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Cybersecurity · head to head

Fenergo vs Keygen

Fenergo logo

Fenergo

Cybersecurity

Client lifecycle management and KYC onboarding for regulated financial institutions

From
On request
Rated
-
Full reviewWebsite
Keygen logo

Keygen

Cybersecurity

Open, source-available software licensing API

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Keygen has a free tier, so it costs nothing to try first.
  • Each has a real cost: Fenergo implementations commonly run twelve to twenty-four months and depend on a systems integrator, so the services cost frequently exceeds the software subscription in year one.; Keygen specific Active Licensed User (ALU) pricing not listed; requires interactive pricing calculator
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Fenergo and Keygen actually diverge.

Attributes where Fenergo and Keygen differ
AttributeFenergoKeygen
Starting priceOn requestFree
Pricing modelquoteusage-based
Free tierNoYes

Identical on both: platforms (Web), user rating (Not yet rated), category (Cybersecurity).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Fenergo

  • Regulatory rules library
  • Digital onboarding
  • Perpetual KYC
  • Entity data model
  • Screening orchestration
  • Case management

Only in Keygen

Nothing recorded that Fenergo does not also cover.

What people use each for

The jobs each tool is most often brought in to do.

Fenergo

  • A bank operating in twenty jurisdictions that cannot keep local KYC requirements current across separate regional teamsnot Keygen
  • A custodian moving from calendar-based periodic review to event-driven perpetual KYC to cut analyst headcountnot Keygen
  • An asset manager onboarding funds and trusts where the ownership hierarchy defeats generic identity verification toolsnot Keygen
  • A payments institution facing a regulatory remediation order and needing a defensible audit trail of every client reviewnot Keygen

Keygen

  • Software licensing and distributionnot Fenergo
  • Product release managementnot Fenergo
  • API-based license verificationnot Fenergo

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Fenergo

  • Implementations commonly run twelve to twenty-four months and depend on a systems integrator, so the services cost frequently exceeds the software subscription in year one.
  • It orchestrates screening but does not supply the sanctions, PEP or adverse media data, so you still buy Dow Jones, LexisNexis or World-Check separately and those fees are per screened entity.
  • The entry price is set for institutions with large onboarding volumes, which puts it out of reach of smaller banks and fintechs that would otherwise benefit from the rules library.
  • Configuration is deep and specific, which makes upgrades between major versions a project rather than a patch, and some customers stay on old releases for years.
  • The rules library covers regulatory requirements, not your internal risk appetite, so the policy tuning that determines whether onboarding actually gets faster remains your work.

Keygen

  • Specific Active Licensed User (ALU) pricing not listed; requires interactive pricing calculator
  • Whitelabel API add-on costs $995/year per domain

Pricing, plan by plan

Fenergo

On request
  • Fenergo Client Lifecycle Management$undefined/year
    • Priced by institution size, jurisdictions in scope and modules licensed
    • Regulatory rules content subscription bundled into the annual fee
    • Implementation delivered by Fenergo or a systems integrator and quoted separately

Keygen

Free
  • DevFree
    • Up to 100 Active Licensed Users
    • 10 product releases
    • Core licensing API only
  • Std$null/month
    • Scaling with licensing volume
    • Distribution API (OCI/Docker, npm, Rubygems, PyPI, Tauri)
    • Flat monthly/yearly fees
  • Enterprise$null/month
    • Audit logs
    • SAML/SSO
    • IP filtering

Which should you pick?

Choose Fenergo if

  • You need regulatory rules library.
  • You also want digital onboarding.
Fenergo review

Choose Keygen if

  • You want to start without paying.
Keygen review

Questions people ask

Is Fenergo or Keygen better?
Neither clearly leads. Fenergo starts at On request and Keygen at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Fenergo or Keygen?
Keygen has a free tier; the other does not. Paid plans start at On request for Fenergo and Free for Keygen.
Does Fenergo or Keygen run on more platforms?
Both run on Web, so platform support will not decide this one for you.
Can I use Keygen for free?
Yes. Keygen has a free tier, so you can try it without paying. Fenergo starts at On request.
What is Fenergo best used for?
Fenergo is most often used for a bank operating in twenty jurisdictions that cannot keep local kyc requirements current across separate regional teams, a custodian moving from calendar-based periodic review to event-driven perpetual kyc to cut analyst headcount, an asset manager onboarding funds and trusts where the ownership hierarchy defeats generic identity verification tools, a payments institution facing a regulatory remediation order and needing a defensible audit trail of every client review. Of those, a bank operating in twenty jurisdictions that cannot keep local kyc requirements current across separate regional teams and a custodian moving from calendar-based periodic review to event-driven perpetual kyc to cut analyst headcount are not what Keygen is typically brought in for.
What can Fenergo do that Keygen cannot?
Fenergo covers Regulatory rules library, Digital onboarding, Perpetual KYC, Entity data model.

Answered from the vendors’ own pages

Fenergo: Does Fenergo do the sanctions screening itself?

No. It orchestrates calls to third-party data providers such as Dow Jones and World-Check, and those subscriptions are additional and usually charged per screened entity.

Keygen: Does Keygen have a free tier?

Yes, the Dev tier is free and supports up to 100 Active Licensed Users with 10 product releases and core licensing API access.

Source
Fenergo: Is it SaaS or on-premises?

Both. The SaaS offering runs on Microsoft Azure with regional deployment options, which matters where data residency rules prohibit client data leaving the jurisdiction.

Keygen: How is Keygen pricing calculated?

Keygen uses scalable, flat monthly or yearly fees based on your licensing volume (Active Licensed Users). No revenue share or transaction fees are charged.

Source
Fenergo: How long does a deployment take?

Plan for a year at minimum for a multi-jurisdiction rollout. Single-jurisdiction deployments with a narrow product set can be shorter but rarely under six months.

Keygen: Does Keygen charge for additional features like SSO?

SAML/SSO is included in Enterprise tiers. Whitelabel API support costs $995/year per domain. Premium Support SLA is $995/month for Enterprise.

Source
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