Sold by: Fenergo
Deployed on AWS
Fenergo Transaction Monitoring is a powerful solution designed to help financial institutions accurately and efficiently detect a wide range of suspicious transaction activity, whilst intelligently lowering false positive rates. The solution facilitates both real-time identification of suspicious activity, as well as post-event transaction monitoring, creating actionable client profiles, supported by intuitive workflow and case management for fast, effective, data-driven investigations. Built as SaaS on a multi-tenant, API-first architecture, Fenergo Transaction Monitoring is optimized for high performance, even at peak transaction volumes, scaling and performing seamlessly as your business grows. For further information please contact Fenergo at info@fenergo.com
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Overview
Fenergo Transaction Monitoring enables financial institutions to implement, configure and optimize real-time and post-event detection of money laundering. It offers; Compliance by Design with regulatory requirements through pre-defined data models, analytics, workflows and SAR filing, with no-code configuration, faster detection and management of key risk vectors with real-time detection of money laundering, ease of expansion into new business geographies with scalable architecture and ongoing monitoring of regulatory landscapes, a unique hybrid detection model uses a powerful combination of preconfigured detection scenarios and machine learning to optimize performance of AML processes and minimize false positives, and to reduce Total Cost of Ownership through no-code, API-first, and cloud-native architecture. Please note that pricing may vary by type & volumes of entities. For further information please contact Fenergo at info@fenergo.com
Highlights
- A real-time detection engine that uses scenario rules to process traffic, identify suspicious transactions and block them in real-time, stopping financial crime before it happens.
- Intuitive case management capabilities that enable analysts to manage alerts and investigations effectively and efficiently.
- Facilitating Suspicious Activity Reporting to local Financial Intelligence Units (FIU) through the formatted export of data according to local FIU requirements.
Details
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Features and programs
Financing for AWS Marketplace purchases
AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
Pricing
Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Dimension | Description | Cost/12 months |
|---|---|---|
Small Deployment (Available through Private Offer Only) | Entry point for non-financial institutions that monitor the transactions of their clients (combination of Corporate and Individual clients as applicable). | $140,000.00 |
Medium Deployment (Available through Private Offer Only) | Entry point for banks and financial institutions that monitor the transactions of their clients across a single jurisdiction and/or a single line of business (combination of Corporate and Individual clients as applicable) | $300,000.00 |
Enterprise Deployment (Available through Private Offer Only) | Entry point for banks and financial institutions that monitor the transactions of their clients across multiple jurisdictions and/or multiple lines of business (combination of Corporate and Individual clients as applicable) | $600,000.00 |
Dimensions summary
This listing offers three deployment options scaled by the size and scope of the monitoring you need. The Small Deployment fits non-financial institutions monitoring their clients' transactions. The Medium Deployment suits banks and financial institutions operating within a single jurisdiction or line of business. The Enterprise Deployment supports banks and financial institutions monitoring clients across multiple jurisdictions or multiple lines of business. Each tier is measured in units covering a combination of Corporate and Individual clients as applicable. All three are available through Private Offer only, so you agree on quantity and contract terms directly with the vendor.
Top-of-mind questions for buyers
A unit covers a combination of Corporate and Individual clients whose transactions you monitor, as applicable to your setup. Each tier is measured in these client-based units. You agree on the exact unit quantity with the vendor when arranging the deployment through a private offer.
Your choice depends on institution type and monitoring scope. Small fits non-financial institutions. Medium fits banks and financial institutions in a single jurisdiction or line of business. Enterprise fits banks and financial institutions across multiple jurisdictions or lines of business. Pick the tier matching your operating footprint.
Fenergo Transaction Monitoring is delivered as a hosted, multi-tenant SaaS solution with an API-first design. It uses cloud-native services and scalable storage. You consume features through APIs without managing the underlying infrastructure yourself.
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Vendor refund policy
For questions about our refund policy, please contact your Fenergo account representative.
Legal
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Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
Support
Vendor support
The Fenergo Client Lifecycle Management Solution Fenergo offers different levels of support depending on client requirements and agreements. To contact Fenergo support please reach out to support@fenergo.com
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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Customer reviews
Investment Banking
Fenergo CLM
Reviewed on Nov 05, 2021
Review provided by G2
What do you like best about the product?
workflow, audit trail, report generation, doc storage
What do you dislike about the product?
to make changes in previous fields, one needs to refer it again and again
What problems is the product solving and how is that benefiting you?
client lifecycle management, doc storage
Recommendations to others considering the product:
Good platform