DUBLIN, December 8, 2015/PRNewswire/ —
Solution to include integration with DTCC’s Avox and Omgeo, and Clarient Global
Fenergo [http://www.fenergo.com ], the leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks, has today launched Fenergo Data Integration Manager to enhance the Client Lifecycle Management process for financial institutions.
A rules-driven data interface solution, Fenergo Data Integration Manager [http://www.fenergo.com/
The solution is being launched in response to an immense data management challenge being faced by financial services organizations. As Joe Dunphy [http://www.fenergo.com/top-
Fenergo Data Integration Manager fuses together vendor-specific APIs (Application Program Interfaces) and file-based interfaces with intelligent rules logic and an advanced workflow solution to create a true end-to-end Client Lifecycle Management [http://www.fenergo.com/
The firm is working with a host of data providers that make up the legal entity data eco-system, including three of DTCC’s data services:
-Avox, the industry's premier legal entity data validation and monitoring service with validated data for almost 2 million legal entities, -Clarient Entity Hub, a comprehensive, secure client data and document management industry-led utility, -(and later to) Omgeo ALERT, the industry's SSI Utility and the largest global database for account and standing settlement instructions (SSI).
“We’ve invested a significant amount of work integrating with key data offerings – from entity data providers, such as DTCC [http://www.dtcc.com ]’s Avox [http://www.avox.info ], to KYC utilities, including Clarient Entity Hub [http://www.clarientglobal.com ], and from industry data providers, such as Omgeo ALERT, to AML data providers. We’ve also created plug-ins to bank trading platforms to ensure that all cleansed, remediated and validated data can be propagated to downstream systems to share the single client view required to make the regulatory compliance and Client Lifecycle Management [http://www.fenergo.com/
The application of intelligent rules logic means that the data can undergo intelligent processing to understand what it contains and to where it needs to be delivered and automatically apply precedence rules and data consolidation and routing. The safe and accurate delivery of this data to various systems and repositories automatically kick-starts the necessary processes and procedures that need to be actioned in an effort to move the client through the various lifecycle events.
For more information on Fenergo Data Integration Manager [http://www.fenergo.com/
Fenergo’s sophisticated Client Lifecycle Management solution enables financial institutions to efficiently manage the 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 enhance overall client experience.
With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2014, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$64 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. To learn more, please visit http://www.dtcc.com or follow us on Twitter @The_DTCC [http://www.twitter.com/the_
About Clarient Global LLC:
Clarient Global LLC is a new DTCC company founded in collaboration with Barclays, BNY Mellon, Credit Suisse, Goldman Sachs, JPMorgan Chase and State Street. Clarient Entity Hub acts as a central hub for investment managers, hedge funds, and corporations to upload, securely store, maintain and permission use of legal entity level information, documentation and hierarchy information. It integrates technology and operational expertise to provide increased controls, standardization, data quality and transparency during client onboarding and ongoing client lifecycle activities. Clarient was established in response to the industry’s call to reduce operational complexity and to address regulatory requirements including Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure Regulation (EMIR), and Dodd-Frank requirements. For more information, visit http://www.clarientglobal.com.
Press Contact: Fiona McLoughlin, VP Marketing, Fenergo E: [email protected] T: +353-1-901-3600