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Encompass selected as Sibos 2023 Discover Perfect Pitch finalist

By Karen Rynes | Wed 13 September, 2023

Encompass is proud to be selected as a Sibos 2023 Discover Perfect Pitch finalist in the Established Trendsetter category.

Discover Perfect Pitch is a competition with a twist. It provides financial services technology companies, from around the globe, the opportunity to showcase their products and services to the Sibos community. Competing in three categories, entrants are evaluated by a panel of professionals selected from the financial industry. Judges include senior executives from banks, venture capitalists, futurists, and innovators.

As a finalist in the trendsetter stream, Encompass has been recognized for its scalable technology which has been developed over the last 10 years. Clients use Encompass to automate know your customer (KYC) processes to solve the problem of inefficient and costly manual processes.

The judges recognized how the dynamic KYC process automation platform simplifies complex and time-consuming tasks to deliver complete real-time digital KYC profiles. Additionally, highlights from the entry submission show how Encompass delivers:

  • 100% automation of the KYC search process
  • 80% improvement of onboarding times
  • Reduced time to revenue from 12 to 2 days to onboard new customers
  • From 5 to 2 times reduction in client outreach – a 60% reduction in most cases
  • 10x uplift in completeness
  • 20% improvement in quality
  • 5x increase in analyst productivity (up to 13 hours saved per analyst per case)
  • Almost 100% straight through processing (STP) integration into technology stack

Alex Ford (President North America, Encompass) will present to a panel of judges live at Sibos on September 20, 2023. Alex will showcase the power of Encompass’ dynamic KYC process automation platform and how the company is transforming KYC for some of the world’s largest banks and FIs.

 

 

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