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Nikko Securities America signs on Fenergo for AML, KYC and lifecycle management

Nikko Securities America has signed on Fenergo for its Client Lifecycle Management solution.

The platform will have a prioritised regulatory focus on anti-money laundering (AML), know your customer (KYC) and the Foreign Account Tax Compliance Act (FATCA).

It will be implemented across a number of trading desks at Nikko including securities, capital markets, asset securitisation and fixed income. The rollout is set to be performed in two phases, with a primary focus on delivering AML and KYC compliance within six months.

Fenergo’s Regulatory Rules Engine, Client & Counterparty Data Management and Regulatory Onboarding solutions will also be distributed to Nikko.

Liam Cuddy, Vice President of Sales for Fenergo America, says: “[Nikko Securities] will now become part of an active client community that works hand-in-hand with our product and regulatory experts to design, develop and deliver software solutions that ensure regulatory compliance, operational efficiencies and improved time to revenue through faster, compliant onboarding.”

He adds: “I look forward to working closely with them over the coming months to help them achieve a world-class Client Lifecycle Management process.”

By Alex Hamilton

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