IBM & Fenergo Join Forces to Fight Financial Crime
International Business Machines Corporation (IBM)
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Source: PR Newswire
DUBLIN and ARMONK, New York, April 21, 2020 /PRNewswire/ -- Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, and IBM (NYSE: IBM) today announced the signing of an original equipment manufacturing (OEM) agreement that will allow the companies to collaborate on solutions that can help clients address the multitude of financial risks they face.The agreement enables IBM and Fenergo to create solutions that combine Fenergo's CLM offering with IBM's RegTech portfolio of anti-money laundering (AML) and know-your-client (KYC) solutions, all built with Watson. As a result, IBM will offer companies a complete AI application suite that is focused on risk and compliance and helps clients fend off financial criminals and meet their intensifying regulatory requirements for disclosure.IBM plans to build on this work to assist clients in integrating AI-driven insights from its Financial Crimes Insight
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