Trading and settlement service provider Copper.co has selected software company Fenergo to provide its client lifecycle management (CLM) and anti-money laundering (AML) solutions.
The partnership will give Copper.co a single view of its institutional investor client base. Fenergo’s solutions will also help the company to automate its client onboarding process, including checks and balances.
Copper.co has more than US$50 billion in monthly notional flow across its infrastructure, and boasts more than 500 clients. The company serves a wide range of customers, from institutional asset managers to hedge funds, private banks, crypto funds, and family offices.
Carly Nuzbach Lowery, chief legal officer at Copper.co, says: “Continued market demand and growth across our platform requires us to look to increase automation and facilitate scale where appropriate across the business.
“The Fenergo CLM and AML solution extends the Copper 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.”
Stella Clarke, chief strategy and marketing officer at Fenergo, adds: “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 solutions helps firms like Copper to reduce risk, manage compliance, and deliver tangible operational efficiencies that transform the investor journey through the onboarding lifecycle.”
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