Opus and Fenergo combine technologies to help customers with rapid integration of identification, beneficial ownership and due diligence data sources across the CLM process
New York, London, November 8, 2017 — 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.”
Diana Alickaj / Francesca Bliss
Tel: +1 646-395-6300
Opus is a global risk and compliance SaaS and data solution provider founded on a simple premise: that faster, better decisions in compliance and risk management give businesses an extraordinary advantage in the marketplace.
Today, the world’s most respected global corporations rely on Opus to free their business from the complexity and uncertainty of managing customer, supplier and third-party risks.
By combining the most innovative SaaS platforms with unparalleled data solutions, Opus turns information into action so businesses thrive.
For more information about Opus, please visit www.opus.com.
About Fenergo (www.fenergo.com)
Fenergo is a leading provider of Client Lifecycle Management software solutions for Corporate & Institutional, Business & Commercial and Private banks. Its solutions help institutions to efficiently manage the end-to-end regulatory onboarding and entity data management processes. The intelligent rules-driven solution ensures compliance with multiple regulatory frameworks and supports the collection, centralization and sharing of client and counterparty data and documentation across the institution. By expediting compliance and improving operational efficiencies, Fenergo’s solutions can onboard clients faster, improve time to revenue and enhance the overall client experience. Fenergo’s recent accolades include: Chartis RiskTech100™ (fourth consecutive year, rising 25 places in 2017); Top Performer in RegTech Performance (Banking Technology / MarketFintech, 2017 and 2016); Best Compliance Product (Sell-Side Technology Awards 2016), FinTech Forward Company to Watch (American Banker, 2015), Chartis RiskTech100® (2016 and 2015) and Best Enterprise Data Management Initiative (Inside Reference Data, 2014).