Fenergo and PwC partner to streamline financial crime compliance for global banks

Fenergo and PwC partner to streamline financial crime compliance for global banks

Fenergo, a leading provider of AI-driven Client Lifecycle Management (CLM), Know Your Customer (KYC) and Anti-Money Laundering (AML) transaction monitoring solutions, has announced a strategic partnership with PwC.

The collaboration aims to accelerate the deployment of Fenergo’s AI-powered CLM and KYC solutions across multiple territories.

The partnership will combine PwC’s deep knowledge of financial crime operations with Fenergo’s advanced technology, offering financial institutions a more streamlined approach to tackling financial crime, compliance, and regulatory challenges. The collaboration is designed to help firms unlock new revenue opportunities while enhancing operational efficiency.

Fenergo’s AI-powered platform is designed to automate and digitise client onboarding, regulatory compliance, and continuous monitoring processes. The company’s solutions cover KYC, AML, tax compliance, and Environmental, Social, and Governance (ESG) regulations across more than 120 jurisdictions.

Additional services complementing Fenergo’s CLM solutions include PwC’s expertise in Target Operating Model design, customer experience journey mapping, operational readiness, data migration, systems integration, and business change management.

Mark Hunter, partner at PwC, said, “Fenergo’s AI-powered platform is uniquely positioned to serve mid-market to large multinational organizations, offering the scale, flexibility, and advanced capabilities needed to manage complex regulatory environments and high volumes of transactions across global operations. This collaboration is enabling us to deliver even greater value and sustained outcomes to our clients.

“Clients choose PwC to drive growth, transform and create value – and that includes interventions with technology. Our approach focuses on how Fenergo’s software can add value to our clients’ organisations holistically. Our teams across our global practice have experience implementing Fenergo solutions at scale, and across multiple jurisdictions. We’ve invested in our own multi-disciplinary teams, who are now Fenergo-certified and have specialist functional capabilities and technical expertise to configure the Fenergo platform.”

Matt Edwards, global VP partnerships and alliances at Fenergo, said, “The synergy between Fenergo and PwC creates a powerful value proposition for financial institutions seeking to streamline financial crime operations and increase efficiencies in the face of accelerated regulatory change.

“The collaboration enables Fenergo to tap into PwC’s industry leading consultancy and implementation services to deliver an optimum target operating model for CLM. The result is a premium solution which empowers financial institutions to efficiently mitigate financial crime risk while driving growth and efficiency gains.”

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