back Back

Shieldpay taps Fenergo to improve risk monitoring

By Gloria Methri

February 20, 2023

  • B2B Payments
  • Client Due Diligence
  • Client Onboarding
Share

Fenergo, KYC, CLM, Risk Monitoring, due diligence, client onboarding, FinTech, UK, EuropeFenergo, the provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM) has announced its partnership with Shieldpay. The companies are working together to realise a comprehensive CLM system and perpetual risk monitoring.

Shieldpay provides secure B2B payments to legal and professional service firms, financial services, and technology platforms, focusing on high-value and high-volume transactions. To date, Shieldpay has processed over $5 billion of corporate funds for litigation settlements, M&A deals, real estate, and secondary transactions through its digital platform.

Fenergo’s Software as a Service CLM and transaction monitoring solution enables Shieldpay to consolidate real-time client KYC and AML data in one platform. With this, Shieldpay can manage a digital diligence process, which will streamline internal operations and allow faster onboarding of clients.

With an advanced 360-view of their clients and continuous risk monitoring on their platform, Shieldpay is revolutionising the payments industry for financial crime identification and prevention.

With both companies striving to bring genuine innovation in due diligence and payments, formalising a partnership together is part of the next chapter in B2B payments on an international scale.

Commenting on the selection, James Stubbs, Head of Product, Shieldpay, said, “Fenergo’s depth of experience in onboarding complex entity structures, transparency, and ability to automate client due diligence made it the standout vendor of choice.”

Stella Clarke, Chief Strategy and Marketing Officer, Fenergo said, “Modern payments businesses like Shieldpay require CLM solutions that provide seamless automation, in addition to a complete view of their clients and ensure full compliance with international regulations. Through our solution, Shieldpay can focus on delivering an exceptional overall client experience within a secure environment. We look forward to continuing to be a transparent partner as Shieldpay drives the B2B payments.”

Previous Article

February 20, 2023

APEXX Global and Trustly partner for modernised recurring payments

Read More
Next Article

February 20, 2023

Soldo selects Form3 for SEPA capabilities

Read More






IBSi Daily News Analysis

May 28, 2024

B2B Payments

Latin America becomes a hotbed for FinTech unicorns and tech innovation

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Nexi offers Tap to Pay on iPhone for merchants in Italy

Read More

Today

Engine by Starling integrates Ozone API into SaaS solution

Read More

May 29, 2024

Currencycloud selects Form3 for Confirmation of Payee in the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023