Dublin, July 18, 2018 – Fenergo, the leading provider of Client Lifecycle Management solutions to the financial industry, has been selected for the Fintech 50 2018. Selected from among 1,800 technology firms across Europe, the list includes the most innovative companies in financial services as selected by an international panel consisting of industry leaders, C-level and senior executives from global financial services firms, technology providers, and investors.
Other innovators on the list include the blockchain and cryptocurrency provider, Ethereum; the digital bank, Monzo; the Distributed Ledger Technology firm, Everledger; the fiat and crypto-currency exchange, Revolut; and the digital “challenger” financial services firm, Starling Bank.
Fenergo’s CLM solution was cited for its advances in digitalizing the financial customer onboarding experience, as well as its collaborative approach to regulatory compliance. Fenergo’s community-based Regulatory Forums bring together more than 20,000 risk and compliance experts from some of the largest financial firms in the world. These venues provide the company’s clients with direct and continual input into the product and regulatory roadmaps and has allowed Fenergo to build the standard based on industry best practice.
Julie Lake, CEO and Co-Founder of The FinTech50, stated,
“We gave our panel a tough task this year by asking them to select just 50 FinTechs from across Europe. Specifically, we wanted to know which companies are most exciting to them as leading investors and buyers of FinTech innovation. For us, the hottest trend this year is how a once fragmented sector is increasingly partnering with traditional financial service providers to deliver a superior experience for customers.”
Marc Murphy, Fenergo’s CEO, commenting on the company’s inclusion in the FinTech 50, stated,
“Being recognized for innovation beyond our core focus of regulation and full client onboarding management confirms that we are taking the right approach. The fact that a major part of the panel’s criteria was a concentration on the client experience underscores this even further. Our main driver has always been keeping not only our customer in mind, but our customers’ customers."
Fenergo is the leading provider of Client Lifecycle Management software solutions for financial institution, including Corporate & Institutional, Business & Commercial and Private banks. Its solutions help institutions to efficiently manage the end-to-end regulatory onboarding and entity data management processes. The intelligent rules-driven solution ensures compliance with multiple regulatory frameworks and supports the collection, centralization and sharing of client and counterparty data and documentation across the institution. By expediting compliance and improving operational efficiencies, Fenergo’s solutions can onboard clients faster, improve time to revenue and enhance the overall client experience. Fenergo’s recent accolades include: Chartis RiskTech100™ (fourth consecutive year, rising 25 places in 2017); Top Performer in RegTech Performance (Banking Technology / MarketFintech, 2017 and 2016); Best Compliance Product (Sell-Side Technology Awards 2016), FinTech Forward Company to Watch (American Banker, 2015), Chartis RiskTech100® (2016 and 2015) and Best Enterprise Data Management Initiative (Inside Reference Data, 2014).
Kevin P. Cullen
Public Relations & Communications Director
E: [email protected]
In The News
The FinTech50 2018
Source: FinTech City