Fenergo, a provider of Know Your Customer (KYC) and compliance solutions, has expanded its services into the energy and commodities sectors, targeting firms facing increased regulatory scrutiny and complex supply chain challenges. The company, which traditionally served financial institutions, is already working with several major oil, gas and commodities firms to streamline client and supply chain onboarding processes.
Fenergo’s automated compliance monitoring platform covers regulatory requirements across more than 120 jurisdictions, enabling customers to centralize due diligence processes and maintain transparency across global supply chains, while reducing manual touchpoints through digital submission of KYC information.
“As the energy and commodities sectors become increasingly complex, with stricter regulations and multi-layered transactions, organizations in these industries have recognized the importance of advanced KYC and AML capabilities,” said Stella Clarke, chief strategy officer at Fenergo. “We were approached by leaders in these fields to see if our solutions could be applied to their specific challenges. And we’re proud to say yes.”
