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 April 2020 Fenergo launched its cloud-based Remote Account Opening (RAO) solution in EMEA. The solution can help banks in the region to deliver emergency funding more seamlessly to businesses and open bank accounts remotely and compliantly.
This cloud-based solution can be quickly deployed to allow banks to digitally onboard new customers while satisfying all Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter Financing of Terrorism (CFT) requirements, thus reducing the time to onboard dramatically, lowering the total cost of ownership and ensuring customers do not need to visit a bank branch during the current crisis.
In October 2019 Fenergo launched Fen-Cloud, a fully managed services cloud offering. The move is a direct response to the growing acceptance of cloud amongst financial institutions and requests from the Fenergo client community. Research by Fenergo found that 56% of global financial institutions are prioritizing cloud in the next 12 months and 57% have started implementation.
Fen-Cloud offers a fully managed service which includes installation of Fenergo’s CLM solution, deployment, configuration, and maintenance of the environments, monitoring, patching, and product support amongst others. The application allows IT departments within financial institutions to focus on business-critical tasks while experiencing all the benefits cloud provides including cost savings, reliability, scalability, and accelerated digital transformation.
Fen-Cloud allows financial institutions to quickly get business solutions up and running while maintaining the flexibility of customer-specific configuration, interfaces, and processes. Alternatively, financial institutions could opt to deploy Fenergo’s CLM platform to their own cloud, maintaining full control of their environment.
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
Ownership: - x
Number of Employees: 900
Functional Markets: Customer Relationship Management, Treasury and Risk Management,
Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Specialty Insurance, Professional Services, Retail,
Fenergo LTD Key Enterprise and Cloud Applications
Fenergo CLM
Fenergo LTD Revenues, $M:
| Type/Year | 2018 | 2019 | 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:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
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 | 2019 Total Revenues, $M | 2019 Enterprise Applications Revenues, $M | 2019 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: x
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
In February 2020 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.
The funding will facilitate further product enhancement and the potential acquisition of new business units and/or capabilities that are strategically important.
ABN AMRO Ventures is the bank’s corporate venture fund that makes strategic investments in innovative technology companies to boost and accelerate ABN AMRO’s digital transformation. The fund is EUR 100 million. As the world’s leading independent, end-to-end IT services company, DXC Technology helps global companies run their mission-critical systems and operations to deliver new levels of performance, competitiveness, and customer experiences.
Fenergo LTD Risks and Challenges
Change in leadership could lead to a new Go-To-Market strategy.
Fenergo LTD Ecosystem, Partners, Resellers and SI
In June 2019 Fenergo has entered the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a Taiwanese provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation, and smart retail.
As an exclusive CLM partner, Fenergo will provide TUNG-I’s current and prospective Taiwanese clients access to advanced Know Your Customer (KYC) and Anti-Money-Laundering (AML) capabilities, further strengthening the company’s offering. To ensure a seamless client experience, TUNG-I will provide local support, maintenance, and implementation of Fenergo’s CLM solutions. The partnership comes in response to recent evaluations by the Asia/Pacific Group (APG) to prevent money laundering related crimes in the Asia Pacific.
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).
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