Technology
Digital Digest: The Latest Tech News - Fenergo

The latest news about technology products and services relevant for wealth managers around the world.
Fenergo, the
technology firm providing digital client lifecycle management
solutions for financial institutions, has rolled out the product
enhancement, Digital KYC, a real-time solution.
The solution delivers a risk-based approach that is designed to
boost efficiency in handling know-your-client work. It is
designed to add to a financial institution’s client lifecycle
management suite by automating continuous customer due diligence
reviews for low to medium-risk clients.
“In today’s increasingly complex regulatory environment with
heightened scrutiny, financial institutions shoulder the burden
of highly manual KYC checks performed on an ad-hoc basis. Not
only is this time consuming and costly, it leaves financial
institutions open to risk,” Greg Watson, global head of corporate
and institutional banking, Fenergo, said.
The firm has about 70 global financial institutions as clients.