Fenergo Ranked as Top 100 Risk Technology Providers in the World
28 January 2015, Dublin, Ireland – Fenergo, the leading provider of Regulatory Onboarding, Entity Data Management and Client Lifecycle Management software solutions for investment banks and capital market firms, has made its debut on the Chartis Research 2015 RiskTech100®.
This annual study is recognized globally as the most comprehensive and prestigious study of the top 100 technology companies active in the risk management market. It evaluates and ranks vendors based on product functionality, core technology, innovation, customer satisfaction and other criteria.
Marc Murphy, Fenergo’s CEO, said, “To be ranked as one of the top risk technology vendors in the world is a fantastic achievement. Fenergo has come a very long way over the last few years in building out our end-to-end Client Lifecycle Management software platform to help investment banks and capital market firms achieve regulatory compliance, manage client and counterparty data and onboard complex, institutional clients more efficiently and quickly – all on a single platform. In a short timeframe, we’ve made significant strides in winning new-named clients and also in winning add-on deals with existing clients. In 2015, we plan to build on this success by investing heavily in our Client Lifecycle Management platform and expanding our global footprint and further market penetration into North America, Europe and Asia Pacific”.
The Chartis report indicates a growing emphasis by financial institutions on improving operational efficiencies and reducing cost. Financial institutions are seeking new ways to drive value without compromising their client lifecycle risk management capabilities.
Fenergo’s Client Lifecycle Management solution suite is built on the premise of centralized client and counterparty data that enables better information and intelligence to be shared across function lines, business units and jurisdictions. This centralized approach to entity data management also encourages re-use of attributes to support onboarding and compliance initiatives – across a broad range of regulatory frameworks such as KYC, AML, FATCA and OTC derivative reform rules like Dodd-Frank, EMIR, MiFID II, Canadian and APAC derivatives.
Commenting on Fenergo’s RiskTech100® entry, Peyman Mestchian, Managing Partner at Chartis, said, “Fenergo’s solutions embody the concept of integrated risk and compliance management. By fusing together sophisticated compliance, data management and workflow management solutions, Fenergo is very well placed to help leading financial institutions with complex institutional clients to manage their compliance obligations while improving efficiencies that reduce costs, improve client experience and achieve faster time to revenue”.
The RiskTech100® report can be downloaded from the Chartis Research website – http://www.chartis-research.com/research/reports/risktech100-2015.
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For more information, please contact:
Fiona McLoughlin, VP Marketing, Fenergo
T: +353 1 9013600
E: [email protected]
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.
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
RiskTech100® is a registered trade mark of Chartis Research Ltd.
Chartis is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice – (http://www.chartis-research.com).