Fenergo Works With Markit and kyc.com to Deliver Enhanced Client Lifecycle Management for Financial Institutions

PR63053

DUBLIN, Jan. 12, 2016/PRNewswire=KYODO JBN/ --

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

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

today announced a strategic relationship with Markit and kyc.com, a joint

venture powered by Markit and Genpact.

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

    The relationship brings together kyc.com and Markit Counterparty Manager

coupled with Fenergo's Regulatory Onboarding

[http://www.fenergo.com/solutions/regulatory-onboarding ] and Client Lifecycle

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

software solutions. Fenergo also works seamlessly with Markit Enterprise Data

Management (EDM) as a key component in a wider entity data management solution

for common clients.

    KYC

[http://www.fenergo.com/solutions/regulatory-onboarding/know-your-customer ]

and counterparty data are cleansed and validated through Markit EDM's

integration layer and legal entity master to support firms to be ready to

transact and meet KYC, tax, regulatory requirements and margin agreements. This

information is fed into Fenergo's Client Lifecycle Management

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

for workflow-enabled client onboarding and regulatory compliance. Client and

counterparty data is enriched and is then pushed to downstream systems.

    "Working with Fenergo across kyc.com and Markit's solution sets extends the

value that we are providing to our common customer base," said Jon May, CEO of

kyc.com and managing director at Markit. "By integrating data from Markit EDM

across our other solution sets and leveraging Fenergo's workflow capabilities,

we are providing validated information for organizations to be ready to

transact."

    According to Marc Murphy

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

"We are delighted to announce our working relationship with Markit and kyc.com

to create a new way of enhancing the client lifecycle management process for

financial institutions. Client Lifecycle Management is highly dependent on good

quality, consistent and normalized client and counterparty data

[http://www.fenergo.com/solutions/client-counterparty-data-management ].

However, most financial institutions are consuming this data manually at

present. Through this relationship, we are automating this process with the

provision of quality data and Fenergo's workflow and regulatory rules engine

[http://www.fenergo.com/solutions/regulatory-rules-engine.html ] technologies

to deliver a highly optimized Client Lifecycle Management process that will

help financial institutions significantly improve regulatory and onboarding

efficiencies and reduce operational costs."

    About Fenergo (http://www.fenergo.com):

    Fenergo is a leading provider of Client Lifecycle Management software

solutions for investment, corporate and private banks. Its solutions help

institutions to efficiently manage the end-to-end 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. Fenergo's solutions can onboard clients faster, improve time to

revenue and overall client experience.

    About kyc.om

    Markit and Genpact have proven track records in helping customers in the

field of KYC data management. Together the firms offer a robust set of

compliance, tax, data validation and reference data services that are relied

upon by over 1,500 buyside firms, 7,000 corporations and 80 banks. For more

information, please see http://www.kyc.com.

    About Markit

    Markit is a leading global provider of financial information services. We

provide products that enhance transparency, reduce risk and improve operational

efficiency. Our customers include banks, hedge funds, asset managers, central

banks, regulators, auditors, fund administrators and insurance companies.

Founded in 2003, we employ over 4,000 people in 11 countries. Markit shares are

listed on Nasdaq under the symbol MRKT. For more information, please see

http://www.markit.com.

    About Genpact

    Genpact (NYSE: G) stands for "generating business impact." We architect the

Lean Digital[SM] enterprise through a unique approach based on our patented

Smart Enterprise Processes (SEP[SM]) framework that reimagines our clients'

middle and back offices to generate growth, cost efficiency, and business

agility. Our hundreds of long-term clients include more than one-fourth of the

Fortune Global 500. We have grown to over 70,000 people in 25 countries, with

key management and a corporate office in New York City. We believe we are able

to generate impact quickly and power Intelligent Operations[SM] for our clients

because of our business domain expertise and experience running complex

operations, driving our unbiased focus on what works and making

technology-enabled transformation sustainable. Behind our passion for

technology, process, and operational excellence is the heritage of a former

General Electric division that has served GE businesses since 1998. For

additional information, visit http://www.genpact.com. Follow Genpact on Twitter

[https://twitter.com/genpact_ltd ], Facebook

[http://www.facebook.com/pages/Genpact/105635026136729 ], LinkedIn

[http://www.linkedin.com/company/210064?trk=tyah ], and YouTube

[https://www.youtube.com/user/GenpactLtd ].

    Fiona McLoughlin, VP Marketing, Fenergo

    E: fiona.mcloughlin@fenergo.com

    T: +353-1-901-3600

SOURCE: Fenergo