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Dublin fintech Fenergo makes first acquisition with Sentinels

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25 April 2022

Amsterdam-based Sentinels was snapped up for a reported eight-figure sum to boost AML monitoring for Fenergo clients.

Fenergo cited research by advisory firm Celent last year, which suggested that 63pc of financial institutions expect budgets to increase for financial crime and fraud, with 17pc anticipating an increase of more than 5pc. Celent also found that overall spend for AML and KYC technology has increased by 13pc since 2020 to $10.7bn.

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News article details

Industry
Capital Markets, Corporate Banking, Life Insurance, Property & Casualty Insurance, Retail Banking, Wealth Management
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America