The bank, which serves private and business clients internationally with a focus on Europe, will use Fenergo’s offering to improve its KYC operations and speed up client onboarding.

The Fenergo solution dovetails with Salesforce to build a single client view across the business. It will allow NIBC to be more resilient in handling ever-changing anti-money laundering rules.

“We needed to replace our KYC system, which was an in-house developed, highly customised application. We are happy with the replacement by Fenergo’s KYC solution,” Daniella Steenbergen, NIBC, said.

Fenergo is headquartered in Dublin and has offices in North America, the UK, Poland, Spain, South Africa, Asia Pacific, and the United Arab Emirates.

NIBC is an “entrepreneurial asset financier” – to use its own term – for companies and individuals. It finances assets from private housing to rental property, commercial real estate, vessels, infrastructure, cars and equipment.