HSBC Deploys Fenergo Client Lifecycle Management Platform
Fenergo, the leading provider of Regulatory Onboarding, Entity Data Management and Client Lifecycle Management software solutions for institutional, corporate and private banks, has today announced that the HSBC Group has deployed its award-winning Client Lifecycle Management platform across its Global Banking and Markets division.
Through implementing Fenergo’s Client Lifecycle Management solution, HSBC is able to digitalize the client onboarding journey across multiple jurisdictions, leveraging a common platform that ensures global compliance, improves operational efficiencies, expedites onboarding times and enhances time to revenue / overall client experience.
Marc Murphy, Fenergo CEO, said, “We are delighted to welcome HSBC to our growing family of clients. As the global industry standard for Client Lifecycle Management, Fenergo remains at the forefront of the “perfect storm”, protecting financial institutions from the impacts of increasing regulatory demands by working closely with our clients to develop and deliver solutions that improve how and with whom they do business. By integrating with a number of industry and AML data providers, as well as KYC utilities, our solutions can consume, process and route this data to all internal and downstream trading systems. This creates a true single view of the client, enabling a true end-to-end Regulatory Onboarding and Client Lifecycle Management process, all on a single platform. This is what makes Fenergo different”.
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About Fenergo (www.fenergo.com):
Fenergo is a leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks. Its solutions help institutions to efficiently manage the end-to-end regulatory onboarding and entity data management processes. Its rules-driven solution ensures compliance with multiple regulatory frameworks and supports the collection, centralization and sharing of client and counterparty data and documentation across the institution. By expediting compliance and improving operational efficiencies, Fenergo’s solutions can onboard clients faster, improve time to revenue and overall client experience. Fenergo’s recent accolades include: Chartis RiskTech100™ (third consecutive year, rising 25 places in 2017); Top Performer in RegTech Performance (Banking Technology / MarketFintech, 2016); Best Compliance Product (Sell-Side Technology Awards 2016), FinTech Forward Company to Watch (American Banker, 2015), Chartis RiskTech100® (2016 and 2015) and Best Enterprise Data Management Initiative (Inside Reference Data, 2014).