Boerse Stuttgart Digital partners with Fenergo 06 November 2024Germany Reporter: Jack McRae
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Boerse Stuttgart Digital has partnered with Fenergo to accelerate the onboarding of banks, brokers and asset managers launching their own crypto offerings.
The integration of Fenergo aims to enhance the scalability of Boerse Stuttgart Digital's infrastructure solutions for financial institutions. This is designed to also help streamline compliance processes.
Ulli Spankowski, chief digital and product officer of Boerse Stuttgart Digital, says: "Our partnership empowers banks, brokers and asset managers to enter the crypto market, backed by infrastructure that ensures scalability, security, and full regulatory compliance. Together with Fenergo, we continue to drive the adoption of crypto across Europe.”
Ruth Ormsby, managing director for EMEA at Fenergo, adds: “With such intense regulatory scrutiny towards the sector, firms are obligated to deploy robust frameworks for anti-money laundering and KYC compliance, but the challenge is balancing growth. Fenergo's client lifecycle management solution, validated by the world's largest financial institutions, will allow Boerse Stuttgart Digital to future-proof its solutions against regulatory change.”
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