Bank of China US ups compliance with Fenergo
Bank of China US branches have gone live on Fenergo’s client lifecycle management (CLM) platform, Fenergo CLM.
Fenergo CLM provides the bank with an end-to-end client management solution enhancing its compliance framework, especially in the areas of know your customer (KYC), anti-money laundering (AML), and customer due diligence (CDD).
“BoC US Branches are dedicated to providing the tightest set of regulatory controls and customer due diligence,” says Marc Murphy, CEO of Fenergo. “We have invited the bank to join our client advisory board and regulatory forums, adding to the collective industry intelligence of Fenergo’s other global clients.”
Back in February, Fenergo partnered with regtech provider Arachnys to give financial institutions, namely investment, corporate and private banks, a KYC and CLM solution.