FAB Bolsters CLM Operations with Fenergo for Digital Client Onboarding

First Abu Dhabi Bank has integrated Fenergo's SaaS Client Lifecycle Management platform to accelerate client onboarding and strengthen its anti-money laundering compliance capabilities.

The implementation enables FAB to deliver end-to-end digital risk assessments covering sanctions screening, AML checks, and know-your-customer verification through a single platform. Fenergo's system replaces manual, document-heavy processes with automated workflows that can assess client risk profiles and regulatory obligations in a fraction of the time required by traditional methods.

For FAB, the UAE's largest bank by assets, the Fenergo deployment addresses the growing complexity of regulatory compliance across its international operations. The bank operates in multiple jurisdictions, each with distinct AML and KYC requirements, making a unified compliance platform essential for maintaining consistent standards while managing costs.

Client onboarding in corporate and institutional banking has historically been one of the most friction-laden processes in the industry, with new client relationships often taking weeks to establish due to documentation requirements and manual compliance checks. Fenergo's platform is designed to compress this timeline by automating data collection, verification, and risk scoring.

Fenergo, an Irish fintech specialising in regulatory technology for financial institutions, has built a significant client base among global banks. The company's cloud-based platform is updated to reflect regulatory changes across jurisdictions, reducing the burden on banks to manually track and implement evolving compliance requirements.

The deployment is part of FAB's ongoing investment in technology to improve operational efficiency across its compliance and risk management functions.