Newsroom

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®.

Fenergo Group Limited reports €12.6 million profit before tax and 20% increase in recurring revenue

Fenergo reports a profit before tax of €12.6 million and a 20% increase in software licence growth in its financial results for the year ending March 2024.

Pictet bolsters fund servicing capabilities with Fenergo CLM

Geneva-based investment group Pictet has deployed Fenergo’s CLM solution to further enhance its asset servicing capabilities

Asset Managers Face an Efficiency Gap with 74% of Firms Losing an Investor Due to Delayed and Inefficient Investor Onboarding

Asset management firms cite poor data quality, lack of onboarding automation, and inefficient KYC workflows as top factors preventing accurate views of investors and portfolios.

Boerse Stuttgart Digital partners with Fenergo to scale regulatory compliant crypto solutions across Europe

Fenergo Expands into the Energy and Commodities Sectors, Bringing Intelligent KYC and Onboarding Solutions to New Markets

Already partnering with some of the world’s largest oil and gas, and commodities companies, Fenergo delivers solutions to meet the industry’s complex onboarding & compliance challenges

Fenergo Wins Three Coveted Awards in Chartis RiskTech100®

Share of Banks Losing Clients to Poor KYC Practices Surges to Record High

The number of global banks losing clients to slow and inefficient know your customer (KYC) onboarding practices has surged to a record high this year, according to new research from Fenergo

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

Fenergo recognized as the Category Leader for Completeness of Offering in the 2024 Chartis RiskTech Quadrant® for KYC Solutions.

Fenergo Appoints Renowned Financial Crime Partner Michael Shepard to Advisory Board

A seasoned expert with nearly four decades of experience, Shepard has served as a former Deloitte Financial Crime leader, bank executive and U.S. Department of Justice prosecutor.

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

Fenergo announces that it has received an award for AI-Enabled Customer Onboarding by Chartis Research in its inaugural RiskTech AI 50 report.

Landesbank Baden-Württemberg (LBBW) selects Fenergo for International Business

Fenergo will support LBBW's business in Europe (excluding Germany), the United Kingdom and Asia and thus around 1,500 institutional and corporate customers.

Fenergo Awarded Prestigious Gold Medal from EcoVadis for Sustainability Performance

Coveted Gold recognition awarded for outstanding Corporate Social Responsibility (CSR) and sustainable business practices