Encompass debuts on Chartis RiskTech100 with innovative KYC solution
Encompass Corporation has secured its debut listing in the Chartis RiskTech100, being named among those recognized for 2024. The recognition by Chartis is testament to the Encompass team in creating an innovative know your customer (KYC) automation platform.
The RiskTech100® is globally acknowledged as the go-to place for clear, accurate analysis of the risk technology marketplace. Furthermore, it is the most comprehensive independent study of the world’s major players in risk and compliance technology.
Additionally, this year’s report highlights the prevalent themes of change and choice in the evolving technology landscape. The report showcases the innovation and expertise of the leading companies driving advancements in the risk technology space.
Global growth amidst KYC challenges
Originally established in Sydney, Australia, Encompass has swiftly expanded globally. Office locations now include New York, London, Amsterdam, Sydney, Singapore, Glasgow, and Belgrade. This expansion is a strategic move to tackle challenges stemming from an intricate regulatory landscape.
Meeting these challenges head on, Encompass reduces regulatory risk by revolutionizing the KYC process with its dynamic KYC automation platform.
Innovative solutions recognized by Chartis RiskTech100
Chartis acknowledged Encompass’ strides in the past year, particularly in product development aligned with industry trends. With a focus on automation and operationalization, this innovation supports global banks in navigating the evolving KYC landscape.
Over the next 12 months, Encompass will continue to enhance its digital KYC profiles and data quality. Additionally, driving improved customer experiences. Wayne Johnson (CEO & co-founder, Encompass) emphasizes the company’s commitment to providing the full picture swiftly, empowering businesses to combat financial crime effectively, saying:
We are delighted to be included in the latest RiskTech100®. This is testament to our growing global impact and the work that we are doing to drive transformation in our industry. Indeed, we see the automation of KYC activities as core to global banks transforming to create competitive advantages in managing risk.
Furthermore, Encompass has established itself as a market leader, delivering critical innovation and remaining the preferred choice in for banks in 2024 and beyond.