Tag: Fenergo

Financial institutions worldwide are facing a critical juncture as client losses and compliance costs surge alongside the rapid adoption of AI, according to new...

The value of regulatory penalties imposed on financial institutions worldwide in the first half of 2025 has more than quadrupled compared to the same...

New research from Fenergo has revealed that a growing number of financial institutions are turning to agentic AI to transform their compliance operations, with...

Fenergo, a leading provider of digital solutions for CLM and regulatory compliance, has introduced its FinCrime OS.

Ocorian has entered into a partnership with Fenergo, a leading provider of AI-powered CLM solutions, to enhance its digital compliance infrastructure and streamline client...

Fenergo, a leading provider of AI-driven Client Lifecycle Management (CLM), Know Your Customer (KYC) and Anti-Money Laundering (AML) transaction monitoring solutions, has announced a...

Landesbank Baden-Württemberg (LBBW), Germany’s largest state bank, has selected Fenergo to automate its compliance processes. The collaboration aims to implement a new cloud-based client onboarding...

The world of finance is on the brink of a significant transformation, especially for investment advisors in the United States. On February 15th, 2024, a pivotal announcement was made by the Financial Crimes Enforcement Network (FinCEN) that is set to redefine the landscape of anti-money laundering (AML) and counter-financing of terrorism (CFT) compliance.

In a significant announcement made in February, the Council of the European Union revealed that Frankfurt has won the competitive bid to host the Anti-Money Laundering Authority (AMLA), marking a pivotal moment for regulatory oversight within the EU.

In 2023, the banking sector faced key compliance challenges with fines for lapses in AML, KYC and related regulatory areas reaching a staggering $6.6bn.