Fenergo Partner Ecosystem Capabilities
Moreover, CSHARK is capable of providing the services for all segments of clients throughout the complete CLM digital transformation:
Back to Projects
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.
Technologies:
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One of the reasons is that financial institutions often struggle with outdated systems that need a robust, comprehensive approach to their maintenance and modernization.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’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:
Research & Development (R&D)
We enable the integration of cutting-edge technologies in Fenergo’s product stack, managing the entire development cycle from requirement gathering to architecture design, implementation, and testing.
Advisory Services
Creating value by addressing the right questions, sharing knowledge, and proposing best-fit solutions to solve banks’ business challenges and participate in their ultimate success.
Product Configuration Services
Due to the in-depth knowledge of our partner’s product, we configure and customize it to meet the expectations of Fenergo’s key customers – leading global financial organizations.
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
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.
Our Portfolio
Dive into transformative journeys tailored to diverse business landscapes.
Explore Our Projects
Insights & Events Hub
Explore More
Trusted by
Industry Leaders
Recognitions
Proud Top B2B Companies 
Financial Times 
Forbes Diamonds 
Awwwards Proud Top B2B Companies Financial Times Forbes Diamonds Awwwards