Fenergo, the AI-powered solution provider for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM) has joined forces with PwC to accelerate the delivery of its AI-powered CLM and KYC solutions to financial institutions across multiple territories.
Through the new collaboration, PwC will combine its financial crime expertise with the AI-powered CLM technology from Fenergo to create a single offering that empowers financial institutions worldwide to unlock revenue potential through accelerated operational excellence.
Matt Edwards, global VP of partnerships and alliances at Fenergo, also commented: “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.”
Financial institutions seeking to digitally transform financial crime operations will benefit from Fenergo’s best-of-breed technology and PwC’s extensive experience leading transformational financial crime, regulatory and compliance projects.
“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,” explained Mark Hunter, partner at PwC. “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.”
The agreement is part of PwC’s broader strategy to leverage a range of digital and technology partnerships to deliver tailored solutions for financial crime and regulatory challenges.
