Fenergo Launches Fenergo Data Integration Manager to Create a Single Client View for Client Lifecycle Management

Dublin (ots/PRNewswire) -

Solution to include integration with DTCC's Avox and Omgeo, and
Clarient Global

Fenergo (http://www.fenergo.com/), the leading provider of Client
Lifecycle Management software solutions for investment, corporate and
private banks, has today launched Fenergo Data Integration Manager to
enhance the Client Lifecycle Management process for financial
institutions.

(Logo: http://photos.prnewswire.com/prnh/20150114/724322 )

A rules-driven data interface solution, Fenergo Data Integration
Manager (http://www.fenergo.com/solutions/fenergo-data-integration-ma
nager.html) consumes, processes and routes client and counterparty
data from multiple sources and systems, delivering high quality and
streamlined data ready to support and evidence regulatory client
lifecycle and reporting processes.

The solution is being launched in response to an immense data
management challenge being faced by financial services organizations.
As Joe Dunphy
(http://www.fenergo.com/top-menu/who-we-are/management-team/),
Fenergo VP Product Management, explains: "While there are an
increasing number of options available in the market for sourcing
client and counterparty data, they are rarely in sync and there is no
'one-stop shop' for all of a bank's counterparty data needs. This
places an additional burden on the users of that data to manage
multiple sources, resolve and remediate discrepancies, and apply
appropriate data management rules. This means that financial
institutions are spending more time, effort and money than is
necessary to manage data to meet regulatory requirements and manage
the client lifecycle efficiently."

Fenergo Data Integration Manager fuses together vendor-specific
APIs (Application Program Interfaces) and file-based interfaces with
intelligent rules logic and an advanced workflow solution to create a
true end-to-end Client Lifecycle Management
(http://www.fenergo.com/solutions/client-lifecycle-management.html)
process. The solution offers a rich user interface to manage multiple
sources of data and complete the data management and remediation
activity, enabling financial institutions to handle conflicting data,
bulk actions, subscriptions, challenge data, as well as comparison
and updating functions.

The firm is working with a host of data providers that make up the
legal entity data eco-system, including three of DTCC's data
services:

- Avox, the industry's premier legal entity data validation and
monitoring service with validated data for almost 2 million legal
entities,
- Clarient Entity Hub, a comprehensive, secure client data and
document management industry-led utility,
- (and later to) Omgeo ALERT, the industry's SSI Utility and the
largest global database for account and standing settlement
instructions (SSI).

"We've invested a significant amount of work integrating with key
data offerings - from entity data providers, such as DTCC
(http://www.dtcc.com)'s Avox (http://www.avox.info), to KYC
utilities, including Clarient Entity Hub
(http://www.clarientglobal.com), and from industry data providers,
such as Omgeo ALERT, to AML data providers. We've also created
plug-ins to bank trading platforms to ensure that all cleansed,
remediated and validated data can be propagated to downstream systems
to share the single client view required to make the regulatory
compliance and Client Lifecycle Management
(http://www.fenergo.com/solutions/client-lifecycle-management.html)
processes faster and more efficient. Our vision over the coming
months is to connect other data feeds in the eco-system to Fenergo
Data Integration Manager, extending to such providers as SWIFT", adds
Dunphy.

The application of intelligent rules logic means that the data can
undergo intelligent processing to understand what it contains and to
where it needs to be delivered and automatically apply precedence
rules and data consolidation and routing. The safe and accurate
delivery of this data to various systems and repositories
automatically kick-starts the necessary processes and procedures that
need to be actioned in an effort to move the client through the
various lifecycle events.

For more information on Fenergo Data Integration Manager (http://w
ww.fenergo.com/solutions/fenergo-data-integration-manager.html),
please visit http://www.fenergo.com.

About Fenergo:

Fenergo's sophisticated Client Lifecycle Management solution
enables financial institutions to efficiently manage the regulatory
onboarding and entity data management processes. Its rules-driven
solution ensures compliance with multiple regulatory frameworks and
supports the collection, centralization and sharing of client and
counterparty data and documentation across the institution. By
expediting compliance and improving operational efficiencies,
Fenergo's solutions can onboard clients faster, improve time to
revenue and enhance overall client experience.

About DTCC:

With over 40 years of experience, DTCC is the premier post-trade
market infrastructure for the global financial services industry.
From operating facilities, data centers and offices in 16 countries,
DTCC, through its subsidiaries, automates, centralizes, and
standardizes the post-trade processing of financial transactions,
mitigating risk, increasing transparency and driving efficiency for
thousands of broker/dealers, custodian banks and asset managers
worldwide. User owned and industry governed, the firm simplifies the
complexities of clearing, settlement, asset servicing, data
management and information services across asset classes, bringing
increased security and soundness to the financial markets. In 2014,
DTCC's subsidiaries processed securities transactions valued at
approximately US$1.6 quadrillion. Its depository provides custody and
asset servicing for securities issues from over 130 countries and
territories valued at US$64 trillion. DTCC's global trade repository
maintains approximately 40 million open OTC positions and processes
roughly 280 million messages a week. To learn more, please visit
http://www.dtcc.com or follow us on Twitter @The_DTCC
(http://www.twitter.com/the_dtcc).

About Clarient Global LLC:

Clarient Global LLC is a new DTCC company founded in collaboration
with Barclays, BNY Mellon, Credit Suisse, Goldman Sachs, JPMorgan
Chase and State Street. Clarient Entity Hub acts as a central hub for
investment managers, hedge funds, and corporations to upload,
securely store, maintain and permission use of legal entity level
information, documentation and hierarchy information. It integrates
technology and operational expertise to provide increased controls,
standardization, data quality and transparency during client
onboarding and ongoing client lifecycle activities. Clarient was
established in response to the industry's call to reduce operational
complexity and to address regulatory requirements including Know Your
Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European
Market Infrastructure Regulation (EMIR), and Dodd-Frank requirements.
For more information, visit http://www.clarientglobal.com.

ots Originaltext: Fenergo
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Fiona McLoughlin, VP Marketing, Fenergo
E: fiona.mcloughlin@fenergo.com
T: +353-1-901-3600