18 December 2017
visit http://response.ncr.com

Opus and Fenergo combine for KYC workflow

08 November 2017  |  2286 views  |  0 Source: Opus

Opus, the leading provider of global compliance and risk management solutions, today announced a partnership with Fenergo, the industry standard for Client Lifecycle Management (CLM) software solutions for investment, corporate and private banks.

Together, the companies will offer seamless integration of risk relevant data into the Know Your Customer (KYC) process for a complete, end-to-end workflow.

Opus’ expertise in curating external data will power Fenergo’s best-in-class risk scoring, regulatory rules engine and CLM software to offer clients the most comprehensive solution for a wide range of regulatory reporting frameworks including KYC, Anti-Money Laundering (AML) and CLM. The new integrated solutions will enable rapid integration of identification, beneficial ownership and due diligence sources across the CLM process.

Clients will benefit from an automated process to integrate and then continuously monitor client entity data, from onboarding to offboarding, as well as all relevant external data sources including sanctions lists, business news, economic data, shareholder data, market research and market research. With several global banks already indicating interest in the solution, the partnership will offer a holistic, fully integrated view of all data related to KYC and AML risks.

“Our market leading data solutions have been powering many of the largest global financial institutions needs in the areas of KYC, AML and other compliance processes. We are delighted to partner with Fenergo where an increasing number of clients look to modernize their CLM process”, said Manny Conti, CEO of Opus. By integrating our solutions, we will simplify and automate our clients KYC processes enabling them to reduce costs and risks”.

Marc Murphy, CEO and Founder of Fenergo commented, “The Fenergo platform has long been at the forefront of driving world-class CLM process and enabling regulatory compliance at global financial institutions. Our partnership with Opus, the proven leader in data aggregation and integration, will enable clients to understand complex data sources and develop clearer, quicker views into entity ID verification, beneficial ownership, and customer due diligence relevant content from both premium and open sources, allowing them to minimize KYC risks through world class technology.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.niceactimize.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11050 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8634 views comments | 15 tweets | 17 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7547 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7034 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6965 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job