connections
our blog covering the latest news and industry trends from the financial and professional service sectors
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...
webinar recap: KYC and IDV – a new approach to support you in a new world
Ensuring your firm has robust Know Your Customer (KYC) and Identity Verification (IDV) tools in place has never been more important, as businesses and customers alike navigate the challenges of the new world we find ourselves in, where face-to-face interactions are...
CEO of The RegTech Association reflects on need to make smarter financial decisions during COVID-19 crisis
"We don’t just have a health crisis… we have a data or a digital crisis,” said Deborah Young, CEO of The RegTech Association, in a discussion about the ongoing need for regtech to facilitate smarter financial investments during the Covid-19 crisis.Deborah was speaking...
why the banking industry must prove its worth during the COVID-19 crisis
The global COVID-19 crisis has triggered the most disruptive period to British society in peacetime history. The impact on the public and our healthcare system has been devastating, and our economy is facing the prospect of a recession much deeper and more painful...