IBS Intelligence Sales League Table recognises Fenergo’s Star Performance in Compliance Management Category

By Megha Bhattacharya

Fenergo, the provider of Know-Your-Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, has ranked as a New Entrant demonstrating Star Performance in the Compliance Management category in the IBS Intelligence Sales League Table (SLT) 2021. Fenergo has been recognised for success based on 2020 sales figures.

In 2020, Fenergo continued to gain momentum by signing 36 new client contracts across the Americas, EMEA and APAC, increasing revenue by 17%.

“We are delighted to be selected as a Star Performer in the Compliance Management category in our inaugural entry to the highly esteemed IBS Intelligence SLT. The recognition is testament to Fenergo’s continued success and track record in addressing challenges faced by financial institutions such as an increased focus on regulation and an expectation to deliver seamless and frictionless client experiences.”

The IBS Intelligence Sales League Table is a barometer for the sales performance of banking platforms ranging from retail, to private, to Islamic, to digital-only and universal banking. The SLT enables executives in banks to select vendors for RFIs and influences vendor selection across conventional and digital banking.

“Fenergo has adapted its offerings so that it can be delivered in multiple deployment options including on-premise, via the cloud and as a SaaS and this has further fuelled growth in the past year. As regulation continues to create complexity and hamper customer experience, financial institutions want to take advantage of the agility and scalability of the cloud. We are looking forward to see where this next year takes us as we embark on the third chapter in the company history,” said Stella Clarke Chief Strategy & Marketing Officer, Fenergo.

“It is a pleasure to celebrate Fenergo’s exceptional performance in the Compliance Management category of the IBS Intelligence Sales League Table (SLT) 2021, the leading global barometer of supplier performance. The global reach of Fenergo’s solution is reflected in the company’s achievements in a highly competitive marketplace in its first appearance in the SLT,” said Robin Amlôt, Managing Editor, IBS Intelligence