Fenergo, the leading provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), today announces that it has joined forces with PwC to accelerate the delivery of Fenergo’s AI-powered CLM and KYC solutions to financial institutions across multiple territories.
The collaboration will combine PwC’s deep financial crime expertise and Fenergo’s award-winning AI-powered CLM technology into a single offering, empowering financial institutions around the world to unlock revenue potential through accelerated operational excellence. Financial institutions seeking to digitally transform financial crime operations will benefit from Fenergo’s best-of-breed technology and PwC’s extensive experience leading transformational financial crime, regulatory and compliance projects.
The agreement is part of PwC’s broader strategy to leverage a range of digital and technology partnerships to deliver tailored solutions for financial crime and regulatory challenges.
Mark Hunter, Partner, PwC, says: “Fenergo’s AI-powered platform is uniquely positioned to serve mid-market to large multinational organizations, offering the scale, flexibility, and advanced capabilities needed to manage complex regulatory environments and high volumes of transactions across global operations. This collaboration is enabling us to deliver even greater value and sustained outcomes to our clients. Clients choose PwC to drive growth, transform and create value - and that includes interventions with technology. Our approach focuses on how Fenergo’s software can add value to our clients’ organisations holistically. Our teams across our global practice have experience implementing Fenergo solutions at scale, and across multiple jurisdictions. We’ve invested in our own multi-disciplinary teams, who are now Fenergo-certified and have specialist functional capabilities and technical expertise to configure the Fenergo platform.”
Matt Edwards, Global VP Partnerships and Alliances, Fenergo, says: “The synergy between Fenergo and PwC creates a powerful value proposition for financial institutions seeking to streamline financial crime operations and increase efficiencies in the face of accelerated regulatory change. The collaboration enables Fenergo to tap into PwC’s industry leading consultancy and implementation services to deliver an optimum target operating model for CLM. The result is a premium solution which empowers financial institutions to efficiently mitigate financial crime risk while driving growth and efficiency gains.”
Services complementing Fenergo’s CLM solutions include PwC’s Target Operating Model design, end-to-end customer experience journey mapping, operational readiness, data migration, systems integration and business change management.