Case Study: B2B Payments Provider achieves streamlined AML compliance and multi-jurisdictional growth with Fenergo

Enabling Multi-Jurisdiction Growth with Improved Data Quality

B2B Payments Providing Company, a market-leading fintech processing over $3.5bn in transactions with more than $40m in funding, was losing time and operational efficiency because compliance teams were chasing out-of-date KYC data, lacked a standardized process for customer updates, and had to “swivel chair” between KYC and transaction monitoring systems. To address these challenges, they engaged Fenergo to deploy its end-to-end CLM/AML solution.

Fenergo implemented a connected ecosystem that automates onboarding, links KYC and TM in a single-screen experience, and creates a single source of truth for customer data. The Fenergo solution eliminated ad-hoc outreach, reduced compliance touchpoints, improved the digital customer journey, and delivered measurable benefits such as reduced costs, increased return on investment, a more robust AML process, and the ability to scale across multiple jurisdictions.