– Fenergo, a leading provider of Client Lifecycle Management (CLM) and Know Your Customer (KYC) solutions, has announced a strategic partnership with PwC to accelerate the adoption of AI-powered compliance technology among financial institutions worldwide. This collaboration integrates PwC’s deep expertise in financial crime compliance with Fenergo’s cutting-edge digital solutions, enabling organizations to enhance operational efficiency, regulatory adherence, and risk mitigation.

By combining PwC’s financial crime risk management capabilities with Fenergo’s AI-powered CLM technology, the partnership delivers an integrated solution designed to help financial institutions digitally transform their financial crime operations. This approach not only strengthens compliance frameworks but also streamlines client onboarding, improves risk assessment accuracy, and reduces the total cost of ownership through advanced automation and API-driven integrations.

Driving Digital Transformation in Financial Crime Operations

Matt Edwards, Global VP for Partnerships and Alliances at Fenergo, emphasized the significance of the collaboration, stating:

“Together with PwC, we are delivering an optimized target operating model for CLM that empowers financial institutions to efficiently mitigate financial crime risks while driving sustainable growth and operational efficiencies.”

Fenergo’s CLM solution is designed to help financial services firms realize tangible benefits from their digital transformation efforts. The platform offers:

• Faster client onboarding with streamlined processes for low-to-medium risk clients
• Enhanced operational efficiencies by reducing manual touchpoints
• Automated, policy-driven risk assessments aligned with evolving regulatory requirements
• Lower total cost of ownership through API-first integrations and cloud-native deployment

PwC’s Expertise Enhancing Fenergo’s Scalable CLM Technology

PwC’s contribution to the partnership includes its Target Operating Model design, end-to-end customer experience journey mapping, operational readiness, data migration, systems integration, and business change management expertise.

Mark Hunter, Partner at PwC, underscored Fenergo’s technological leadership, noting:

“Fenergo’s platform is uniquely positioned to serve mid-market to large multinational organizations. Its scalability, flexibility, and advanced automation capabilities provide financial institutions with the tools they need to navigate complex regulatory landscapes while handling high transaction volumes with efficiency and precision.”

Global Impact and Industry Leadership

PwC, a multinational professional services firm operating in 152 countries, serves over 85% of the Global Fortune 500. With annual revenues exceeding $55 billion, PwC is a recognized leader in advisory, assurance, and financial risk management. The firm’s innovative approach to digital transformation in compliance was showcased at FinovateFall 2021, where it won the Best of Show award for its Customer Link platform.

Dublin-headquartered Fenergo, a pioneer in AI-driven CLM solutions, made its Finovate debut at FinovateEurope 2012. The company provides financial institutions, asset managers, and fintech firms with automated AML and KYC due diligence, centralized CLM processes, and seamless client and product onboarding.

This partnership follows Fenergo’s recent launch of the Trader Request Portal, an all-in-one KYC, onboarding, and trade request management platform tailored for the energy and commodities sector. The solution simplifies compliance workflows and accelerates trade execution by integrating AI-driven identity verification and risk assessment tools.

With this latest collaboration, Fenergo and PwC reinforce their shared commitment to enabling financial institutions to navigate regulatory complexities, combat financial crime, and enhance the overall client experience through AI-powered digital transformation.