Nikko America Taps Fenergo for Client Lifecycle Management
Implementation of software will occur in two phases.
Fenergo's implementation, which will take place across Nikko America's trading desks in securities broker-dealer, capital markets, asset securitization and fixed income, will focus on anti-money laundering (AML), know your customer (KYC) and the Foreign Account Tax Compliance Act (Fatca).
The integration of the solution will take place in two phases, with the first focusing on AML and KYC compliance being put in place after six months. Extended automation and integration will take place in the latter phase.
Fenergo will also implement its regulatory rules engine, which dictates the client's regulatory journey. A client and counterparty data management solution will also be added that centralizes, validates, stores and distributes legal entity data across the organization.
The regulatory onboarding solution will ensure all the sub-processes required for a client to be added to Nikko America will also take place.
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