19th November 2013, Dublin, Ireland – Fenergo, the global leader in client lifecycle management solutions for investment banks and capital market firms, has been named winner of the Technology Innovation of the Year accolade at the ISA Software Industry Awards.
The ISA Software Industry Awards celebrate companies that have achieved exceptional success, developed innovative technologies and partnership and achieved significant sales results over the past year. In winning the Technology Innovation of the Year award, Fenergo was recognized for making the most technical innovation in its developed platform over the last year, demonstrating clear visionary and transformative technology.
The company has invested heavily in innovating its Client Lifecycle Management platform to solve the challenges investment banks and capital market firms face in complying with a broad range of regulations and managing the entity data and document management necessary to support regulatory compliance and timely client onboarding.
Commenting on the prestigious win, Marc Murphy, CEO of Fenergo, said, “We are so proud and honored to receive the ISA award for Technology Innovation of the Year. We have worked hard to align our platform with the needs of investment banks and capital market firms to solve the challenges of operating in an increasingly regulatory environment. The Fenergo Client Lifecycle Management platform not only ensures compliance with existing and evolving regulations, but future-proofs financial institutions against emerging regulations through enhanced configurability and a sophisticated rules engine. By managing compliance, client data and documentation in one place, financial institutions can get back to the business of onboarding new clients quickly and efficiently, and generating much-needed revenues”.
The investment in its technology and innovation stack has provided Fenergo with a platform for growth and future global expansion. Over the last six months, the company has internationalized into new markets for its solutions, having won five new-named clients with Tier 1 financial institutions across the US, Canada and the UK. On the back of this success, the company has attracted €4m new equity funding from Investec Partners to accelerate its market expansion. It is actively building out its global team from its Dublin headquarters and opened its first strategic North American office in Boston earlier this month, with plans to open its New York office within the next few months.
For more information on this announcement, please contact:
Fiona McLoughlin, Head of Marketing, Fenergo
T: +353 1 856 5915
Fenergo is an award-winning provider of enterprise platform solutions designed to help financial institutions to manage the end-to-end regulatory onboarding process – from onboarding, to management of client and counterparty data and regulatory compliance with existing and emerging regulations. These solutions simplify and rationalize often complex operational interactions of client lifecycle management by orchestrating onboarding, regulatory compliance and KYC activities across all touch-points within the bank. In 2012, Fenergo was presented with the Best Customer Onboarding Solution Award by the Compliance Register.
ISA is the Ibec representative body for Irish software technology companies. It enables companies in the Irish software sector to scale globally through pathways of connections, knowledge and influence across the enterprise ecosystem. ISA is a forum for entrepreneurs to share ideas, develop their skills, meet investors, influence public policy, and create world-class companies.