Fenergo, the leading provider of Client Lifecycle Management (CLM) solutions for financial institutions, has been rated as the Top Performer in the Overall Rankings in the RegTech 2018 Report, a study released by Banking Technology, MarketFintech, and the Governance Risk and Compliance Technology Centre (GRCTC). This is the third year in a row that the judging panel has evaluated Fenergo as the Top Performer among RegTech providers.
The RegTech 2018 Report rankings are based on market penetration, customer and user numbers, diversity of customer base, geographical deployment, year established, and go-to-market dates.
Fenergo’s leading CLM solution was also rated number 1 in each of its categories: Compliance Risk and Due Diligence Universal Tools; and Workflow and Process Tools.
Tina Snelling, Founder of MarketFintech and editor of the report, commented, “Client Lifecycle Management processes can be some of the most time-consuming and costly steps that banks and other financial firms must manage. As it becomes part of a larger transformation strategy, there is a need to look at technologies and partners, such as Fenergo, that are proven, can scale and provide pre-built functionality, rules and processes across multiple jurisdictions and business lines based on industry best practices.”
Marc Murphy (LinkedIn profile), Fenergo’s CEO, commenting on the rankings, stated, “We are very pleased to be recognised as the number one RegTech provider for the third year in a row. What makes the ranking even more important to us is that the panel is comprised of some of the most knowledgeable people in the financial and regulatory technology spaces. These industry professionals understand the demands of regulatory compliance as well as the importance of getting it right. The fact that our solution graded highest again is of particular interest as we continue to work closely with our client community as they create and implement their digital transformation strategies. The report is a validation of our efforts in providing the industry standard for end-to-end financial client onboarding and lifecycle management. As we continue to expand, the baseline of what we have established, including the collaborative environment with our clients, will support our growth.”
Fenergo conducts global Regulatory Forums comprised of 20,000 regulatory compliance experts. These client-based engagement platforms drive Fenergo’s regulatory and product roadmaps, allowing the company to deliver the required solutions based on industry best practice. As part of its commitment to bringing the RegTech community together, Fenergo recently hosted its annual Client Council event. For an overview of how this approach works to further the goals of both Fenergo’s clients and the industry as a whole, please view the recap here.