Aztec Group has selected Fenergo’s Software as a Service (SaaS) client lifecycle management (CLM) to digitalise and streamline onboarding journeys and due diligence processes for anti-money laundering (AML), know-your-customer (KYC) and regulatory compliance.
The independent fund and corporate services provider will leverage Fenergo’s CLM solution across its offices in the Channel Islands, Europe and the US.
Fenergo’s SaaS CLM enables Aztec to digitise the entire lifecycle process, from onboarding to offboarding, while empowering clients and investors with the ability to upload data and documentation directly.
By replacing legacy systems and existing processes for onboarding and compliance, the SaaS solution will enable Aztec Group to onboard investors faster while significantly enhancing the user, client and investor experience, says Fenergo.
Aztec Group specialises in alternative asset classes and administers more than 450 funds.
The company will roll out Fenergo’s CLM SaaS solution in a phased programme in 2022.
Paul Kavanagh, chief revenue officer at Fenergo, comments: “Aztec Group is experiencing impressive growth and looks set to continue that momentum as it executes a comprehensive digital transformation plan, and we’re delighted to be a key part of the technology stack that is fuelling that growth.”
Charlotte Light, chief technology officer at Aztec Group says: “We saw an opportunity to overhaul our onboarding, due diligence and lifecycle management processes, using technology to shoulder the burden of administration and remove some of the effort needed from both our teams and our clients. As a result, we’re able to provide a much smoother onboarding experience and spend more time on value-adding interactions, rather than administrative tasks.”
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