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Fenergo Launches Fen-Cloud, a Cloud Managed Service

10th October 2019 – Fenergo, a leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, has announced the launch of Fen-Cloud, a fully managed services cloud offering.  The move is a direct response to the growing acceptance of cloud amongst financial institutions and requests from the Fenergo client community. Research by Fenergo found that 56% of global financial institutions are prioritising cloud in the next 12 months and 57% have started implementation.

Fen-Cloud offers a fully managed service which includes installation of Fenergo’s CLM solution, deployment, configuration and maintenance of the environments, monitoring, patching and product support amongst others. The application allows IT departments within financial institutions to focus on business-critical tasks while experiencing all the benefits cloud provides including cost savings, reliability, scalability and accelerated digital transformation.

Fen-Cloud allows financial institutions to quickly get business solutions up and running while maintaining the flexibility of customer specific configuration, interfaces, and processes. Alternatively, financial institutions could opt to deploy Fenergo’s CLM platform to their own cloud, maintaining full control of their environment.

Niall Twomey, Chief Technology Officer, Fenergo, said:

Our client engagement approach to product development means that we are highly tuned to the requirements of the financial services industry. Whilst we’ve always been able to deploy our CLM solutions in the cloud, Fen-Cloud is ideally suited to the needs of financial institutions today as they strive to digitally transform customer experiences.