DNB Bank selects Fenergo to streamline KYC and client onboarding

Tuesday 12 October 2021 12:21 CET | News

Ireland-based client lifecycle management (CLM) platform Fenergo has announced that Norway-based DNB Bank will deploy its SaaS-based CLM solution to consolidate KYC and AML operations.

The aim of the partnership is to consolidate KYC and AML for their corporate and institutional banking, personal market and private banking operations.

DNB has embarked on a multi-year project that will deploy Fenergo's SaaS CLM platform to replace manual systems and processes for KYC and AML and digitalise the entire client lifecycle journey from onboarding to offboarding. The solution will enable relationship managers and advisors in Norway and across the Nordics to achieve a single customer view and deliver a fully integrated omnichannel user experience.

Fenergo provides digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions. Its software digitally transforms and streamlines end-to-end CLM processes - from regulatory onboarding, data integration, client and counterparty data management, client lifecycle reviews and remediation, all the way to client offboarding. Headquartered in Dublin, Ireland, Fenergo currently has offices in North America, the UK, Poland, Spain, South Africa, Asia Pacific, and the UAE.

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Keywords: partnership, AML, KYC, fraud prevention, ecommerce
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Norway
This article is part of category

Securing Transactions