Fenergo Launches Fenergo Data Integration Manager to Create a Single Client View for Client Lifecycle Management

PR62773

DUBLIN, Dec. 8, 2015/PRNewswire=KYODO JBN/--

       Solution to include integration with DTCC's Avox and Omgeo, and Clarient

Global

    Fenergo [http://www.fenergo.com ], the leading provider of Client Lifecycle

Management software solutions for investment, corporate and private banks, has

today launched Fenergo Data Integration Manager to enhance the Client Lifecycle

Management process for financial institutions.

(Logo: http://photos.prnewswire.com/prnh/20150114/724322 )

    A rules-driven data interface solution, Fenergo Data Integration Manager

[http://www.fenergo.com/solutions/fenergo-data-integration-manager.html ]

consumes, processes and routes client and counterparty data from multiple

sources and systems, delivering high quality and streamlined data ready to

support and evidence regulatory client lifecycle and reporting processes.

    The solution is being launched in response to an immense data management

challenge being faced by financial services organizations. As Joe Dunphy

[http://www.fenergo.com/top-menu/who-we-are/management-team ], Fenergo VP

Product Management, explains: "While there are an increasing number of options

available in the market for sourcing client and counterparty data, they are

rarely in sync and there is no 'one-stop shop' for all of a bank's counterparty

data needs. This places an additional burden on the users of that data to

manage multiple sources, resolve and remediate discrepancies, and apply

appropriate data management rules. This means that financial institutions are

spending more time, effort and money than is necessary to manage data to meet

regulatory requirements and manage the client lifecycle efficiently."

    Fenergo Data Integration Manager fuses together vendor-specific APIs

(Application Program Interfaces) and file-based interfaces with intelligent

rules logic and an advanced workflow solution to create a true end-to-end

Client Lifecycle Management

[http://www.fenergo.com/solutions/client-lifecycle-management.html ] process.

The solution offers a rich user interface to manage multiple sources of data

and complete the data management and remediation activity, enabling financial

institutions to handle conflicting data, bulk actions, subscriptions, challenge

data, as well as comparison and updating functions.

    The firm is working with a host of data providers that make up the legal

entity data eco-system, including three of DTCC's data services:

    - Avox, the industry's premier legal entity data validation and monitoring

service with validated data for almost 2 million legal entities,

- Clarient Entity Hub, a comprehensive, secure client data and document

management industry-led utility,

- (and later to) Omgeo ALERT, the industry's SSI Utility and the largest global

database for account and standing settlement instructions (SSI).

    "We've invested a significant amount of work integrating with key data

offerings - from entity data providers, such as DTCC [http://www.dtcc.com ]'s

Avox [http://www.avox.info ], to KYC utilities, including Clarient Entity Hub

[http://www.clarientglobal.com ], and from industry data providers, such as

Omgeo ALERT, to AML data providers. We've also created plug-ins to bank trading

platforms to ensure that all cleansed, remediated and validated data can be

propagated to downstream systems to share the single client view required to

make the regulatory compliance and Client Lifecycle Management

[http://www.fenergo.com/solutions/client-lifecycle-management.html ] processes

faster and more efficient. Our vision over the coming months is to connect

other data feeds in the eco-system to Fenergo Data Integration Manager,

extending to such providers as SWIFT", adds Dunphy.

    The application of intelligent rules logic means that the data can undergo

intelligent processing to understand what it contains and to where it needs to

be delivered and automatically apply precedence rules and data consolidation

and routing. The safe and accurate delivery of this data to various systems and

repositories automatically kick-starts the necessary processes and procedures

that need to be actioned in an effort to move the client through the various

lifecycle events.

    For more information on Fenergo Data Integration Manager

[http://www.fenergo.com/solutions/fenergo-data-integration-manager.html ],

please visit http://www.fenergo.com.

    About Fenergo:

    Fenergo's sophisticated Client Lifecycle Management solution enables

financial institutions to efficiently manage the regulatory onboarding and

entity data management processes. Its rules-driven solution ensures compliance

with multiple regulatory frameworks and supports the collection, centralization

and sharing of client and counterparty data and documentation across the

institution. By expediting compliance and improving operational efficiencies,

Fenergo's solutions can onboard clients faster, improve time to revenue and

enhance overall client experience.

    About DTCC:

    With over 40 years of experience, DTCC is the premier post-trade market

infrastructure for the global financial services industry. From operating

facilities, data centers and offices in 16 countries, DTCC, through its

subsidiaries, automates, centralizes, and standardizes the post-trade

processing of financial transactions, mitigating risk, increasing transparency

and driving efficiency for thousands of broker/dealers, custodian banks and

asset managers worldwide. User owned and industry governed, the firm simplifies

the complexities of clearing, settlement, asset servicing, data management and

information services across asset classes, bringing increased security and

soundness to the financial markets. In 2014, DTCC's subsidiaries processed

securities transactions valued at approximately US$1.6 quadrillion. Its

depository provides custody and asset servicing for securities issues from over

130 countries and territories valued at US$64 trillion. DTCC's global trade

repository maintains approximately 40 million open OTC positions and processes

roughly 280 million messages a week. To learn more, please visit

http://www.dtcc.com or follow us on Twitter @The_DTCC

[http://www.twitter.com/the_dtcc ].

    About Clarient Global LLC:

    Clarient Global LLC is a new DTCC company founded in collaboration with

Barclays, BNY Mellon, Credit Suisse, Goldman Sachs, JPMorgan Chase and State

Street. Clarient Entity Hub acts as a central hub for investment managers,

hedge funds, and corporations to upload, securely store, maintain and

permission use of legal entity level information, documentation and hierarchy

information. It integrates technology and operational expertise to provide

increased controls, standardization, data quality and transparency during

client onboarding and ongoing client lifecycle activities. Clarient was

established in response to the industry's call to reduce operational complexity

and to address regulatory requirements including Know Your Customer (KYC),

Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure

Regulation (EMIR), and Dodd-Frank requirements. For more information, visit

http://www.clarientglobal.com.

    Press Contact: Fiona McLoughlin, VP Marketing, Fenergo, E:

fiona.mcloughlin@fenergo.com, T: +353-1-901-3600

SOURCE: Fenergo