19th November – Dublin, London, New York – Fenergo, the leading provider of digital solutions for client lifecycle management (CLM), has won three award categories for the second consecutive year in the Chartis RiskTech100® 2022. Fenergo won awards in the Client Lifecycle Management (CLM), Know Your Customer (KYC) and Onboarding solution categories. Fenergo also climbed four places to number 29 in the industry-renowned ranking of major global players in risk and compliance technology. Fenergo has risen 41 places in the ranking since its inaugural report appearance in 2015.
“With continuous changes to regulatory policy across the globe, compliance technology is high on the agenda for financial institutions,’ said Phil Mackenzie, Research Principal at Chartis. ‘Fenergo is committed to developing technology that digitalises compliance processes and improves customer experience, and this is reflected in its continued success and award wins in the RiskTech100.”
In response to rising demand for an agile solution that can be deployed rapidly and reduce costs significantly, Fenergo’s CLM solution is now available as a software as a service (SaaS) in addition to via the cloud and on-premise.
Powered by AWS, Fenergo’s API-first solution can be deployed quickly, reduce total cost of ownership while delivering the benefits of its CLM.
Stella Clarke, Chief Marketing and Strategy Officer, at Fenergo said “We are thrilled to be once again recognised by Chartis Research as a leader in CLM, KYC and Onboarding. We thank our clients and partners for their positive feedback, which informed our successful ranking in Chartis’ annual report. Our unique community approach to solution development and our deep expertise in customer risk management and compliance enable us to continue to deliver solutions that meet the needs of financial institutions in today’s rapidly evolving market.”
Fenergo was selected as the winner in all three categories by Chartis Research following a rigorous evaluation of 100 global risk technology vendors for its annual study of the top 100 risk technology companies.
Fenergo is the leading provider of digital solutions for client lifecycle management (CLM) and digital transformation for financial institutions. Its software digitally transforms and streamlines end-to-end CLM processes—from regulatory onboarding, data integration, client and counterparty data management, client lifecycle reviews and remediation, all the way to client offboarding. Fenergo is recognised for its in-depth financial services and regulatory expertise, community-based approach to product development and rules engine which ensures financial institutions are future-proofed against evolving Know Your Customer (KYC), Anti-Money-Laundering (AML), tax and OTC derivatives-based regulations across 120 jurisdictions. Fenergo supports over 80 financial institutions across corporate and institutional banking, asset and wealth management and commercial banking.
About Chartis Research:
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.