Fenergo

Fenergo provides digital solutions for know your customer (KYC), client lifecycle management (CLM), and anti-money laundering (AML) compliance. The company offers cloud-based software that enables financial institutions to streamline client onboarding, due diligence, and regulatory compliance processes. Fenergo's CLM platform helps banks and other financial services firms manage the client lifecycle–from initial onboarding to ongoing maintenance and eventual offboarding. The software automates labor-intensive tasks related to document handling, data extraction, risk assessment, and regulatory reporting.

In June 2023, Fenergo launched a new integrated KYC and transaction monitoring solution specifically tailored for FinTech companies. In July 2024, Fenergo acquired Sentinels, an AI-powered transaction monitoring company, to enhance its AML capabilities. This acquisition allowed Fenergo to offer an integrated solution combining KYC, CLM, and transaction monitoring. The company's software leverages AI and machine learning to improve the accuracy of risk profiling and financial crime detection. 

As of FY2023, Fenergo reported annual revenue of EUR 138 million (USD 152 million), up from EUR 112.8 million (USD 124 million) the previous year. 

Key customers and partnerships 

As of August 2024, Fenergo served over 80 financial institutions worldwide. Fenergo's client base includes major global financial institutions such as BNP Paribas, Bank of China, Scotiabank, ABN AMRO, BBVA, UBS, and Northern Trust. The company has partnerships with leading technology and consulting firms, including Accenture, AWS, Salesforce, and LexisNexis.