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Vistra, Fenergo to deliver frictionless onboarding for clients

Wednesday, June 12, 2024 — 13:38:42 (EDT)

Hong Kong, June 12, 2024 – Vistra, a leading provider of essential business services and Fenergo, a leader in digital solutions for ‘know your customer’ (KYC), transaction monitoring and client lifecycle management (CLM), today announce their collaboration to deliver frictionless global onboarding.

Serving over 200,000 companies and funds operating across various jurisdictions with diverse regulatory requirements, Vistra is dedicated to making operating globally borderless and frictionless.

To further this vision, Vistra’s Global Incorporations team is collaborating with Fenergo to deploy their SaaS-based CLM product to digitally transform processes for global entity onboarding, KYC and ongoing due diligence.

Fenergo’s end-to-end API-first solution encompasses a deep regulatory content and rules engine. This will digitalise and accelerate onboarding journeys for Vistra’s Global Incorporations clients, while ensuring their compliance with legal and regulatory obligations.

Anne Dolan, Head of Operations for the Global Incorporations team at Vistra, commented: “Running a multinational business, launching a new product or fund, or expanding into new markets is never easy. But our important collaboration with Fenergo means we can help our clients overcome these barriers through integrated technology and harmonised data. Fenergo’s track record in enabling the world’s largest financial institutions to reduce complexity around the onboarding of clients across multiple jurisdictions makes them the ideal partner for us.”

Stella Clarke, Chief Strategy and Marketing Officer, Fenergo, said: “Fenergo’s regulatory expertise and industry-validated solution will provide a robust framework for onboarding clients seamlessly while complying with KYC and AML compliance. Fenergo provides a solid platform from which Vistra can help drive global progress, bringing prosperity amid regulatory flux and geopolitical uncertainty. We’re proud to collaborate with a company whose purpose of progress so closely aligns with our own relentless focus on innovating with purpose for our clients.”

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About Vistra

Vistra is a leading provider of essential business services to help companies and private capital funds grow across the entire business and investment lifecycle.

Here at Vistra, our purpose is progress. As a close ally to our clients, our role is to remove the friction that comes from the complexity of global business. We partner with companies and private capital managers along the corporate and private capital lifecycle. From HR to tax and from legal entity management to regulatory compliance, we quietly fix the operational and administrative frustrations that hamper business growth. With over 9,000 experts in more than 50 markets, we can accelerate progress, improve processes, and reduce risk, wherever your ambition takes you.

For more information about Vistra, visit vistra.com

About Fenergo

Fenergo is the leading provider of Client Lifecycle Management (CLM) solutions that digitally transform how financial institutions, asset management, fintechs and corporate firms onboard and manage clients throughout their client lifecycle. Its software digitally orchestrates every client journey from initial Know your Customer (KYC) and client onboarding, automating regulatory compliance and enabling continuous monitoring throughout the client lifecycle (transaction monitoring, perpetual KYC), all the way to client offboarding. Fenergo is recognized for its in-depth financial services and regulatory expertise and out-of-the-box rules engine which ensures financial institutions are future-proofed against evolving Environmental, Social and Governance (ESG), KYC, Anti-Money-Laundering (AML), tax and prudential regulations across 120+ jurisdictions. Headquartered in Dublin, Ireland, Fenergo has offices in North America, the UK, Poland, Spain, South Africa, Asia Pacific, and the United Arab Emirates.

For further information about Fenergo, please visit: fenergo.com

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Source: Company press release. end of article

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