Fenergo LTD Strengths, Domain Expertise, and Key Differentiators
Fenergo is the digital enabler of client and regulatory technology for financial services. It provides Client Lifecycle Management (CLM) software solutions for Financial Institutions including; Corporate & Institutional Banking, Commercial & Retail Banking, Asset Management, Private Banking & Wealth Management. Counting 70 global Financial Institutions as clients, its award-winning CLM suite digitally transforms how Financial Institutions manage clients; from initial onboarding to KYC/AML and regulatory compliance, to data management and ongoing lifecycle KYC reviews and refreshes. Fenergo CLM empowers financial institutions to deliver a faster, compliant, and digital customer experience while achieving a single client view across channels, products, business lines, and jurisdictions.
Fenergo LTD Recent Developments
In June 2023, Fenergo unveiled KYC & Transaction Compliance, a groundbreaking solution tailored specifically for fintech companies. This integrated Software-as-a-Service (SaaS) platform seamlessly merges Fenergo's KYC and transaction monitoring solutions, facilitating ongoing monitoring of customer profiles. By consolidating KYC and transaction data, this solution eradicates disparate systems utilized by fintechs, offering a comprehensive, real-time 360-degree view of each customer profile. This holistic perspective is continually refreshed with data from entity data providers, screening providers, and transaction systems. Moreover, insights from the transaction monitoring system can trigger various actions such as Enhanced Due Diligence (EDD) checks, prompting a KYC data refresh, or adjusting risk ratings based on genuine alerts, ensuring that customer profiles are consistently up-to-date.
Fenergo LTD Mergers and Acquisitions (M&A) Activities
In April 2022, Fenergo finalized the acquisition of regtech company Sentinels, a new player in the anti-money laundering (AML) transaction monitoring market, leveraging artificial intelligence (AI) technology. This undisclosed acquisition enhances Fenergo's capability to provide comprehensive Software as a Service (SaaS) solutions for Client Lifecycle Management (CLM), integrated with intelligent transaction monitoring for financial institutions. The strategic move is prompted by the industry's ongoing challenges related to escalating financial crime, evolving regulations, operational inefficiencies, and the imperative to enhance customer experience. Fenergo empowers financial institutions to meet KYC and AML regulations while efficiently and securely onboarding clients, thereby accelerating their readiness to conduct business. Sentinels' transaction monitoring solutions are purpose-built to swiftly detect and mitigate criminal transactions at scale.
In 2021, Fenergo was acquired in a $600 million agreement by private equity firms Astorg and Bridgepoint, marking a successful transaction for the company.
Fenergo LTD Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fenergo LTD applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fenergo LTD and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Fenergo CLM customers.
Fenergo LTD Overview
Castleforbes House, Mayor Street
Dublin, x, Dublin 1, Ireland
353 1 9013600
https://www.fenergo.com/
Ownership: - Astorg and Bridgepoint
Number of Employees: 850
Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Specialty Insurance,
Fenergo LTD Key Enterprise and Cloud Applications
Fenergo CLM
Fenergo LTD Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Fenergo LTD Revenue Breakdown By Type, $M:
Fenergo LTD Enterprise Applications Revenues By Functional Markets, $M:
Fenergo LTD Enterprise Applications Revenues By Verticals, $M:
Fenergo LTD Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Fenergo LTD Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Fenergo LTD Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Fenergo LTD Customers
No. of Fenergo LTD Customers: 80
No. of Fenergo LTD Enterprise Applications Customers: 80
No. of Fenergo LTD Cloud Customers: x
No. of Fenergo LTD Cloud Subscribers: x
Among Fenergos customers are Natixis, BNP Paribas, Bank of China, Scotiabank, SMBC Nikko, ICBC Standard Bank, AVIVA, ABN-AMRO, BBVA, Suntrust Robinson Humphrey, StateStreet, BMO Capital Markets, UBS and many others.
Fenergo LTD Market Opportunities, M&A and Geo Expansions
Fenergo has acquired Sentinels, a new entrant in the anti-money laundering (AML) transaction monitoring market based in Amsterdam, renowned for its AI-based technology. Following the acquisition, Sentinels has been seamlessly integrated into Fenergo's operations, and the brand has been rebranded as Fenergo Transaction Monitoring.
Fenergo has closed its latest funding round. The enterprise software provider has raised capital from ABN AMRO Ventures and DXC Technology. ABN AMRO’s investment follows the investment by DXC Technology (NYSE: DXC) into Fenergo in the summer of 2019.
Fenergo LTD Risks and Challenges
Fenergo is required to constantly adjust its solutions to align with the dynamic nature of AML/KYC regulations. This ongoing adaptation process incurs heightened development expenses and may result in possible delays in providing updates to clients.
Fenergo LTD Ecosystem, Partners, Resellers and SI
Over the past decade, Fenergo has dedicatedly nurtured a strong and dependable network of industry-leading partners, spanning Advisory Partners, Product Integration Partners, Implementation Partners, and Technology Alliances. Noteworthy partners within this network include Accenture, Aurora, AWS, CShark, Lexis-Nexis, Luxoft, Refinitiv, Salesforce, and many others.
Fenergo LTD Cloud Infrastructure Insights
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- Fenergo LTD Public Cloud and Infrastructure (IaaS)
- Fenergo LTD Platform (PaaS)
- Fenergo LTD Application Delivery
- Fenergo LTD Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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