In April 2022, RegTech standout Fenergo acquired Sentinels, a company that has delivered consistent breakthroughs in AI-driven transaction monitoring. Now, after a year of collaboration, the companies are ready to share the fruit of their labors: the SaaS Transaction Monitoring solution.
Financial institutions partnering with Fenergo can expect a host of benefits from this latest offering. Harnessing the latest in AI, clients using the platform will be able to utilize real-time data to maintain scrupulous AML compliance, allowing for a risk-based approach that ensures complete compliance with all regulatory processes. The platform also makes use of Fenergo’s recent partnership with Shieldpay for risk analysis capabilities.
“We are thrilled to reach this important milestone in our journey to becoming a single team under the Fenergo brand,” said Niall Twomey, Fenergo’s Chief Product Officer and Technical Officer, in a statement. “By coming together, we can more efficiently deliver on our mission to accelerate financial institutions’ growth and create a safer world by transforming the way our clients understand and manage their customers.”