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.

With an excess of $50bn in monthly notional flow across its infrastructure, Copper needed a CLM and AML platform that could streamline and scale its in-depth assessment and provide a single view of its institutional investor client base.

Copper’s clients range from institutional asset managers to wealth managers, hedge funds, private banks, crypto funds and family offices. The digital asset infrastructure firm was looking to automate its client onboarding process. By deploying Fenergo’s CLM and AML solution across its 500+ strong client base, Copper can now ensure fully automated checks and balances are carried out throughout the client onboarding process. 

Carly Nuzbach Lowery, Chief Legal Officer at Copper said: “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.”

Stella Clarke, Chief Strategy and Marketing Officer at Fenergo, added: “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.”