04 September 2019 – Fenergo’s Client Lifecycle Management (CLM) solution has been recognised as “Best in Class” for CLM by global research and advisory firm, the Aite Group, in its latest AIM (Aite Impact Matrix) report. Click here to download a summary of the report.
Conor Coughlan, Chief Marketing Officer (CMO), Fenergo said:
“Achieving a Best in Class ranking reinforces our position as the market leader in Client Lifecycle Management. We are delighted that the Aite Group, has recognised our unique CLM abilities and ranked us accordingly. This is testament to the Fenergo community, our digital transformation abilities and ultimately how we enable financial institutions to onboard clients both seamlessly and quickly. The report also called out our unique regulatory rules engine and our recent product innovations. Our clients and the market can feel safe in the knowledge that our CLM is the market leader, helping them to deliver frictionless omni-channel experiences and deliver straight through processing (STP) where and when it matters most.”
The AIM model is a comprehensive, proprietary vendor evaluation process designed to provide a holistic analysis and identify market leaders in each category. The AIM is composed of four key components, evaluating vendor stability, client strength, product features and client services. Best in Class is the highest ranking awarded to vendors that represent the leaders in the market, with strong financials, diverse client bases, and robust product offerings with industry-leading functionality and reliable client service.
Virginie O’Shea, Research Director at Aite Group, said;
“Fenergo has gained significant traction in the corporate and investment bank space and its regulatory expertise is a real selling point and strength versus the competition. Fenergo’s investment in its people is also a key differentiator and clients value the availability of the global support teams and the emphasis it places on the client community. This allows clients the ability to collaborate and provide essential feedback to Fenergo on upcoming regulatory concerns and pain points. On the functional side, its onboarding workflow support on the platform is also strong. All these points combined, guarantees Fenergo its position as one of the leading providers in the client lifecycle management space as the company moves into targeting a wider range of financial services institutions outside of the realm of capital markets.”
The Best in Class ranking is a testament to the value of Fenergo’s community-based approach to product development and continued investment in R&D. It also acknowledges its depth of regulatory expertise and pre-packaged data solutions that provide clients with a future-proofed, industry verified CLM solution offering economies of scale.
Over the last 12 months, Fenergo has delivered a range of value-adding innovation such as; CLM for Salesforce, Rules as a Service (RaaS), Hierarchy Manager (UBO & Shareholding Management), Digital Configuration Studio and the new Digital Client Orchestration (for omnichannel client onboarding). More platform and service innovations will be announced in the coming months.
Fenergo is the digital enabler of client and regulatory technology for financial services. It provides CLM software solutions for financial institutions including: Corporate and Institutional Banking, Commercial and Retail Banking, Asset Management and Private Banking and Wealth Management.