Tag: Fenergo
Fenergo acquired by European private equity firms in $600m deal
Irish RegTech firm Fenergo has been successfully acquired by private equity firms Astrong and Bridgepoint in a $600m agreement.
Corporate governance might be going through its biggest ever revolution
Ethics and compliance programmes are the biggest revolution in corporate governance to have ever occurred, according to a recent panel.
Firms paid $10.4bn in fines over the last year for breaking...
The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.
Anti-money laundering and know your customer fines in 2020 totalled $5.6bn...
The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.
Fenergo reveals new cloud-based onboarding and anti-money laundering solution
FinTech Fenergo has unveiled a new cloud-based remote account opening solution ahead of schedule in order to assist US small businesses in accessing PPP emergency loans.
Fenergo closes funding round as it looks to make product enhancements
Fenergo, a digital transformation and client lifecycle management (CLM) solution developer, has closed a funding round to support product enhancements.
$36bn in non-compliance with anti-money laundering, due diligence and sanctions regulations...
Financial firms around the world were ordered to pay $36bn in total due to failing to comply with legislation set up to prevent money laundering and fraud.
Fenergo teams up with PwC to “do KYC differently”
Hot on the heels of its announcement of its latest tool, know your customer (KYC) specialist Fenergo has announced a new partnership with professional services firm PwC.
Fenergo unveils new product Digital KYC to meet financial service firms’...
Dublin-based RegTech Fenergo is launching new product Digital KYC to empower financial services firms to automatically comply with know your customer (KYC) rules.
Slow onboarding processes could cost billions in revenue for banks
Slow and manual onboarding processes could lead to commercial and business banks losing $4.5bn in revenue, according to a new study from client lifecycle...
