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Fenergo

Amplifying Global RegTech Solution for Financial Institutions

Overview

Scope
Research & Development (R&D) Consultancy Product Configuration Services
Industries
Finance Regulatory Banking

About Client

Set in Dublin, Fenergo is the world’s leading provider of solutions that transform and future-proof Client Lifecycle Management and regulatory compliance processes for major financial services companies worldwide.

 

CSHARK

Technologies:

CSHARK CSHARK CSHARK CSHARK CSHARK CSHARK CSHARK CSHARK CSHARK
CSHARK
CSHARK
Clutch Average Review Rating
4.9 Stars
read all reviews on clutch

Fenergo’s CLM, KYC, and Anti-Money Laundering software is used by 26 out of 50 tier 1 and tier 2 global banks. Its solution delivers to end user:

30%

ROI on tech

82%

reduction in onboarding

34%

reduction in the cost of audit

Background

At CSHARK, we work as a consultancy and technology partner to Fenergo, contributing to R&D, Professional Services, and Pre-sales, helping to meet the needs of Fenergo’s clients across the globe.

Our cooperation is a story of shared growth and transforming the industry. Enough to say that since the beginning of our cooperation in 2014, the number of employees at both CSHARK and Fenergo has increased by more than 900%.

10 years

of cooperation

900%+

increase in the number of employees

50+

projects completed

20+

Fenergo’s clients serviced directly

Market Challenge

In recent years, credit and financial institutions faced hefty fines costing billions of dollars due to non-compliance and data breach issues.

One of the reasons is that financial institutions often struggle with outdated systems that need a robust, comprehensive approach to their maintenance and modernization. The development of advanced, compliant solutions for areas such as Anti-Money Laundering (AML), Know Your Customer (KYC), Client Risk Rating, CLM, Regulatory Onboarding, Tax Compliance, and Risk Assessment requires the expertise of a seasoned technology partner.

CSHARK
CSHARK

CSHARK’s Solution

The cooperation between CSHARK and Fenergo starts at the strategic level, where we bring thought leadership to the table, ensuring that we focus on best-in-class solutions, challenging existing approaches, and aligning solutions with Fenergo’s product capabilities.

Our joint impact on the finance and regulatory sector is significant for end users as we create comprehensive Client Lifecycle Management, Know Your Customer, Anti-Money Laundering, and anti-fraud software for banks. We help them with integration, customization, testing, and support.

CSHARK’s strategy for this partnership revolves around several key elements:

CLM digital transformation

Fenergo Partner Ecosystem Capabilities

Moreover, CSHARK is capable of providing the services for all segments of clients throughout the complete CLM digital transformation:

Regulatory
Governance, Risk & Compliance
ESG
Target Operating Model
Change Management
Solutions Design & Architecture
Program Management
Testing
Quality Assurance
Systems Integrations
Configuration Services
Configuration Services
Business Analysis
BPO & Managed Services
KYC / AML Remediation
Financial Crime

CSHARK’s internal capabilities

Software / solutions through partners

Our work is well summarized in the words of our partner:

The ability to adapt and run multiple projects with growing scope of complexity and market demand. The FinTech and RegTech industry is very demanding, and the pressure to deliver quality software for Tier 1 and Tier 2 global banks and financial institutions is constant. CSHARK understands our challenges and the industry, therefore can provide reliable software solutions in a highly competitive timeframe.

Niall Twomey

CTO, Fenergo

CSHARK
CSHARK

Outcome

Our true long-term partnership with Fenergo has resulted in shared growth, knowledge exchange, and innovation.

By focusing on research, client-focused solutions, and resolving legacy issues, we’ve helped Fenergo stay at the forefront of the industry. Understanding the nuances of its product’s architecture, functionality, and how it solves business problems, CSHARK has helped onboard multiple financial services clients and provided them with exceptional tailored solutions.

CSHARK has been a fabulous partner for Fenergo. Our relationship started when we were a small company of roughly 55 employees to now 700+, so CSHARK has been by our side through many successes. Over the past 5 years, CSHARK has worked with Fenergo through many global client go-lives and huge milestones for our product, including our v7 – v8 upgrade. At Fenergo, we have 26 of the top 50 financial institutions in the world using the Fenergo platform, and with our expansion into other verticals, we have a promising future ahead. We look forward to CSHARK continuing to join us on the journey to be the independently accredited regulatory technology standard in Client Lifecycle Management.

Marc Murphy

CEO, Fenergo

Innovate
With Reliable
Business
Partner

Reach to us, and let’s initiate a strategic collaboration aimed at your success.

Trusted by
Industry Leaders

CSHARK Proud Top B2B Companies
CSHARK Financial Times
CSHARK Forbes Diamonds
CSHARK Awwwards
CSHARK Proud Top B2B Companies CSHARK Financial Times CSHARK Forbes Diamonds CSHARK Awwwards

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