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PwC Forms Alliance With Fenergo to Streamline KYC Compliance for Financial Institutions

Photo source: economica.net
Vlad Poptamas

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Professional services firm PwC has joined up with leading provider of digital Client Lifecycle Management (CLM) solutions Fenergo to “do KYC differently”.

Collaborating with Fenergo means that PwC will now provide client onboarding and KYC review and refresh operations as managed services, complementing PwC’s existing AML and KYC remediation offerings.

PwC’s financial institution clients can now access an innovative and efficient managed solution to address their ongoing KYC challenges.

The alliance combines PwC’s regulatory expertise and operational capability with Fenergo’s cloud-based, award-winning, CLM solution, increasing PwC’s footprint in the area of financial crime operations.

Designed in response to client demands to shorten onboarding times and amalgamate different KYC processes under a single cloud-based solution, the resulting services will improve the full customer experience while providing regulatory certainty for financial institutions.

Coming as part of PwC’s ongoing focus on digital transformation and developing new models of delivery, the alliance marks a further significant expansion of the financial crime services provided by PwC.

Ian McConnell, PwC Partner, said:

“PwC is always looking at ways to disrupt ourselves and our markets. Acquiring cutting-edge technologies that help our clients is one of the ways we’re doing that.

“Working with Fenergo will enable us to do KYC differently – complementing our regulatory knowledge, delivery capability and experience with cloud-based CLM technology will increase the number of services that we can offer to financial institutions.

“For PwC and Fenergo, the future is one where financial services use the best people and digitally-enabled solutions to deliver the best customer journey. This collaboration makes that future, today.”

Julian Clarke, Head of Partners and Alliances at Fenergo, said:

“The impact that the increasing regulatory landscape is having on financial institutions is significant. Not only is it making the onboarding and managing of clients more difficult, it’s also having a cost implication – both from an operational perspective to ensure that they’re compliant but also in fines. PwC developing new services based on the Fenergo platform makes it even easier for financial institutions to streamline KYC compliance and benefit economically.

“By working with PwC, financial institutions can mutualise the cost and pressure that they’re under whilst also improving the experience for their customers. We’re focused on collaborations that make sure that financial crime doesn’t impede financial institutions. The alliance with PwC is a hugely important part of that ecosystem.”

To discover more about Fenergo’s partner ecosystem click here. The new services from PwC are available to financial institutions now.

Notes for editors

As the challenges associated with regulation and financial crime grow, financial institutions are struggling to keep up, with many still using manual processes to manage Know-Your-Customer remediation. Coupled with the ever growing need to drive a frictionless customer experience, many are in danger of falling foul of regulatory bodies, criminals and a loss of customers if they don’t streamline and speed up their onboarding processes.

 

SOURCE Fenergo

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Autonomous Aircraft Global Market Report 2020-30: Covid 19 Growth and Change

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New York, July 09, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Autonomous Aircraft Global Market Report 2020-30: Covid 19 Growth and Change” – https://www.reportlinker.com/p05930671/?utm_source=GNWClare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

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MULTIMEDIA UPDATE – New Research Reveals Adoption and Implementation of Artificial Intelligence in the Enterprise

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SAN FRANCISCO, July 09, 2020 (GLOBE NEWSWIRE) — Informa Tech media brands, InformationWeek and ITPro Today, today announced findings from their latest research survey the 2020 State of Artificial Intelligence. The team surveyed technology decision makers across North American companies to uncover the ways organizations are approaching and implementing emerging technologies – specifically artificial intelligence (AI) and the Internet of Things (IoT) – in order to grow and get ahead of the competition.Key Findings in the 2020 State of Artificial IntelligenceOrganizations varied a great deal in terms of where they were in their adoption of AI. The largest percentage of organizations (36%) are still in the development stage with their AI programs, and yet nearly one-third (30%) were the most advanced, with multiple applications in general production.The biggest concern organizations had about AI was security, which was cited by nearly half of respondents (48%).Larger companies (1,000 or more employees) said that greater efficiencies within IT operations topped their list of benefits already achieved from existing AI deployments (49%). Smaller companies (fewer than 1,000 employees) said the biggest benefit was new product development (35%), followed closely by IT efficiencies (31%).The majority of those surveyed, (55%), said they were “pioneers” of AI deployment, learning about AI as they engaged with the technology. Very few classified themselves as “bleeding edge early adopters,” nor did they describe their organizations as “resistant laggards.”To download a complimentary copy of The 2020 State of Artificial Intelligence, click here.Media interested in receiving a copy of the report or the State of AI infographic should contact Briana Pontremoli at Briana.Pontremoli@informa.com2020 State of Artificial Intelligence Report Methodology
The survey collected opinions from nearly 300 business professionals at companies engaged with AI-related projects. Nearly 90% of respondents have an IT or technology-related job function, such as application development, security, Internet of Things, networking, cloud, or engineering. Just over half of respondents work in a management capacity, with titles such as C-level executive, director, manager, or vice president. One half are from large companies with 1,000 or more employees, and 20% work at companies with 100 to 999 employees.
About Informa Tech
Informa Tech is a market leading provider of integrated research, media, training and events to the global Technology community. We’re an international business of more than 600 colleagues, operating in more than 20 markets. Our aim is to inspire the Technology community to design, build and run a better digital world through research, media, training and event brands that inform, educate and connect. Over 7,000 professionals subscribe to our research, with 225,000 delegates attending our events and over 18,000 students participating in our training programs each year, and nearly 4 million people visiting our digital communities each month. Learn more about Informa Tech.
Media Contact:
Briana Pontremoli
Informa Tech PR
briana.pontremoli@informa.com 
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/416bdfd6-7702-4850-94b0-4838cf3a396f

