Chartis Recognizes Fenergo as Category Leader for KYC in 5th Consecutive Year

Selected as leader for Completeness of Offering   

10th October 2024 - Dublin - Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), anti-money laundering (AML) Transaction Monitoring and Client Lifecycle Management (CLM) announces today that it has been recognized as the Category Leader for Completeness of Offering in the 2024 Chartis RiskTech Quadrant® for KYC Solutions. This is the fifth consecutive year that Fenergo has maintained its leading position in the Quadrant.  

Chartis’ Senior Research Specialist Ahmad Kataf, commented:  

‘Fenergo’s strong automation capabilities, together with its ability to build complex hierarchies of client information and configurable workflows, were key considerations in its placing in Chartis’ KYC Solutions quadrant. Also contributing to its placement were its successful expansion into neighbouring areas (including energy and asset management), and its continued growth.’ 

Fenergo maintains its leading position in the Quadrant (see Quadrant) following detailed analysis of the market by Chartis to explain to buyers which solutions are best according to their implementation strategies. The RiskTech Quadrant® employs a comprehensive methodology of in-depth independent research and a clear scoring system to explain which technology solutions meets an organization's needs. 

Stella Clarke, Chief Strategy & Marketing Officer, said:

“We are honored to maintain our leading position in Chartis’ RiskTech Quadrant® for KYC for the fifth year running. It is testament to our commitment to innovation and ability to enter and thrive in new and adjacent markets.” 

“Fenergo’s sweet spot has historically been in enabling financial institutions to streamline highly complex processes for client onboarding and KYC which in turn drives growth and optimizes client experiences. Our API-integrated solution’s ability to build rich KYC profiles from internal and external data sources for the continuous monitoring of risk is unrivalled. This also transfers well to markets with similar challenges including asset servicing, asset management and energy and commodities. With the advent of AI into our CLM platform, our clients across all markets can realize the benefits much faster while reducing regulatory risk and maintaining a focus on growth,” continued Stella.  

Visit www.fenergo.com for more details on Fenergo’s AI-powered CLM and KYC or to request a demo contact us at hello@fenergo.com