Fenergo has launched a new fincrime platform that integrates client onboarding, KYC, screening and transaction monitoring functions with six autonomous AI agents designed to automate compliance tasks. The system aims to unify previously siloed compliance processes across financial institutions.
The platform includes AI agents that handle specific compliance functions, including data sourcing from third-party providers, screening checks, document classification and risk assessment workflows.
“Across the financial services industry compliance has become increasingly complex, costly and unsustainable,” CEO Marc Murphy said in a news release. “Fenergo’s vision is to drive unprecedented change by transforming compliance from a reactive cost-center into a strategic competitive advantage.”
