Announced
Completed
Financials
Sources
Tags
Completed
Friendly
Domestic
Private
Acquisition
FinTech
Single Bidder
Majority
financial software
Netherlands
Synopsis
Fenergo, a developer of client and regulatory technology, completed the acquisition of Sentinels, a developer of a transaction monitoring platform designed to empower compliance experts. Financial terms were not disclosed. “Our shared goal of aiming to solve the increasing compliance and operational challenges facing financial institutions made Sentinels an ideal fit. By adding transaction compliance to our existing client onboarding and product origination solutions, financial institutions can monitor and review client behaviour and identify risks on an ongoing basis. This blended approach to financial crime makes us perfectly placed to address the rising compliance challenges faced by financial institutions more efficiently," Marc Murphy, Fenergo CEO.
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