Digital, cloud-base, plug and play solution that facilitates the fast and compliant account opening process, while satisfying Know Your Customer (KYC), Anti-Money Laundering (AML) and where applicable Bank Secrecy Act (BSA) requirements, reducing the time to onboard and rapidly process new account requests remotely.
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12345 STREET NAME| CITY, REGION
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Community sourced and pre-configured automated regulatory rules engine and associated workflows
Digital, dynamic collection of required data and documents (ID&V), and automated screening for KYC and AML due diligence processes
Plug and play account opening functionality to enhance your existing digital channels and capitalize on previous investments.
Prebuilt PPP / SBA loan application module, submission and review application
Applicants can use a bank's pre-existing digital channel or a Fenergo channel
• New account applicants can do both account opening & SBA loan application in one easy to use workflow
• No need to leave your digital eco-system or ever visit a branch
Rapid new account opening with full KYC, AML & BSA automation
• Built-in fail early provisions based on account and loan eligibility requirements
• Manage by exception i.e. focus on medium, high-risk entities, and negative screening hits
• Majority of applicants will be served by straight-through processing (STP)
Accelerated PPP SBA loan application process via the pre-built loan application module
• System digitally captures all necessary data & documentation
• System generates all final documents & delivers automated document signing ( e-signatures & IDV)
Fenergo is a leading provider of Client Lifecycle Management, AML/KYC Compliance and Client Data Management solutions for investment, corporate, commercial and private banks.
ADV SOLUTION
Delivering a truly digital customer journey, driven by Fenergo’s industry-leading Regulatory Rules Engine, re-inforced with industry data, accessed from any channel.
WEBINAR
Register now for the webinar and see how Digital Client Orchestration connects front, middle and back office systems, enabling you to deliver the digital experience your customers deserve and want.
Now is not the time for small businesses across the United States to be struggling to access desperately needed funding. Building on our world class KYC, AML & BSA heritage and expertise we were able to rapidly extend our system to accommodate the KYC, AML & screening challenges presented by the SBA loan application process. This new digital only proposition directly helps US Business & Commercial banks with their ability to onboard businesses with no pre-existing relationship and open new accounts remotely and to deliver much needed SBA approved funding
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