Markit and kyc.com Launch Partnership With Fenergo for Common Clients
- The accord is important as it will coalesce Fenergo’s Regulatory Onboarding and CLM solutions with Markit EDM in a single stroke.
Markit (NASDAQ:MRKT), as well as its joint venture kyc.com, have launched a strategic partnership with software solutions provider Fenergo to help streamline data management solution for shared clientele, according to a Fenergo statement.
Fenergo is a comprehensive provider of Client Lifecycle Management (CLM) software solutions, catering to a number of investing institutions, including corporate and private banks. The subsequent partnership will onboard the existing capabilities of Markit and kyc.com’s Counterparty Manager solution.
The accord is important as it will coalesce Fenergo’s Regulatory Onboarding and CLM solutions with Markit Enterprise Data Management (EDM) in a consolidated stroke. With the aim of enriching client and counterparty data and sending it to downstream systems, both parties will also be utilizing their respective capabilities for clients that already rely on each sovereign component interdependently.
According to Jon May, Chief Executive Officer (CEO) of kyc.com and Managing Director at Markit in a recent statement on the partnership: "Working with Fenergo across kyc.com and Markit's solution sets extends the value that we are providing to our common customer base. By integrating data from Markit EDM across our other solution sets and leveraging Fenergo's workflow capabilities, we are providing validated information for organizations to be ready to transact."
"We are delighted to announce our working relationship with Markit and kyc.com to create a new way of enhancing the client lifecycle management process for financial institutions. Client Lifecycle Management is highly dependent on good quality, consistent and normalized client and counterparty data,” added Marc Murphy, CEO of Fenergo in an accompanying statement.
“Through this relationship, we are automating this process with the provision of quality data and Fenergo's workflow and regulatory rules engine technologies to deliver a highly optimized Client Lifecycle Management process that will help financial institutions significantly improve regulatory and onboarding efficiencies and reduce operational costs," he noted.
Yesterday, Markit made headlines as it acquired the position reconciliation technology assets of the Depository Trust & Clearing Corporation (DTCC) Loan/SERV LLC. The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term will help allow Markit to develop new cash settlement functionality across its loan trade settlement platforms in order to better harmonize asset delivery with Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, whilst reducing risk, and improving overall efficiency.
Markit (NASDAQ:MRKT), as well as its joint venture kyc.com, have launched a strategic partnership with software solutions provider Fenergo to help streamline data management solution for shared clientele, according to a Fenergo statement.
Fenergo is a comprehensive provider of Client Lifecycle Management (CLM) software solutions, catering to a number of investing institutions, including corporate and private banks. The subsequent partnership will onboard the existing capabilities of Markit and kyc.com’s Counterparty Manager solution.
The accord is important as it will coalesce Fenergo’s Regulatory Onboarding and CLM solutions with Markit Enterprise Data Management (EDM) in a consolidated stroke. With the aim of enriching client and counterparty data and sending it to downstream systems, both parties will also be utilizing their respective capabilities for clients that already rely on each sovereign component interdependently.
According to Jon May, Chief Executive Officer (CEO) of kyc.com and Managing Director at Markit in a recent statement on the partnership: "Working with Fenergo across kyc.com and Markit's solution sets extends the value that we are providing to our common customer base. By integrating data from Markit EDM across our other solution sets and leveraging Fenergo's workflow capabilities, we are providing validated information for organizations to be ready to transact."
"We are delighted to announce our working relationship with Markit and kyc.com to create a new way of enhancing the client lifecycle management process for financial institutions. Client Lifecycle Management is highly dependent on good quality, consistent and normalized client and counterparty data,” added Marc Murphy, CEO of Fenergo in an accompanying statement.
“Through this relationship, we are automating this process with the provision of quality data and Fenergo's workflow and regulatory rules engine technologies to deliver a highly optimized Client Lifecycle Management process that will help financial institutions significantly improve regulatory and onboarding efficiencies and reduce operational costs," he noted.
Yesterday, Markit made headlines as it acquired the position reconciliation technology assets of the Depository Trust & Clearing Corporation (DTCC) Loan/SERV LLC. The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term will help allow Markit to develop new cash settlement functionality across its loan trade settlement platforms in order to better harmonize asset delivery with Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, whilst reducing risk, and improving overall efficiency.