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Generali Investments taps Fenergo to bolster AML compliance

By Gloria Methri

October 19, 2023

  • AML Compliance
  • Client Lifecycle Management
  • Europe

Generali Investments, Generali Investments Holding, Fenergo, KYC, CLM, Risk Monitoring, due diligence, client onboarding, FinTech, UK, EuropeGenerali Investments Holding, the holding company of Generali Investments’ group, is deploying Fenergo’s SaaS Client Lifecycle Management (CLM) for enhanced anti-money laundering (AML) compliance processes.

Generali Investments Holding will implement Fenergo’s end-to-end CLM encompassing onboarding, KYC, and transaction monitoring to address the rise in sophisticated money laundering techniques and related sanctions. The company first partnered with Fenergo in 2022, when Generali Real Estate selected Fenergo’s CLM solution to manage due diligence across its real estate counterparties.

Generali Investments Holding will use KYC and transactional data to detect and flag suspicious activity in real time, minimize time and effort spent on false positives, and continuously monitor for unexpected risks and events.

Fenergo’s integrated offering will provide investors with greater cost optimization and resource efficiency across its AML and client onboarding processes.

In parallel to KYC, the company will leverage Fenergo to manage the operational steps associated with creating a mandate for the investor during the onboarding process. The partnership will also enhance the client experience of Generali Investments’ ecosystem, empowering users to digitally interact with their data in real-time.

Headquartered in Italy, the holding company delivers a portfolio of specialist investment capabilities spanning fixed income, equities, and real estate across 20+ countries worldwide, including France, Germany, and the UK.

Katia Mangiaracina, Chief Operating Officer of Generali Investments Holding, said, “With money laundering techniques growing increasingly sophisticated over recent years, coinciding with an uptick in sanctions following Russia’s invasion of Ukraine, ensuring our AML processes are as robust as possible has been one of our keys focuses this year. Having witnessed Generali Real Estate’s successful integration of Fenergo’s technology, we were confident its market-leading KYC and Transaction Monitoring offering would be the best fit for our business.”

Stella Clarke, Chief Strategy Officer, Fenergo, added, “Fenergo’s API-first CLM platform will permit Generali Investments to drive onboarding efficiencies and achieve smarter, real-time risk monitoring at this crucial time for European AML regulation. We are extremely proud to partner with Generali, allowing us to deliver on our mission to make the financial services industry safer by transforming the way in which our clients comprehend and manage their business.”

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