Fenergo is set to deploy its Client Lifecycle Management (CLM) software across Natixis’ Corporate and Investment Banking division globally.
Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France. It will deploy Fenergo’s flagship platform, Fenergo CLM.
Marc Vincent, Global Head of Corporate & Investment Banking at Natixis, said: “Our strategy is based around serving our clients’ needs, and our internal agility is central in this respect. By enhancing our processes through digital systems such as Fenergo’s CLM platform, we aim to provide the best possible experience, and ultimately the best possible financial solutions to our clients.”
Fenergo’s flagship platform, Fenergo CLM, delivers a standardised global Know Your Customer (KYC) policy and procedure.
The regulatory framework spans Anti-Money Laundering (AML), KYC and other KYC classifications (such as MiFID II, FATCA, CRS, Dodd-Frank, EMIR, Canadian Derivatives, Margin Requirements, The Volcker Rule / Loi de Separation Bancaire, QDD/Hire Act (871M), Sec 15a6, GDPR) etc.
Client and counterparty data and documentation are centralised, facilitating global regulatory rules and increasing the transparency of information across the KYC process, creating a single view of the client. This enables available client information to be reused, reducing the need for superfluous client outreaches.
Greg Casey, vice president, EMEA, Fenergo, said: “By joining the Fenergo global CLM platform, Natixis has become an active member of our client engagement community and will join our regulatory, design and CTO forums. Natixis will directly contribute to the Fenergo regulatory and product roadmaps, enhancing our solution set even further. I personally look forward to working closer with Natixis professionals to deliver the next generation of Client Lifecycle Management solutions.”
Fenergo counts 26 of the top 50 financial institutions in the world as clients. Its CLM suite transforms how sell-side banks and buy-side firms manage clients – from initial onboarding to KYC/AML and regulatory compliance, to client data management and ongoing lifecycle KYC reviews and refreshes.
Earlier this year, Bank of China US branches has adopted Fenergo’s solutions to enhance its onboarding and compliance processes. BoC US Branches, subsidiaries of the 4th largest bank in the world, has gone live with platform, Fenergo CLM.
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