Fenergo, the provider of digital solutions for KYC and CLM, has launched a new perpetual KYC solution to enable financial institutions to streamline periodic KYC review processes and reduce costs through automation. The solution, Fenergo Smart Review, automates the continuous monitoring of client profiles for KYC compliance by identifying all changes to relevant entity data, transactions and AML screening. It assesses the risk impact of these changes to client circumstances while automatically determining relevancy and materiality. This enables lower-risk cases to be straight through processed while higher-risk cases are prioritised for enhanced due diligence. Available globally to all financial institutions, Fenergo Smart Review is a modular addition to Fenergo’s SaaS CLM offering and comes pre-configured with integrations to leading data and screening providers.
