connections
our blog covering the latest news and industry trends from the financial and professional service sectors
why regtech is more important than ever as businesses adjust to new ways of working
As most businesses adjust to a new, largely remote, way of working, the benefits of regtech, both in terms of continuing to tackle financial crime and implementing efficient processes, are becoming increasingly evident.Criminals are taking advantage of the COVID-19...
the global rise of regtech
2020 has been touted as the global year of regtech, with experts predicting investment will have increased by 500% by the end of it – rising from $10.6 billion in 2017 to more than $53 billion this year. With more reliance on regtech in financial services than ever before, we examine how it’s grown and earned its place in the wider industry in the UK and beyond.
Regtech 20:20 podcast considers the future of digital transformation
As solutions disrupt different parts of the regtech ecosystem, the digitisation of financial services has started to take place. With this trend gaining momentum, it is important to understand how regtech will change businesses now and in the future. Chris Skinner,...
Four in 10 UK businesses abandon banking services applications due to ‘slow due diligence processes’
38% of UK businesses have deliberately abandoned an application for banking services in the last year due to ‘slow due diligence processes’, according to new research from Encompass. The survey, which polled 200 business decision-makers in large and medium sized...
in the spotlight – Alex Zervos, Business Development Manager
Alex Zervos is one of our Sales team’s newest recruits, having joined Encompass earlier this year.With a wealth of experience of the inner workings of the legal sector, he works to bolster what we offer to our customers in this area and, as he told us, is particularly...
how Encompass can help transaction monitoring solutions overcome typical automation challenges
Regulated financial organisations are constantly working to maintain robust Anti-Money Laundering (AML) policies and procedures to help mitigate the risks they are exposed to in a rapidly changing industry, as well as demonstrate their ongoing compliance to regulators...
webinar recap: how automation can enhance your KYC process
We recap our webinar on how automation can enhance the KYC process, presented by Mike Kearney.
Encompass reaction to Which? calls for all banks to adopt anti-fraud measures
Consumer group Which? is calling on the government to force all banks to adopt new anti-fraud measures, after analysis uncovered that more than £1bn has been lost to bank transfer scams in three years.Which? analysed bank fraud statistics since 2017 and found the loss...
Encompass’ Wayne Johnson reacts as levy on financial institutions announced in 2020 UK Budget
A new levy on UK banks and other regulated financial institutions will “redress the balance” when it comes to the impact of financial crime on the wider community, according to Encompass CEO and co-founder, Wayne Johnson. In his first Budget, unveiled earlier today,...
AML in 2020: the Encompass view
Throughout our AML in 2020 series, so far, we’ve brought a range of expert analysis and opinion that’s focused on what you need to know about Anti-Money Laundering (AML) and regtech this year - and beyond.From RegTech Associates’ predictions putting the spotlight on...