IBS Intelligence: How and Why Fenergo is Pivoting to Appeal to Fintechs

IBS Intelligence speaks to Stella Clarke, Chief Strategy & Marketing Officer at Fenergo, about Fenergo's time at Money 20/20 EU and the release of the KYC and Transaction Compliance solution for fintechs.

Fenergo and its award-winning Client Lifecycle Management (CLM) platform is well-established within traditional finance, with clients across banking and buy-side, particularly in asset management and insurance.

With the switch to a native SaaS model three years ago, Fenergo has successfully pivoted to serve and pursue a relationship with fintechs, too, as well as providing more agility in its deployment model to become API-first.

Fenergo's new KYC and Transaction Compliance uses a single API to draw data from multiple key sources, allowing for powerful, low latency AI technology to rapidly analyze complex historical transaction data.

Announced at Money 20/20, Fenergo has launched KYC & Transaction Compliance, a new offering for FinTechs that combines its Know Your Customer (KYC) and Transaction Monitoring solutions and enables continuous monitoring of customer profiles in a single, integrated Software-as-a-Service (SaaS) solution.

In this interview, Stella speaks to Robin Amlôt of IBS Intelligence about the change in Fenergo’s strategy that’s behind the new product.

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