connections
our blog covering the latest news and industry trends from the financial and professional service sectors
Technology is key as COVID-19 places ‘unprecedented challenges’ on banks
Banks must look to technology now in order to manage the wide-ranging ramifications of the Coronavirus pandemic, according to Encompass’ CEO and co-founder, Wayne Johnson.His comments come after the European Banking Authority (EBA) released a report detailing the...
Regulation experts champion cutting-edge technology to guide organisations and consumers through COVID-19
In the latest episode of the RegTech 20:20 podcast, guest speakers Gus Tomlinson, General Manager of Identity Fraud for GBG, and Alan Samuels, Head of Product for Encompass, discuss the ongoing role of RegTech in a changing world. As they reflected on its impact and...
The digital imperative for KYC at Australian banks
Strategic plans of Australia’s four largest banks are funding initiatives that deliver outcomes aligned with recommendations made by the recent Royal Commission.At a high level, their strategies focus on providing excellent customer service, embracing digital...
RegTech must be a priority in our changing world
During these uncertain and challenging times, the way in which banks and financial institutions operate is changing.With remote working now the norm, and likely to be so for the foreseeable future, reduced human interaction is something that businesses are having to...
webinar recap: OPBAS AML compliance – what can be learnt from the banking sector’s approach to digital KYC
The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has advised that law firms and professional services should be working to the same standards as banks, particularly in establishing robust controls around compliance processes.So, what does...
Encompass in the spotlight: automating processes to achieve compliance
Compliance processes for the banking and finance sectors are well established, especially in core financial centres like the United States, United Kingdom, Singapore and Hong Kong. The regulators in these markets are active in enforcing requirements and ensuring...
Dealing with the surging demand for digital services in the banking and business sector
The COVID-19 pandemic is having a devastating impact on businesses and the economy in the UK.Access to finance for business, as provided by banks and financial services institutions, is imperative in these trying times. Whether you’re a shopkeeper, sole trader or...
Evalueserve partners with Encompass to provide modular automation in KYC
Evalueserve, a global leader in analytics consulting, today announced a partnership with Encompass, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions. This partnership will augment Evalueserve’s KYC services with automated data...
Managed Service Providers play a critical role in the GRC ecosystem
The work of Know Your Customer (KYC) required by AML/CTF legislation creates challenges for regulated organisations.Institutions reliant on manual operations in KYC commonly suffer from low productivity. When productivity is low an institution is using its capital...
in the spotlight: David Williams, Sales Director
At Encompass, we pride ourselves on being a tight-knit team, and someone who knows this well is David Williams, our Sales Director for Asia Pacific.As our key sales professional in the region, David, who has two decades of experience in the financial services...