Dublin based Regtech firm Fenergo, the provider of client lifecycle management (CLM), Know your Customer (KYC) and transaction monitoring (TM) solutions announces that Adepa, a provider of global asset servicing solutions, deployed its software to streamline investor onboarding and enhance compliance across Adepa’s operations, beginning in Luxembourg.
Established back in the 1980s and with operations based in Luxembourg, Italy, Spain, and Latin America, Adepa says that it solutions to traditional and alternative asset managers, wealth managers and corporations worldwide.
Alireza Sahraei, Global Head of Investor Services Adepa, said that their primary goal is to improve the investor onboarding experience while also ensuring compliance with regulatory requirements.
Adepa’s Investor Services division was formed with the mission to enhance efficiency and deliver services to clients – a value proposition “that continues to gain market recognition and client appreciation, driving growth in this area.”
Following a market evaluation, Adepa selected Fenergo for its technology, including automated KYC/AML compliance as well as vital investor onboarding capabilities.
Additionally, the modularity of Fenergo’s platform aligns with Adepa’s goal of offering outsourced KYC and AML services to clients.
Sahraei added that the cost of compliance continues to increase and they realized the need for a partner such as Fenergo that may assist them with becoming efficient while maintaining the standards of service.
They also mentioned that Fenergo’s expertise in multi-jurisdictional compliance—including markets like Spain—addressing complexity and operational efficiency made it the suitable fit for them.
The collab between Adepa and Fenergo indicates a focus on adopting open architecture solutions.
In line with its commitment to improvement, Adepa is transforming its operational processes via the implementation of Fenergo’s platform, which focuses on digitalization as well as automation.
Ruth Ormsby, Managing Director, EMEA, Fenergo, commented on the partnership, noting that they are looking forward to working with Adepa and support its vision of becoming a global enabler of asset servicing by improving investor onboarding.
By using Fenergo’s solutions, Adepa would be able to boost efficiency, reduce risk and deliver services to clients.
This latest partnership is set to deliver operational efficiencies, enhance scalability, and improve the investor experience. Adepa has reportedly deployed Fenergo’s solutions in its Luxembourg headquarters, with the potential for future rollout across various other jurisdictions.
