Compliance

Compliance Corner: Fenergo, NIBC

Editorial Staff 15 December 2023

Compliance Corner: Fenergo, NIBC

The latest compliance news: regulatory developments, punishments, guidance, permissions, new product and service offerings.

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.

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