connections
our blog covering the latest news and industry trends from the financial and professional service sectors
Who is to blame for 18 years of undiagnosed financial crime after FinCEN Files leak?
On 20 September, it was globally publicised that FinCEN Files had been leaked to BuzzFeed News. Said files exposed some of the world’s largest banks, suggesting that they had been aware of cases of money laundering, corruption and fraudulent activity, contained in up...
What it means to be a woman in RegTech
Female participation in the RegTech industry has grown over the last few years, with women now accounting for up to 35 per cent of the RegTech workforce, but there is more to do - especially when it comes to women moving into leadership roles. In the latest episode of...
Encompass named a ‘favourite’ vendor in Wavestone RegTech Radar 2020
This month, digital consultancy firm Wavestone published its RegTech landscape white paper and included RegTech provider Encompass as a ‘favourite’ solution. According to the RegTech Radar 2020, Encompass is the “archetype of a mature solution, making a process both...
How automation is changing the face of global logistics
With individuals and businesses alike increasingly relying on technology to power output and enable the smooth completion of tasks, its benefits are clearer today than ever.Looking at intelligent process automation (IPA) particularly, this has developed significantly...
How partnering with Encompass helps organisations to deliver
Currently, 80% of Know Your Customer (KYC) processes are manual, with organisations spending an estimated $8bn a year performing these mandatory tasks. According to Capgemini, the average financial institution spends $58 million per year on client onboarding...
In the spotlight: Szymon Szukalski, Chief Technical Advocate
Szymon Szukalski's journey with Encompass started as part of our Asia Pacific staff, in a team of fewer than 10 people, when we were solely based in Australia.In the years that have followed, he has watched the company and our footprint grow significantly globally,...
RegTech 2020 podcast: Exploring financial crime RegTech in the USA
Today, financial institutions deal with increasingly complex transactions and regulations that are continually changing. For the financial services industry, the cost of regulatory obligations has dramatically increased in recent years and, as a result, there has been...
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...