Global Banking Cloth Now, custom policy-driven risk assessments are being enabled for Anti-Money Laundering (AML) and Understand Customers (KYC) to check customers and aim to make investors more seamlessly boarding through a new partnership with financial compliance software providers Fenergo.

Citi Global Transcer Agency Business caters to institutional clients who create and operate normative funds for institutional or retail investors, and deploys Fenergo’s client lifecycle management platform to digitally implement investor onboarding and European regulatory funding due diligence services.

Using Fenergo’s platform, Citi Client now benefits from automated data verification and real-time reporting of connections over APIs.

“The Fenergo platform brings new generations of technologies to bring in-depth working knowledge about the regulatory environment, which is essential to support multiple side investments in various asset classes.” Larissa MilitskayaHead of Global Transfer Agency of Citi Fund Services. “As the regulatory environment evolves, Fenergo adoption ensures that we grow at the same time as the industry, while providing a real-time perspective on investor identity.”

Citi said in Europe, adopting Fenergo for regulated funds is part of its transfer agency’s ongoing digital transformation agenda and follows the bank’s award-winning digital transfer agency’s award-winning digital transfer agency in the UK in 2023. The bank has already provided the UK market with a complete digital customer life cycle service.

Ruth OrmsbyFenergo EMEA Managing Director also commented on the partnership: “We are pleased to support Citi’s global transfer agency business in Europe through our Customer Lifecycle Management Platform.

“Fenergo is firmly established as a market leader in this field and we are committed to growing the platform with the latest innovations. This is aligned with our goal to empower financial institutions like Citi to create more engaging experiences for investors while maintaining the highest standards. obey and operational excellence. ”