Fenergo has partnered technology consulting and managed services provider Delta Capita to deliver a ‘Powered by Fenergo’ client remediation offering designed to address market demand and act as a catalyst to the adoption of Fenergo’s client lifecycle management solution either onsite or as a managed service delivered by Delta Capita. The strategic partnership is the first in Fenergo’ Partner Platform Programme.
The companies’ service is aimed at helping Tier 2 and Tier 3 banks, as well as non-bank financial services organisations, that are seeking to simplify and reduce the total cost of ownership associated with operating internal business platforms. It will also provide client remediation projects on flexible terms with a view to helping clients that are struggling with remediation due to a lack of proper tooling, controls and reporting that is resulting in escalating staff costs.
Marc Murphy, CEO at Fenergo, says: “This is a significant development for Fenergo as it allows us to service new segments of the market. Firms in these segments will not only benefit from Fenergo’s industry standard solution, but will also have access to our client community, a global regulatory collective of over 20,000 risk and compliance experts.”
Joe Channer, CEO at Delta Capita, adds: “This partnership will bring a disruptive service offering to market, helping clients meet their client lifecycle management challenges. The proprietary approach to managing the client lifecycle is unsustainable for many medium- and smaller-sized firms. Clients want to reduce the cost and complexity of ownership and are seeking utility style business models offering industry standardisation based on best practice and mutualised cost benefits. This partnership is a response to that demand and offers clients a real alternative to in-house managed solutions.”
The managed service will be a global solution, serving clients locally through Delta Capita hubs based in the UK, Benelux, Frankfurt, Johannesburg, New York, Singapore and Hong Kong.