Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), announces that it has joined forces with PwC to accelerate the delivery of Fenergo’s solutions to financial institutions.
The collaboration will combine PwC’s financial crime expertise and Fenergo’s AI-powered CLM technology into a single offering, empowering financial institutions to “unlock revenue potential through accelerated operational excellence.”
FIs seeking to digitally transform financial crime operations will benefit from Fenergo’s technology and PwC’s experience “leading transformational financial crime, regulatory and compliance projects.”
The agreement is part of PwC’s strategy to leverage a range of digital and technology partnerships “to deliver tailored solutions for financial crime and regulatory challenges.”
Mark Hunter, Partner, PwC, says:
“Fenergo’s AI-powered platform is uniquely positioned to serve mid-market to large multinational organizations, offering the scale, flexibility, and advanced capabilities needed to manage complex regulatory environments and high volumes of transactions across global operations. This collaboration is enabling us to deliver even greater value and sustained outcomes to our clients.”
Matt Edwards, Global VP Partnerships and Alliances, Fenergo, says:
“The synergy between Fenergo and PwC creates a powerful value proposition for financial institutions seeking to streamline financial crime operations and increase efficiencies in the face of accelerated regulatory change. The collaboration enables Fenergo to tap into PwC’s industry leading consultancy and implementation services to deliver an optimum target operating model for CLM. The result is a premium solution which empowers financial institutions to efficiently mitigate financial crime risk while driving growth and efficiency gains.”
Services complementing Fenergo’s CLM solutions “include PwC’s Target Operating Model design, end-to-end customer experience journey mapping, operational readiness, data migration, systems integration and business change management.”
As covered, Fenergo is the provider of AI-powered Client Lifecycle Management (CLM), know your customer (KYC) and anti-money laundering (AML) transaction monitoring solutions that “digitally transform how financial institutions, 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 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, AML, tax and prudential regulations across 120+ jurisdictions. ”