is very simple a new request comes in; associated documents are collected, and screening is done in accordance with Anti-Money Laundering regulations. The client data team then gives approvals and after getting the okay from the client transactions are done in a fair and transparent manner. The team aims to deliver a streamlined process that helps in automating the customer data, its collection, and analysis which makes it easy for you to work with clients. It makes the client feel important by helping them solve the issue of collecting data at a faster pace with reduced cost. The process of data collection is a tricky and complex process as it should comply with the laws of the land and ensure customers’ privacy while doing business.

Companies these days are increasingly being scrutinized by both governing bodies and the public regarding their policies relating to data and how stringently they follow due diligence. Often information is published or rumored that data has been leaked, hacked, or breached which creates panic amongst the people who work for a company and people who trust the company as clients. So, in order to secure your business, it makes sense to work with a team that is up to date with the latest regulations.

Fenergo provides digitalization of data and makes the document gathering process encrypted yet efficient, the Know Your customer rules which are followed ensure that resources focus on the entities which are necessary and make things easier for the management by reducing risk. The clients of Fenegro have seen transformation such as Salesforce which relied on fully automated solutions for helping their clients achieve the lifecycle events by improving and increasing the real-time visibility providing a single 360-degree client view. The systems help to engage customers by doing things in the way they want and when they want without being complex yet not compromising on the regulatory aspect of a document collection. A popular product of Fenergo’s CLM solution is the ‘One KYC’ that enabled BNP Paribas to win the Celent Model Risk Manager Award for Legacy and Ecosystem Transformation. Global financial institutions all over the world rely on KYC documents to ensure that safely customers are onboarded so that revenues are generated consistently by working in tandem with a global network that will make things easier for everyone.

The range of front-end systems that retrieve, verifies, and processes customer information from different sources and ensures that signatures work well for both clients and vendors ensure that the integrity of data remains. It helps in improving efficiency by 82% by making operational workflow easy. It enables teams to cross-sell and upsell products on different channels so that the client base can be increased and improved without any delay while onboarding clients. The systems have also made things easier by teams being able to onboard teams remotely without any delays.

Managers in all teams especially asset management teams need to have an edge over their competitors to satisfy the investors and ensure that their assets are being utilized in the best way possible. Fenergo helps in onboarding high-net-worth individuals by onboarding them at a reduced cost, reducing errors by gaining time to improve revenue. The centralized data and UBO visualizations help to simplify the regulatory compliance by covering 100+ community-based coverage. By improving operational processes and securing data privacy by using the SaaS-based platform for data collection. Fenergo ensures that data is screened without any exceptions and is able to manage the regulatory obligations efficiently. Transparency and efficiency are going to be important aspects of doing business for financial institutions or organizations in the future.