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Two Ovation Abstracts Selected for Presentation at ESHRE 2020

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Los Angeles, July 09, 2020 (GLOBE NEWSWIRE) — Ovation® Fertility scientists were invited to present two pieces of research at the ESHRE® virtual 36th Annual Meeting. The event, hosted by the European Society of Human Reproduction and Embryology, took place online July 5-8, 2020.“While the global pandemic may limit our ability to travel and gather in person, it hasn’t stopped Ovation’s commitment to collaboration to advance the state of the art in fertility care,” says Matthew “Tex” VerMilyea, PhD, HCLD/CC, who is vice president of Ovation’s IVF lab operations and one of this year’s ESHRE presenters. “One of the things that makes Ovation unique is that we have multiple IVF laboratories across America, all staffed with skilled scientists who are committed to improving IVF outcomes in collaboration with leading fertility specialists. The Ovation network collects and shares a huge amount of data, and we collaborate both inside and outside of the company to explore new innovations and their impact on the quality of fertility care. We’re excited to be able to share our findings with other scientists from all over the world, and to learn from their studies as well.”The Ovation delegation presented two virtual oral presentations on July 7 at ESHRE 2020:O-116: Camera-agnostic self-annotating artificial intelligence (AI) system for blastocyst evaluation. M. VerMilyea1,2, J.M.M. Hall3,4, S. Diakiw4, A. Johnston3,4, T. Nguyen4, M.A. Dakka4, A. Lim5, W. Quangkananurug6, D. Perugini4, A.P. Murphy4, M. Perugini4. (1Ovation Fertility Austin; 2Texas Fertility Center, IVF Laboratory, Austin; 3Australia/Australian Research Council Centre of Excellence for Nanoscale BioPhotonics, The University of Adelaide, Australia; 4Presagen, Life Whisperer, Adelaide, Australia; 5Alpha Fertility Centre, IVF Laboratory, Petaling Jaya, Malaysia; 6Safe Fertility Center, IVF Laboratory, Bangkok, Thailand.)As in 2018 and 2019, Ovation achieved a 100% acceptance rate for the abstracts its researchers submitted to ESHRE this year. The abstracts for both presentations are available for review at OvationFertility.com/Research  About Ovation FertilityOvation® Fertility is a national network of reproductive endocrinologists and scientific thought leaders focused on reducing the cost of having a family through more efficient and effective fertility care. Ovation’s IVF and genetics laboratories, along with affiliated physician practices, work collaboratively to raise the bar for IVF treatment, with state-of-the-art, evidence-based fertility services that give hopeful parents the best chance for a successful pregnancy. Physicians partner with Ovation to offer their patients advanced preconception carrier screening; preimplantation genetic testing; donor egg and surrogacy services; and secure storage for their frozen eggs, embryos and sperm. Ovation also helps IVF labs across America improve their quality and performance with expert off-site lab direction and consultation. Learn more about Ovation’s vision of a world without infertility at www.OvationFertility.com. Note: The selection of the abstract for publication in the ESHRE press program does not imply endorsement by ESHRE of the products and/or services that Ovation Fertility offers.  AttachmentsMatthew VerMilyeaGlen AdaniyaAmy Hall
Ovation Fertility 214-893-8214
AHall@OvationFertility.com

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