FMO selects Fenergo for KYC streamlining

Fenergo, a provider of AI-powered client lifecycle management (CLM), KYC, and AML solutions, has been selected by FMO – The Dutch entrepreneurial development bank to modernise its onboarding and KYC operations.

As Fenergo’s first development banking client, FMO will use Fenergo’s CLM solution and Document Agent to manage complex portfolios across emerging markets, while improving regulatory oversight, transparency, and operational efficiency. The platform is expected to accelerate onboarding and KYC timelines, enhance client engagement, and enable teams to focus on higher-value work through data-driven insights.

“Fenergo stood out for its ability to support comprehensive due diligence in emerging markets under demanding regulatory requirements,” said Friso Schellekens, Director KYC at FMO.

Ruth Ormsby, Managing Director, EMEA at Fenergo, added: “We are proud to welcome FMO as our first development banking client. This partnership reflects our shared commitment to strong governance, transparency, and intelligent compliance that empowers teams to focus on critical business priorities.”