Over recent years, evolving regulatory requirements have placed a strain on FI compliance functions. FIs today are still burdened with multiple onboarding compliance processes and technologies with many manual processing steps throughout.
IBM and Fenergo announced a strategic partnership to offer an AI-enabled end-to-end client life-cycle management (CLM) solution for the financial services industry. From IDC’s perspective, this is a smart collaboration between the two companies.
IDC Financial Insights sees the IBM and Fenergo partnership as one that could potentially have substantial effects within the CLM and KYC markets. To learn more, please read the full report.
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