HSBC global banking and markets division deploys Fenergo
Fenergo, the leading provider of Regulatory Onboarding, Entity Data Management and Client Lifecycle Management software solutions for institutional, corporate and private banks, has today announced that the HSBC Group has deployed its award-winning Client Lifecycle Management platform across its Global Banking and Markets division.
Through implementing Fenergo’s Client Lifecycle Management solution, HSBC is able to digitalize the client onboarding journey across multiple jurisdictions, leveraging a common platform that ensures global compliance, improves operational efficiencies, expedites onboarding times and enhances time to revenue / overall client experience.
Marc Murphy, Fenergo CEO, said, “We are delighted to welcome HSBC to our growing family of clients. As the global industry standard for Client Lifecycle Management, Fenergo remains at the forefront of the “perfect storm”, protecting financial institutions from the impacts of increasing regulatory demands by working closely with our clients to develop and deliver solutions that improve how and with whom they do business. By integrating with a number of industry and AML data providers, as well as KYC utilities, our solutions can consume, process and route this data to all internal and downstream trading systems. This creates a true single view of the client, enabling a true end-to-end Regulatory Onboarding and Client Lifecycle Management process, all on a single platform. This is what makes Fenergo different”.