Ocorian selects Fenergo to automate onboarding and compliance

By Gloria Methri

Global fund administration and fiduciary services provider Ocorian has announced a strategic partnership with Fenergo, a client lifecycle management (CLM) software provider. The move aims to enhance regulatory compliance processes and digitise client onboarding and due diligence across Ocorian’s international operations.

As part of the agreement, Ocorian will implement Fenergo’s AI-driven CLM platform to automate key compliance tasks, including risk assessments and data classification. The solution is designed to ensure alignment with evolving regulatory requirements and enable real-time oversight across multiple jurisdictions.

By leveraging the new platform, Ocorian intends to improve operational efficiency and reduce manual workloads while offering clients a more transparent and streamlined onboarding experience. The digital portal embedded within the solution will facilitate secure document exchange and give clients better visibility into the progress of onboarding procedures.

“As regulatory complexity grows, it’s essential we continue to invest in digital solutions that support seamless, secure and compliant experiences for our clients,” said Stuart Geddes, Chief Information Officer at Ocorian. “Fenergo’s combination of smart automation and deep regulatory content is a powerful fit as we continue to reduce risk, free up our team’s capacity and focus on delivering high-quality outcomes for our clients worldwide.”

He added, “Through our collaboration with Fenergo, we are further strengthening our business’s digital resilience. It’s another important step in our journey to create more intelligent workflows and future-proof our compliance framework in service of our clients.”

Ruth Ormsby, Managing Director EMEA at Fenergo, said, “We are delighted to welcome Ocorian as a valued customer. Our objective is to provide intuitive solutions that not only remove complexity around meeting global regulatory requirements but also transform the client onboarding experience and drive operational efficiencies. With this partnership, Ocorian can achieve greater data accuracy from the outset, empowering it to maximise opportunities that unlock value for its clients.”