Boerse Stuttgart Digital, the infrastructure provider for cryptocurrencies and digital assets in Europe, partners with Fenergo, a firm focused on AI-powered KYC, client lifecycle management, and transaction monitoring solutions.
Through this partnership, Boerse Stuttgart Digital embraces the next wave of growth in Europe’s crypto market by “enhancing the scalability of its infrastructure solutions, while streamlining compliance processes in collaboration with Fenergo.”
As FIs seek regulatory compliant solutions to enter the digital asset market, the partnership accelerates the “onboarding of banks, brokers and asset managers to launch their own crypto offerings.”
By streamlining the compliance processes for Know Your Customer (KYC) and Anti-Money Laundering (AML), Boerse Stuttgart Digital enables FIs to offer reliable “trading and custody services to their customers at scale leveraging Fenergo’s solutions.”
The collab with Fenergo underlines Boerse Stuttgart Digital’s commitment to the “highest regulatory standards” and further strengthens its position as Europe‘s “fully” regulated infrastructure “partner for digital and crypto solutions.”
Ruth Ormsby, MD EMEA at Fenergo, comments that Boerse Stuttgart Digital’s commitment to “creating regulatory compliant solutions for crypto and digital assets puts it at a competitive advantage.”
Boerse Stuttgart Digital, powered by Boerse Stuttgart Group, is the partner for integrated solutions along the value chain of cryptocurrencies and digital assets in Europe.
As part of the Boerse Stuttgart Group, with over 160 years of expertise in financial markets, Boerse Stuttgart Digital is regulated in Germany.
It offers infrastructure solutions around brokerage, trading, and custody of cryptocurrencies and digital assets, enabling financial institutions across Europe to provide access to cryptocurrencies and digital assets.
As covered, Fenergo is the provider of AI-powered Client Lifecycle Management (CLM) solutions that transform how FIs, asset management and fintech firms and corporates “onboard and manage clients throughout their client lifecycle. Its software digitally orchestrates every client journey from initial Know your Customer (KYC) and client onboarding, automating regulatory compliance and enabling continuous monitoring throughout the client lifecycle (transaction monitoring, perpetual KYC).”
Fenergo is recognized for its financial services and regulatory expertise and rules engine which ensures FIs are “future-proofed” against Environmental, Social and Governance (ESG), KYC, Anti-Money-Laundering (AML), tax and prudential regulations across 120+ jurisdictions.
