Latest news with #Fenergo
Finextra
17-07-2025
- Business
- Finextra
Citi selects Fenergo's transfer agency platform
Citi has adopted Fenergo's Client Lifecycle Management platform to digitize select transfer agency services for regulated funds in Europe. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With Fenergo's platform, Citi's Global Transfer Agency business enables customized policy-driven risk assessments, automated data validations and real-time reporting through API connectivity. Citi's Global Transfer Agency unit is part of the bank's Fund Services business. Fund Services, which is in turn part of Citi Investor Services, serves institutional clients including asset managers and investment managers who create and run regulated funds for institutional or retail investors. With this move, Citi Transfer Agency advances on its digital transformation agenda, following from the launch of the bank's digital Transfer Agency service in the UK in 2023. 'The Fenergo platform brings together new generation technology with in-depth working knowledge of the regulatory environment that is crucial to supporting a breadth of multi-domiciled investments across diverse asset classes,' said Larissa Sototskaya, Head of Global Transfer Agency at Citi Fund Services. 'As the regulatory environment evolves, the adoption of Fenergo ensures that we move at pace with the industry while providing a real-time view of investor statuses.' Ruth Ormsby, Managing Director, EMEA, Fenergo: "We are delighted to support Citi's Global Transfer Agency business in Europe with our Client Lifecycle Management platform. Fenergo is firmly established as the market leader in this area and we are committed to evolving our platform with the latest innovations. This aligns with our goal to empower financial institutions like Citi to create a more engaging experience for investors, while maintaining the highest standards of compliance and operational excellence.'
Irish Post
06-07-2025
- Business
- Irish Post
Irish fintech company Fenergo announces creation of 300 jobs at Dublin HQ
LEADING Irish Software as a Service (SaaS) financial technology solutions provider Fenergo has this week announced the creation of 300 jobs at its global HQ in Dublin. The move is part of a €100m Research, Development & Innovation (RD&I) expansion plan supported by Enterprise Ireland. In addition to the new roles in Ireland, which will double the domestic headcount, Fenergo is creating new jobs across its international markets to meet demand for its AI-powered solutions. A total of 500 new positions will be filled by the company globally within the next three years. "This investment and growth of our Irish operations reflect our confidence in the excellent talent pool we have in this country, and a market where innovative thinking, entrepreneurship and evolving technology will propel Fenergo to new heights," said Marc Murphy, CEO and Founder of Fenergo. Fighting financial crime With support from Enterprise Ireland, Fenergo has also invested in a new RD&I Centre of Excellence, where the new Irish roles will be based, supporting Fenergo's innovation strategy. The new roles will enable Fenergo to further deliver on its mission to support financial institutions in fighting financial crime and creating a safer world. Fenergo will continue to build out its intelligent, AI-powered solutions for client lifecycle management (CLM), anti-money laundering (AML) and Know your Customer (KYC). This suite of solutions forms Fenergo's FinCrime Operating System, which addresses all anti-financial crime events and operations. The company's investment in its Irish and international expansion is expected to further bolster its ability to serve international markets while also growing its domestic business. In the year ending March 2025, 97 per cent of Fenergo's revenue was generated from exported business. 'Irish-owned, globally-focussed' Kevin Sherry, Interim CEO of Enterprise Ireland, said Fenergo's success showed how Irish companies can impact global markets. "Ambitious companies like Fenergo embody Enterprise Ireland's mission that Irish-owned, globally-focused companies will be the primary driver of our economy," he said. "Fenergo, announcing 500 new jobs today, is a great example of an innovative Irish company growing customers, adding RD&I to drive forward AI powered solutions and creating an impact in global markets. "I'd like to congratulate Marc and the team on this expansion and we look forward to working with them." Recruitment for the new roles is now underway, with candidates being sought for a wide range of mid-level engineering and R&D positions. Fenergo is also rolling out a graduate programme with the intention of appointing up to 30 university graduates. See More: Dublin, Enterprise Ireland, Fenergo
Irish Examiner
03-07-2025
- Business
- Irish Examiner
Irish fintech Fenergo to create 300 jobs as part of €100m investment
Financial technology and security firm Fenergo is to create 300 jobs as part of a €100m investment at its global headquarters in Dublin. The roles are part of the Irish company's €100m Research, Development, and Innovation (RD&I) expansion plan, supported by Enterprise Ireland, as the company doubles its headcount in the country. Fenergo provides software as a service (SAAS) AI-powered solutions for companies, specialising in know-your-customer (KYC) and anti-money laundering compliance transformation for financial institutions. 'This investment and growth of our Irish operations reflect our confidence in the excellent talent pool we have in this country, and a market where innovative thinking, entrepreneurship and evolving technology will propel Fenergo to new heights,' said Fenergo founder and chief executive Marc Murphy. 'With AI at the core of our RD&I strategy, we are committed to delivering future-proof solutions for financial institutions in Ireland, across Europe, the UK, America, Middle-East and Asia - supporting them during times of intensifying geopolitical tension and regulatory uncertainty.' Recruitment for the new roles in Ireland are underway for a wide range of mid-level engineering and R&D positions. Fenergo is also rolling out a graduate programme to appoint up to 30 university graduates. Amid concerns over Ireland's dependence on foreign direct investment, Enterprise Ireland chief executive Kevin Sherry noted that Fenergo is an example of a domestic firm choosing to invest at home. Some 97% of Fenergo's revenue in the year ending March 2025 was generated from exported business. 'Ambitious companies like Fenergo embody Enterprise Ireland's mission that Irish owned, globally focused companies will be the primary driver of our economy,' Mr Sherry said. 'Fenergo, announcing 500 new jobs today, is a great example of an innovative Irish company growing customers, adding RD&I to drive forward AI powered solutions and creating an impact in global markets.' Enterprise, Tourism and Employment Minister Peter Burke said the announcement reinforces Ireland's position "as one of the largest and most important tech hubs in Europe".
