Generali Investments Holding, a significant player in the asset management sector with over €504 billion in assets under management (AUM), is partnering with Fenergo, a leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring, and Client Lifecycle Management (CLM). This strategic move is driven by the need to enhance anti-money laundering (AML) compliance measures, particularly in response to the increased complexity of money laundering techniques and sanctions arising from Russia’s invasion of Ukraine.
Generali Investments Holding oversees a vast ecosystem of asset management firms and is responsible for the management of more than €504 billion in AUM. With a strong presence in Italy, the company offers specialized investment capabilities in fixed income, equities, and real estate, serving clients in over 20 countries, including France, Germany, and the UK.
On the other side of this collaboration, Fenergo is renowned for providing CLM solutions that help financial institutions, asset management firms, and fintech companies digitally streamline their client management processes from onboarding to offboarding.
This partnership isn’t the first between these two industry giants. In 2022, Generali Real Estate, a subsidiary of the Generali Group, selected Fenergo’s CLM solution to streamline due diligence for its real estate operations.
As part of this renewed partnership, Generali Investments Holding will leverage KYC and transactional data to detect suspicious activities in real-time, reduce false alerts, and continuously monitor unforeseen risks. This collaboration will not only ensure Generali’s compliance with evolving European AML regulations but also optimize costs and improve client interactions through enhanced data management.
Fenergo’s out-of-the-box rules engine is designed to ensure a seamless client journey from initial KYC and onboarding to regulatory compliance and ongoing monitoring. The company’s global presence includes its headquarters in Dublin and branches across North America, the UK, and the Asia-Pacific region, among others.
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