Nikko Securities America Signs Deal with Fenergo for Regulatory Client Lifecycle Management

08 March 2016, New York, NY – Fenergo, the leading provider of Regulatory Onboarding and Client Lifecycle Management software solutions for investment, corporate and private banks, has announced a new deal to provide Nikko Securities America, Inc. with Client Lifecycle Management with a prioritized regulatory focus on Anti-Money Laundering (AML), Know Your Customer (KYC) and Foreign Account Tax Compliance Act (FATCA).

Nikko Securities America, Inc. (Nikko America) provides financial products and services to global institutional clients in North America and Latin America.

Fenergo’s Client Lifecycle Management software solution will be implemented across various trading desks including securities broker-dealer, capital markets, asset securitization and fixed income. With a tight implementation timeframe, Fenergo’s out-of-the-box solution will be implemented in two phases, with a primary focus to deliver AML and KYC regulatory compliance within six months, followed by further automation and integration in the subsequent phase.

As part of Fenergo’s Client Lifecycle Management implementation, Nikko America will also benefit from the implementation of Fenergo’s Regulatory Rules Engine, which will dictate the client’s regulatory journey. The solution also incorporates a Client & Counterparty Data Management solution, which centralizes, validates, stores and distributes legal entity data across the organization. Finally, Fenergo’s Regulatory Onboarding solution will provide the regulatory and workflow orchestration to manage all the sub-processes that need to be executed to bring the client from initial take-on through to all the various stages of approvals and requests for information they need to go through to be onboarded (across Front Office, Compliance, Credit, Legal, Tech & Ops etc.).

According to Liam Cuddy, VP Sales for Fenergo Americas, “I have great pleasure in welcoming Nikko America as a valued client. They will now become part of an active client community that works hand-in-hand with our product and regulatory experts to design, develop and deliver software solutions that ensure regulatory compliance, operational efficiencies and improved time to revenue through faster, compliant onboarding. I look forward to working closely with them over the coming months to help them achieve a world-class Client Lifecycle Management process.”

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About Fenergo (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. By expediting compliance and improving operational efficiencies, Fenergo’s solutions can onboard clients faster, improve time to revenue and overall client experience. Fenergo’s most recent accolades include: FinTech Forward Company to Watch (American Banker, 2015); Chartis RiskTech 100 (Chartis Research, 2016 and 2015), Best Enterprise Data Management (Inside Reference Data, 2014).