Fenergo, a provider of AI-powered Client Lifecycle Management (CLM), Know Your Customer (KYC) and Anti-Money Laundering (AML) transaction monitoring solutions, announced a partnership with Moody’s Corporation (NYSE: MCO) in order to integrate Moody’s Entity Verification API into Fenergo’s FinCrime OS.
The partnership now brings together Fenergo’s CLM and KYC capabilities with Moody’s entity data and risk intelligence.
Together, the firms aim to help FIs improve “operational efficiency, accelerate straight-through processing and focus analyst resources on higher-risk cases in an event-driven, risk-based approach to compliance.”
Traditional periodic KYC reviews are said to be quite “costly, time-intensive and disruptive to client relationships.”
Fenergo’s agentic AI-driven approach enables FIs to transition from retrospective, batch-based reviews to “continuous monitoring, where client records are dynamically updated as new data emerges.”
By integrating Moody’s Entity Verification capabilities, compliance teams can access real-time registry data, “curated entity details and a comprehensive risk database covering over 600 million companies and 1.7 billion ownership links across 200+ jurisdictions.”
The collab represents Fenergo’s commitment to investing in data integrations within the FinCrime ecosystem, bringing together Moody’s data “to create a unified, configurable solution for financial institutions.”
Matt Edwards, Global VP Partnerships and Alliances, Fenergo, said that their alliance with Moody’s represents a step forward in delivering perpetual KYC at scale.
Edwards has added that by embedding Moody’s entity verification data into FinCrime OS, they’re enabling “clients to achieve faster decision-making, accurate risk assessments and a frictionless customer experience.”
Ana Meauta, Managing Director of Channel Sales Partnerships at Moody’s, said that working cooperatively with Fenergo allows them to bring their data and risk insights “directly into financial institutions’ compliance workflows.”
