Waystone adopts Fenergo platform to improve compliance services

By Vriti Gothi

Asset management services provider Waystone has deployed Fenergo’s client lifecycle management and KYC technology to enhance how it delivers AML and compliance services to institutional clients.

Waystone supports fund managers with governance, administration, risk and compliance services. Its AML Centre of Excellence manages investor AML checks, client reviews, sanctions screening and know-your-asset (KYA) processes. These activities are now centralised through Fenergo’s data-driven platform, enabling a unified view of client risk assessments, standardised reporting and reduced duplication across teams.

The deployment forms part of Waystone’s wider digital transformation strategy aimed at improving user experience, operational transparency and regulatory alignment across jurisdictions. With regulatory expectations becoming more complex in major markets, the ability to automate workflows, track reviews, and maintain auditable records is increasingly critical for service providers operating across borders.

Waystone said the technology implementation allows it to issue more structured and fully auditable AML reports at regular intervals, while giving clients clearer visibility into review status and outcomes. Increased automation also supports faster service delivery and strengthened governance across processes.

“Given the evolving regulatory environment and the need to provide an intuitive, digitised experience for our global client base, ensuring our AML and KYA services are as refined as possible has been a key strategic priority,” said Sanjiv Sawhney, Group CEO, Waystone. “Fenergo’s market-leading CLM solution stood out as the best fit for our business.”

Ruth Ormsby, EMEA Managing Director at Fenergo, said demand for technology-led compliance infrastructure is accelerating. “With the investment fund industry facing increasingly diverse regulatory expectations across jurisdictions, we’re seeing unprecedented appetite for our services,” she said, noting that Waystone’s adoption of data-driven processes supports faster and more efficient compliance delivery.