Compliance
Compliance Corner: Fenergo, NIBC
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Fenergo, NIBC
Fenergo, the European
regulatory technology business operating in areas such as KYC and
client lifecycle management, announced this week that it has
deployed its software-as-a-solution tech to NIBC, the Netherlands-based
bank.
The bank, which serves private and business clients
internationally with a focus on Europe, will use Fenergo’s
offering to improve its KYC operations and speed up client
onboarding.
The Fenergo solution dovetails with Salesforce to build a single
client view across the business. It will allow NIBC to be more
resilient in handling ever-changing anti-money laundering
rules.
“We needed to replace our KYC system, which was an in-house
developed, highly customised application. We are happy with the
replacement by Fenergo’s KYC solution,” Daniella Steenbergen,
NIBC, said.
Fenergo is headquartered in Dublin and has offices in North
America, the UK, Poland, Spain, South Africa, Asia Pacific, and
the United Arab Emirates.
NIBC is an “entrepreneurial asset financier” – to use its
own term – for companies and individuals. It finances assets
from private housing to rental property, commercial real estate,
vessels, infrastructure, cars and equipment.