Fenergo: Completes acquisition of regtech Sentinels
- Fenergo is the digital enabler of client and regulatory technology for financial services
- Announced the acquisition of Sentinels, an AML transaction monitoring new market entrant with AI-based technology
- The acquisition, for an undisclosed amount, strengthens its ability to deliver end-to-end SaaS based-CLM
- The deal comes as the industry continues to be challenged by rising financial crime, evolving regulations
- Sentinels’ transaction monitoring solutions are purpose-designed to detect and eliminate criminal transactions fast
- The acquisition will enable Sentinels to scale rapidly, increase its global footprint, and strengthen its ability
