Opus’s knowledge in curating external data will power Fenergo’s risk scoring, regulatory rules engine and CLM software to provide a solution for regulatory reporting frameworks including KYC and anti-money laundering requirements.
According to Opus, clients will benefit from an automated process to integrate and then continuously monitor client entity data.
The partnership will also enable further integration by making use of external data sources, including sanctions lists, business news, economic data and shareholder data.
Emanuele Conti, CEO of Opus, said: “Our market leading data solutions have been powering many of the largest global financial institutions needs in the areas of KYC, AML and other compliance processes.”
He added: “We are delighted to partner with Fenergo where an increasing number of clients look to modernise their CLM process.”
Marc Murphy, CEO and founder of Fenergo, commented: “Our partnership with Opus, the proven leader in data aggregation and integration, will enable clients to understand complex data sources and develop clearer, quicker views into entity ID verification, beneficial ownership, and customer due diligence relevant content from both premium and open sources, allowing them to minimise KYC risks through world class technology.”