Fenergo, the leading provider of Know-Your-Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, today announces that Copper.co, a leading provider of custody, trading and settlement services for digital assets, will deploy its SaaS-based CLM and anti-money laundering (AML) solution to onboard increasingly complex client ownership structures.

Copper needed a CLM and AML platform that could automate and expand its in-depth evaluation and provide a single picture of its institutional investor client base because it had more over $50 billion in notional flow each month across its infrastructure.

“While crypto as an asset class has experienced significant growth, firms operating in this space are coming under increasing pressure to improve client experience and adapt quickly to evolving regulatory environments. Our CLM and AML solution helps firms like Copper to reduce risk, manage compliance and deliver tangible operational efficiencies that transform the investor journey through the onboarding lifecycle.”

                                        Stella Clarke, Chief Strategy and Marketing Officer at Fenergo.

Institutional asset managers, wealth managers, hedge funds, private banks, crypto funds, and family offices are just a few of Copper’s clientele. The company that provides infrastructure for digital assets wanted to streamline the onboarding of new clients. Copper can now guarantee completely automated checks and balances are carried out throughout the customer onboarding process by adopting Fenergo’s CLM and AML solution throughout its 500+ strong client base.

“Continued market demand and growth across our platform require us to look to increase automation and facilitate scale where appropriate across the business. The Fenergo CLM and AML solution extends the Copper best-in-class experience to the full client onboarding lifecycle – improving customer satisfaction, reducing the time it takes to onboard clients, and ensuring thorough risk assessment to protect all parties involved.”

                                                      Carly Nuzbach Lowery, Chief Legal Officer at Copper.