15 April 2014, Dublin, Ireland – Fenergo, the leading provider of Client Lifecycle Management solutions for investment banks and capital market firms, was named winner of the prestigious Red Herring Europe Top 100 Award for its innovative technology solutions and global market growth potential.
Fenergo was among 290 finalists selected by the Red Herring editorial team from a pool of hundreds of innovative companies from across Europe. It was named winner based on a selection process involving over 20 key quantitative and qualitative criteria, such as technological innovation, financial performance, management quality, overall business strategy and market penetration.
“Selecting startups that show the most potential for disruption and growth is never easy,” said Alex Vieux, publisher and CEO of Red Herring. “We looked at hundreds and hundreds of candidates from all across the continent, and after much thought and debate, narrowed the list down to the winners. Each year, the competition gets tougher but we believe Fenergodemonstrates the vision, drive and innovation that define a Red Herring winner.”
Accepting the award at the presentation ceremony in Amsterdam on April 9th, Marc Murphy, CEO of Fenergo, said, “Red Herring’s Top 100 Europe list has become a mark of distinction for identifying promising technology companies and selecting those that are positioned to grow at an explosive rate. We are truly honored to win this award. We’ve worked exceedingly hard to develop a Client Lifecycle Management platform that helps financial institutions to solve regulatory compliance, entity data and documentation and onboarding challenges in a constantly changing regulatory world. As a result, Fenergo is fast becoming the industry standard for regulatory client onboarding and entity data management solutions”.
Fenergo has achieved considerable commercial success over the last years, having won six new named clients during the period. In October 2013, Fenergo secured €4 million in funding to invest in product development and accelerate its global market expansion. Earlier this year, the company announced the opening of its North American headquarters and the appointment of its SVP of North America, Stan De Schepper.
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For more information, please contact:
Fiona McLoughlin, Head of Marketing, Fenergo
T: +353 1 901 3624
About Fenergo (www.fenergo.com):
Fenergo is an award-winning provider of enterprise Client Lifecycle Management 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 2013, Fenergo’s Client Lifecycle Management platform was named winner of the Technology Innovation of the Year Award by the ISA and in 2012 it won Best Customer Onboarding Solution by the Compliance Register.