Citi Adopts Fenergo to Digitize Transfer Agency Services

Citi’s Global Transfer Agency business has deployed Fenergo’s Client Lifecycle Management platform to digitize investor onboarding and due diligence services for regulated funds in Europe. Using Fenergo’s platform, Citi now enables customized policy-driven risk assessment for Anti-Money Laundering (AML) and Know Your Customer (KYC) checks for clients while making investor onboarding more seamless. Clients benefit from automated data validations and real-time reporting through API connectivity. Citi’s Global Transfer Agency unit is part of the bank’s Fund Services business which caters to institutional clients including asset managers and investment managers who create and run regulated funds for institutional or retail investors.