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Fenergo adds AI-based Transaction Monitoring to solution portfolio

By Gloria Methri

April 11, 2023

  • Anti-Money Laundering Solutions
  • Compliance SaaS
  • Digital Identification

Fenergo, KYC, CLM, Risk Monitoring, due diligence, client onboarding, FinTech, UK, EuropeFenergo has announced that it will offer transaction monitoring under the Fenergo brand starting April 5, 2023. This follows the consolidation of Sentinels’ brand to Fenergo one year after the acquisition.

Fenergo’s SaaS Transaction Monitoring solution enables financial institutions to transform anti-money laundering (AML) compliance processes, leveraging data to detect suspicious activity in real-time and reduce false positives. This allows financial institutions to adopt a risk-based approach and be future-proofed against evolving AML regulations.

Featuring a hybrid detection engine supported by a robust scenario detection library, Fenergo Transaction Monitoring facilitates real-time identification of suspicious activity as well as post-event transaction monitoring, creating actionable client profiles for fast, effective data-driven investigations.

Niall Twomey, Chief Product, and Technical Officer said, “We are thrilled to reach this important milestone in our journey to becoming a single team under the Fenergo brand. By coming together, we can more efficiently deliver on our mission to accelerate financial institutions’ growth and create a safer world by transforming the way our clients understand and manage their customers. Our product offerings will enable financial institutions and FinTechs to uniquely benefit from the strengths of Fenergo’s know your customer (KYC) together with AI-driven transaction monitoring solutions for smarter, real-time continuous risk monitoring.”

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