Fenergo, a provider of AI-enhanced solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), announced Geneva-based investment group Pictet has reportedly deployed Fenergo’s CLM solution in order to enhance its asset servicing capabilities.
FundPartner Solutions (Europe) SA, the Pictet Group’s European fund management company, is reportedly leveraging Fenergo’s platform to improve onboarding efficiency for its European clients and their end investors.
As explained in the update, the move will see Pictet automate some of the manual processes associated with investor “onboarding and lifecycle management.”
The firm is leveraging Fenergo’s solution as a policy engine and a data repository, incorporating AML and KYC verification controls aligned with Pictet’s “internal risk-based approach.”
FundPartner Solutions (Europe) SA, offers a range of services to asset managers and investment funds, including “fund administration, risk and compliance support, and investment operations assistance.”
Dorian Jacob, CEO of FundPartner Solutions Europe, said that the migration of our Transfer Agent “onboarding and client maintenance services to Fenergo represents a significant milestone in the technological evolution of our funds operations platform.” Jacob also noted that this migration will not only digitalise several processes “but also enhance efficiency, improve risk management, and address growing regulatory challenges.” They added that this implementation is a first step in their “long-term commitment to offer our clients the highest level of services and digital experience available.”
Ruth Ormsby, Managing Director EMEA at Fenergo, added that as asset servicing experts navigate a fast-evolving regulatory landscape in Europe, they’re seeing appetite for their CLM solutions “among investment firms. Fenergo’s platform is now trusted by several of the largest asset management and asset services providers worldwide, making it the solution of choice for investor onboarding and lifecycle management.”
As covered, Fenergo is the provider of AI-powered Client Lifecycle Management (CLM) solutions that transform how FIs, asset management and fintech firms, and corporates “onboard and manage clients throughout their client lifecycle.”
Its software digitally orchestrates every client journey from initial Know your Customer (KYC) and client onboarding, “automating regulatory compliance and enabling continuous monitoring throughout the client lifecycle (transaction monitoring, perpetual KYC), all the way to client offboarding.”
Fenergo is reportedly known for its “in-depth” financial services and regulatory expertise and “out-of-the-box rules engine” which ensures financial institutions are future-proofed against evolving Environmental, Social and Governance (ESG), KYC, Anti-Money-Laundering (AML), tax and prudential regulations across 120+ jurisdictions.