connections
our blog covering the latest news and industry trends from the financial and professional service sectors
The importance of digital transformation as banks look to the future
There is no doubt that the COVID-19 pandemic has had far-reaching implications across the financial services industry. With some institutions facing up to restructuring, and customer expectations evolving, the need to embrace digital transformation and new solutions...
Encompass features in new series considering initiatives leading compliance into the future
Encompass today shares news of involvement in a series that addresses the role of the compliance professional, and the latest insights, challenges and opportunities for business growth, co-produced by The International Compliance Association (ICA) and ITN Productions...
Scottish Technology Ecosystem Review can help sector grow and deliver, says FinTech Scotland Chief Executive
The time is now when it comes to building on the progress made within Scotland’s technology sector, according to FinTech Scotland Chief Executive Stephen Ingledew.It has been in the spotlight since the publication of the Scottish Technology Ecosystem Review, carried...
Nearly three-quarters of businesses are more likely to join a bank with a fully digital onboarding process
Almost three-quarters (73%) of businesses are more likely to select a bank that could perform all relevant regulatory checks digitally, according to official research from Encompass.The data, which was obtained via a survey of 200 senior business decision-makers in...
Encompass shortlisted in Scotland IS Digital Technology Awards 2020
Encompass has been shortlisted in this year’s Scotland IS Digital Technology Awards. The awards highlight the innovation, expertise and ambition of businesses within the industry in Scotland, as well as celebrating the people behind them. With a panel of judges...
How neobanks can help introduce an efficient KYC programme to the financial industry
The banking revolution that we are seeing will result in substantial changes to many processes related to traditional banking - and some of them are already coming to fruition. Cheque usage, for instance, is, and has been, in decline in recent years. In the UK alone,...
Why the UK is an ideal base for Encompass as we continue to grow
Financial crime always creates victims, and governments continue to legislate to protect societies against perpetrators and the suffering they cause.Just as we reduce risks of criminal activity in physical environments, for example, by ensuring public streets are well...
Encompass podcast RegTech 2020 focuses on efficiency, transparency and respect
What do the terms efficiency, transparency and respect mean in RegTech? That’s what the latest episode of the RegTech 20:20 podcast, from Encompass, asks.As solutions disrupt different parts of the RegTech ecosystem, financial institutions have adapted, and varying...
Why the UK Finance Mortgage Lenders’ Handbook is causing confusion for law firms
The digitalisation of key services in business has been expansive, to say the least. Every year there is a new emerging trend, a new ‘hot word’ or key term, and a new promise from technology vendors that these trends will change the way processes are run. And for the...
Fraud fears as FCA investigates over 150 COVID-19 related scams
The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.The data, obtained under the Freedom of Information (FOI) Act by the Parliament Street think tank’s cyber research...