Shieldpay Teams up With Fenergo to Enhance Risk Monitoring

Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), and Shieldpay, the market leading fintech solving high value, complex B2B payments, recently announced their partnership. The companies are working together to realise a comprehensive CLM system and perpetual risk monitoring, as Shieldpay scales its operations.

Fenergo's Software as a Service (SaaS) CLM and transaction monitoring solution enables Shieldpay to consolidate real-time client KYC and AML data in one platform, achieving perpetual customer due diligence and supporting ongoing regulatory policies. With this in place, Shieldpay can manage a fully digital due diligence process, which will streamline internal operations and allow for faster onboarding of new clients. 

Commenting on the selection, James Stubbs, Head of Product, Shieldpay, said:  "As we continue to expand, it's crucial that we have partners that share common goals around making the payments landscape highly secure. Fenergo’s depth of experience in onboarding complex entity structures, transparency, and ability to automate client due diligence made it the standout vendor of choice."

"Modern payments businesses like Shieldpay require CLM solutions that provide seamless automation, in addition to a complete view of their clients and ensure full compliance with international regulations," said Stella Clarke, Chief Strategy and Marketing Officer, Fenergo.

"Through our solution, Shieldpay can focus on delivering an exceptional overall client experience within a secure environment. We look forward to continuing to be a transparent partner as Shieldpay drives the B2B payments industry forward."