Essential business services vendor, Vistra, and KYC transaction monitoring and client lifecycle management outfit, Fenergo, have teamed up. The aim is 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. Specifically, it will to deploy its SaaS-based CLM product to digitally transform processes for global entity onboarding, KYC and ongoing due diligence.
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Fenergo says its end-to-end API-first solution encompasses a deep regulatory content and rules engine.
Anne Dolan, Head of Operations for the Global Incorporations team at Vistra, said: “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, added: “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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