Irish Times
03-07-2025
- Business
- Irish Times
Cost of motor insurance surges and more cuts at Microsoft
The cost of motor insurance claims jumped by almost one quarter in the 12 months to the middle of last year, new figures published by the Central Bank suggest. Conor Pope reports. Staying with costs, homes and businesses face electricity bill increases of up to €16 a-year if regulators approve State companies' plans to spend billions boosting the Republic's power networks. Barry O'Halloran has the details. Microsoft began its third round of job cuts this year across its global operations on Wednesday as it looks to shed an additional 9,000 workers, including some in Ireland, in a bid to control costs. Ian Curran reports. The flow of multinational investment into Ireland accelerated in the first six months of 2025 despite the uncertainty around US tariffs. IDA Ireland's latest half-year report said the agency supported 179 investments in the six months to June with the potential to create more than 10,000 jobs. Eoin Burke-Kennedy reports. READ MORE In Net Results, Emmet Ryan highlights why the EU's plan to access phone messages is hairbrained, even if the intention is a good one. Cantillon looks at how AI is already impacting jobs at big tech firms while also beaking down the Central Bank's report on insurance costs. Irish fintech Fenergo is set to create 300 jobs in Dublin as part of a €100 million global expansion which will see 500 jobs created globally. 'This recruitment initiative is really to solidify our position as the number one in the global market in the financial technology and financial crime space,' Fenergo founder and chief executive Marc Murphy told The Irish Times' Hugh Dooley. In Inside Business , host Ciaran Hancock looks at the phenomenon of the D4 farmer. Not some wealthy entrepreneur herding cattle in Ballsbridge but wealthy individuals buying up farmland around the country as a wheeze to reduce the inheritance tax bills for their children. How does the tax break work? What impact will it have on land prices? And is anything being done to change it? He speaks to Fiona Reddan of the Irish Times and Marty Murphy, head of tax at IFAC Ireland. US president Donald Trump wants Apple to move production out of China and back to the US, but the tech firm is expanding operations in India. Here's how it is doing it. In Innovators to Watch, Olive Keogh meets an Irish tech firm that promises to slash cybersecurity audit times with AI. Ireland's services sector suffered 'a significant loss of momentum ' at the halfway mark of 2025, according to new data from AIB. Activity, new business, and employment all rose 'only modestly', the bank said in its monthly pulse-check of the sector. Colin Gleeson has the story. Amazon Web Services (AWS) plans to construct three new data centres in north Dublin that 'will have no significant impact on climate'. Gordon Deegan has read the plans. If you'd like to read more about the issues that affect your finances try signing up to On the Money , the weekly newsletter from our personal finance team, which will be issued every Friday to Irish Times subscribers.
Irish Independent
03-07-2025
- Business
- Irish Independent
Fenergo to hire 300 people in Ireland in €100m R&D expansion
The firm, which was acquired by European private equity interests in a €600m transaction in 2021, says that the jobs will be in engineering, AI and other areas of the business. The move would double the firm's Irish headcount. A further 200 international jobs are also planned, the company added. The hiring is scheduled over the next three years with support from Enterprise Ireland. 'The new roles will enable Fenergo to further deliver on its mission to support financial institutions in fighting financial crime and creating a safer world,' said a company spokesperson. 'Fenergo will continue to build out its intelligent, AI-powered solutions for client lifecycle management, anti-money laundering and 'know your customer'.' Fenergo has achieved global success with software that helps companies with financial compliance and regulatory rules. Majority owned by the private equity firms Astorge and Bridgepoint, Fenergo's last valuation was approximately €1bn, making it one of a handful of Irish 'unicorns', privately-held companies worth more than $1bn. Recruitment for mid-level engineering and R&D positions is now underway, the company said. Fenergo also announced a graduate programme to attract up to 30 university graduates. 'This investment and growth of our Irish operations reflect our confidence in the excellent talent pool we have in this country, and a market where innovative thinking, entrepreneurship and evolving technology will propel Fenergo to new heights,' said Marc Murphy, CEO and founder of Fenergo. 'With AI at the core of our strategy, we are committed to delivering future-proof solutions for financial institutions in Ireland, across Europe, the UK, America, Middle East and Asia, supporting them during times of intensifying geopolitical tension and regulatory uncertainty." The company was talking as Enterprise Ireland announced client company export figures for 2024 of €36.75bn, up 7pc on 2023. The agency said that all territories and major sectors recorded increases and that its previously-stated strategic target of €30bn in exports had been surpassed. It said exports to Europe grew by 8pc to €10.63bn, representing 29pc of total exports. 'This is the first time that exports to this region have surpassed the UK, making Europe now the largest export territory for Enterprise Ireland's client base,' the agency said in a statement. The UK saw €10.52bn of exports in 2024 by EI client companies, up 4pc on 2023 and surpassing the €10bn mark for the first time. The North American market saw growth in exports of 8pc to €7.3bn in 2024.
