Boerse Stuttgart Digital, a cryptocurrency and digital asset infrastructure provider in Europe, has joined forces with Fenergo to bolster regulatory compliant crypto solutions across Europe.
Based in Ireland, Fenergo offers artificial intelligence (AI)-driven client lifecycle management (CLM) solutions that support financial institutions, asset management firms, fintechs, and corporates in digitally managing client onboarding and lifecycle processes.
Its software automates each stage of the client journey, from initial know your customer (KYC) checks and onboarding through to compliance monitoring, transaction monitoring, and perpetual KYC.
Fenergo EMEA Managing Director Ruth Ormsby said: “With such intense regulatory scrutiny towards the sector, firms are obligated to deploy robust frameworks for anti-money laundering and KYC compliance, but the challenge is balancing growth.
“Fenergo’s client lifecycle management solution, validated by the world’s largest financial institutions, will allow Boerse Stuttgart Digital to future-proof its solutions against regulatory change.”
The collaboration aims to boost Boerse Stuttgart Digital’s infrastructure capabilities while streamlining compliance processes. This is expected to position the company for significant growth in Europe’s expanding cryptocurrency market.
In addition, the partnership will help accelerate onboarding for banks, brokers, and asset managers seeking to launch their own crypto offerings.
By integrating Fenergo’s KYC and AML compliance technology, Boerse Stuttgart Digital enables financial institutions to deliver secure and scalable crypto trading and custody services to clients.
According to Boerse Stuttgart Digital, the partnership demonstrates its commitment to upholding stringent regulatory standards, solidifying its role as Europe’s fully regulated infrastructure partner for digital and cryptocurrency solutions.
Boerse Stuttgart Digital chief digital and product officer Ulli Spankowski said: “Our partnership empowers banks, brokers and asset managers to enter the crypto market, backed by infrastructure that ensures scalability, security, and full regulatory compliance.
“Together with Fenergo, we continue to drive the adoption of crypto across Europe.”
