Fenergo and PwC Team Up to Revolutionize Financial Crime Compliance for Global Banks

Fenergo and PwC Team Up to Revolutionize Financial Crime Compliance for Global Banks

Fenergo, a prominent provider of AI-enhanced Client Lifecycle Management (CLM), Know Your Customer (KYC), and Anti-Money Laundering (AML) transaction monitoring solutions, has recently entered into a strategic partnership with PwC. This collaboration focuses on expediting the implementation of Fenergo’s advanced KYC and CLM solutions across various regions.

Strategic Partnership for Enhanced Compliance Solutions

The partnership aims to merge PwC’s extensive expertise in financial crime operations with Fenergo’s cutting-edge technology, thereby offering financial institutions a more efficient method to address compliance, regulatory challenges, and financial crime. This collaboration is pivotal for firms looking to unlock new revenue streams while improving operational efficiency.

Fenergo’s AI-Powered Solutions

Fenergo’s AI-driven platform automates and digitizes:

  • Client onboarding
  • Regulatory compliance
  • Continuous monitoring processes

The company’s solutions encompass KYC, AML, tax compliance, and Environmental, Social, and Governance (ESG) regulations across more than 120 jurisdictions.

Complementary Services from PwC

PWC’s expertise enhances Fenergo’s CLM solutions with services including:

  • Target Operating Model design
  • Customer experience journey mapping
  • Operational readiness
  • Data migration
  • Systems integration
  • Business change management

Expert Insights on the Collaboration

Mark Hunter, partner at PwC, commented, “Fenergo’s AI-powered platform is uniquely positioned to serve mid-market to large multinational organizations. It provides the scalability, flexibility, and advanced capabilities necessary to navigate complex regulatory landscapes and manage high transaction volumes globally.”

He added, “Our approach emphasizes how Fenergo’s software can comprehensively add value to our clients’ operations. Our teams are trained and certified in implementing Fenergo solutions across multiple jurisdictions, ensuring they possess the functional and technical expertise needed for effective platform configuration.”

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Value Proposition for Financial Institutions

Matt Edwards, Global VP of Partnerships and Alliances at Fenergo, highlighted the collaboration’s benefits, stating, “The synergy between Fenergo and PwC delivers a compelling value proposition for financial institutions aiming to streamline financial crime operations and enhance efficiency amid rapid regulatory changes.”

This partnership allows Fenergo to leverage PwC’s industry-leading consultancy and implementation services, facilitating the delivery of an optimal target operating model for CLM.

For more information about Fenergo’s solutions, visit their official website.

Learn more about PwC’s capabilities in consulting and risk management.

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