Fenergo Leads in Compliance Management for Second Year Running in 2024 IBSi Sales League Table

21st June, 2024 - London, UK - Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM) announces today that it has been recognized by the IBS Intelligence (IBSi) Sales League Table (SLT) for demonstrating sales excellence in Compliance Management technology for banking.

This is the second year in a row that Fenergo has appeared in the IBSi Leadership Club in the Compliance Management category, due to continued strong sales performance in 2023. Fenergo continued to gain momentum in the past year by signing 34 new client contracts across the Americas, EMEA and APAC, increasing revenue by 22%. New clients include Centralis, NIBC, Vistra, and First Abu Dhabi Bank (FAB).

Fenergo accepted the award at IBSi’s annual SLT gala dinner at the Shangri-La Hotel, London. This year’s SLT features participation from 50+ suppliers, encompassing more than 1,200 deals across 150+ countries in 20 system categories.

Utilizing technology is crucial for the banking industry in the constantly shifting economic and political landscape which they operate in today. The SLT, with its 22-year history, is one of the most industry-acknowledged benchmarks for global banking technology suppliers’ innovation and sales excellence. It provides a comprehensive overview of the market, helping stakeholders identify top-performing suppliers and emerging trends. 

“We are delighted to be recognized as leaders in Compliance Management technology for the second year running in the prestigious IBS Intelligence SLT report. This recognition is testament to Fenergo’s continued track record serving financial institutions with innovative technology to address the challenges caused by surging compliance obligations.”

“With geopolitical uncertainty and ongoing conflicts continuing to shape the regulatory environment, Fenergo is committed to supporting financial institutions and corporates in their growth and future proofing compliance in the years to come.” said Stella Clarke Chief Strategy & Marketing Officer, Fenergo.

Detailed analysis and insights are in the SLT Report 2024, available for subscription here.