Newsroom

Global Financial Institutions Struggle with Rising Client Losses and Compliance Costs as AI Adoption Increases – Fenergo

Fenergo Enhances FinCrime OS with Native ID&V, Delivering Accelerated Compliance in One Platform

This development further strengthens FinCrime OS as the most comprehensive operating system for financial crime and compliance.

Regulatory penalties for global financial institutions skyrocket 417% in H1 2025

The value of regulatory fines issued to financial institutions globally in H1 2025 more than quadrupled compared to the same period last year.

Fenergo survey: Over 25% of financial services firms forecast $4M+ in annual compliance operations savings through agentic AI

Fenergo conducted a study in collaboration with Chartis Research, which surveyed 90 risk, compliance and technology professionals across asset managers and corporate, investment, and commercial banks

Fenergo creates 500 new jobs as part of €100 million investment in RD&I supported by Enterprise Ireland

Backed by Enterprise Ireland, Fenergo ramps up innovation with a major R&D investment, creating 300 new roles in Ireland to fuel its global fintech ambitions.

Fenergo Recognized as a Leader in AI-Driven Customer Onboarding by Chartis Research

Fenergo announces that it has been awarded for its agentic AI capabilities by Chartis Research in the RiskTech AI 50 2025 report.

Fenergo launches FinCrime Operating System with Agentic AI Layer to supercharge productivity

Fenergo has launched its FinCrime Operating System (OS), an evolution of its existing solutions to become the single unifying platform across the Client Lifecycle.

U.S. Bank Global Fund Services announces it will leverage Fenergo for investor onboarding transformation

U.S. Bank Global Fund Services (GFS) announced it has engaged Fenergo to digitize and streamline the investor onboarding and service experience

Ocorian selects Fenergo to strengthen compliance and enhance client lifecycle management

Ocorian, specialist global provider of fund administration, capital markets, corporate, fiduciary and regulatory services, has partnered with Fenergo to strengthen compliance and enhance CLM.

Fenergo Positioned as Category Leader in the 2025 Chartis RiskTech Quadrant® for CLM in Corporate & Investment Banking

Fenergo has been recognized as the Category Leader in the 2025 Chartis RiskTech Quadrant® for CLM Solutions for Corporate and Investment Banking (CIB)

Fenergo Ranks at Number 9, wins multiple awards in Chartis Financial Crime and Compliance 50 2025 Report

Fenergo achieved a top-10 ranking and secured two category awards for vertical and segment excellence (Asset Servicing & Wealth Management)

Aduro Advisors Partner with Fenergo to Deliver Seamless AML and KYC Compliance Ahead of New FinCEN Regulations

Fenergo announces that it has partnered with Aduro Advisors, LLC (“Aduro”), a premier US-based fund administrator serving venture capital and private equity firms.

Fenergo Receives SBTi Validation of Climate Targets

Fenergo announces the validation of its climate targets by the Science-Based Targets initiative (SBTi).

Fenergo and PwC Combine Financial Crime & Technology Expertise to Accelerate Value to Financial Institutions

Fenergo announces that it has joined forces with PwC to accelerate the delivery of Fenergo’s AI-powered CLM and KYC solutions to financial institutions across multiple territories.

Singapore banks grapple with client exodus amid record high KYC failures

Singapore’s banking industry is facing an unprecedented challenge as the number of clients abandoning banks due to slow and inefficient onboarding practices has surged to record levels

Fenergo Launches the First All-in-One KYC, Onboarding and Trade Request Management Platform for the Energy and Commodities Sector

Fenergo announces the launch of its KYC and Onboarding solution with a Trader Request Portal to streamline and accelerate counterparty onboarding.

UK Penalties for AML Regulatory Breaches rise 156%

Fenergo Study: Regulatory Penalties in North America Account for 95% of Global Financial Penalties in 2024

Nearly 50 fines were issued by U.S. regulators in 2024, with North America accounting for an overwhelming 95% of the $4.6 billion in global financial penalties.

Singapore’s financial sector must brace for heightened regulatory scrutiny and enforcement action in 2025

While global financial fines saw a modest reduction of 30% in 2024, Singapore prepares for increased enforcement amid tightened compliance measures with 22% increase in fines issued in 2024 from 2023.

Chartis Recognizes Fenergo as Category Leader in 2024 AML Transaction Monitoring Solutions Quadrant®

Fenergo has been recognized as the Category Leader for Completeness of Offering in the 2024 Chartis AML Transaction Monitoring Quadrant®.