Fenergo CLM

Fenergo Client Lifecycle Management (CLM) is a solution designed to digitally manage clients throughout the client lifecycle. From onboarding and Know Your Customer (KYC) processes to ongoing KYC reviews and client offboarding, Fenergo CLM aims to streamline the client management process for financial institutions of all sizes. According to the vendor, this tool is utilized by various professionals and industries, including banks, asset management firms, wealth management companies, commercial and business banks, as well as corporate and institutional banking institutions.

Key Features

Faster Client Onboarding: According to the vendor, Fenergo CLM aims to streamline the onboarding process for low-to-medium risk clients, higher risk clients, and accounts managed by exception. The vendor claims that this solution can help financial institutions onboard clients more efficiently, potentially reducing time to revenue and providing a digital experience for clients.

Improved Operational Efficiencies: Fenergo CLM offers advanced API integrations that aim to seamlessly integrate with other systems and data providers. The vendor suggests that this integration can potentially reduce touchpoints and manual processes, leading to improved operational efficiency. Additionally, the vendor claims that client information can be captured and stored in a central repository for reusability across the enterprise.

Regulatory & Commercial Safety: According to the vendor, Fenergo CLM aims to ensure accurate risk assessments aligned with AML, KYC, and other regulatory compliance regulations through policy-driven risk assessments. The vendor states that this solution supports compliance with regulatory frameworks such as ESG and helps financial institutions maintain regulatory assurance throughout the client journey.

Reduced Total Cost of Ownership: Fenergo CLM's advanced API integrations aim to connect the end-to-end client journey, potentially reducing the need for multiple systems and manual processes. The vendor suggests that automation and digitization of processes can contribute to cost savings. Additionally, the vendor claims that the solution provides a modular and scalable approach, allowing financial institutions to add or remove functionalities as needed.