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Fenergo Awarded for AI-Driven Customer Onboarding in Chartis RiskTech AI 50

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Fenergo also positioned within Top 20 Vendors for leadership in AI in risk management  

19th September 2024, 2024 - Dublin - Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM) announces today that it has received an award for AI-Enabled Customer Onboarding by Chartis Research in its inaugural RiskTech AI 50 report. The award, recognizing Fenergo’s AI-powered CLM, follows a detailed analysis by Chartis of risk technology vendors to assess capabilities and uses of AI.  

Fenergo is also positioned number 19 in the league of 50 of the industry’s top AI risk technology providers in the RiskTech AI 50. The ranking is determined from a scoring criteria based on four key areas including impact, deployment, strategy and innovation. The report and rankings aim to guide financial institutions through the evolving field of AI-driven risk management.   

Chartis’ Research Principal, Maryam Akram, commented: “Fenergo’s strategic application of AI and machine learning across various stages of its end-to-end Customer Lifecycle Management platform was instrumental in securing its position in the RiskTechAI ranking. Its sophisticated use of machine learning in such areas as document processing and advanced reporting is particularly noteworthy.” 

Niall Twomey, Chief Technology Officer, Fenergo, said: “To be recognized as the leader for AI-enabled Customer Onboarding by Chartis is a huge honor and is testament to Fenergo’s commitment to prime our clients for success through continued innovation.   

Our unique client community model enables us to deliver solutions that meet the exact needs of the industry. With the introduction of AI into our solutions, our clients can significantly increase efficiency gains, accelerating processes for onboarding and due diligence while enhancing the client experience and unlocking crucial growth opportunities.” 

For more details on Fenergo’s AI-powered CLM click here or to request a demo contact us at hello@fenergo.com