Copper.co, a digital asset infrastructure firm, has linked with Fenergo to implement its client lifecycle management and AML solution.
Copper provides institutional investors with custody, trading and settlement services across 500 digital assets and over 45 exchanges.
According to FinTech Futures, Copper is implementing Fenergo’s tech as it looks to onboard ‘increasingly complex’ client ownership structures.
Fenergo remarked, “Copper needed a CLM and AML platform that could streamline and scale its in-depth assessment and provide a single view of its institutional investor client base.”
The RegTech added that its solution will allow Copper to ensure ‘fully automated’ checks throughout the client onboarding process.
It adds that its solution will allow Copper to ensure “fully automated” checks throughout the client onboarding process.
Copper chief legal officer Carly Nuzbach Lowery said Fenergo’s solution will boost customer satisfaction by ‘reducing the time it takes to onboard clients and ensuring thorough risk assessment to protect all parties involved’.
Earlier this year, Fenergo acquired Sentinels, which builds an AI-powered AML and transaction monitoring platform. The size of the acquisition was not disclosed.
Fenergo hoped the deal would bolster its ability to offer end-to-end SaaS-based CLM with smart transaction monitoring to financial institutions.
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