Encompass blog
industry news
The impact of 4AMLD on bank valuations: Deep dive into research findings
When new regulations are published, often, it is questioned whether they are truly effective and make a difference to those affected. While the regulations may serve the intended purpose, do they end up costing more than they are worth? Does the intended target of the...
UK FinTech review points to exciting possibilities, says Encompass’ Wayne Johnson
An independent review of UK FinTech offers great promise for the sector, as the UK aims to bolster its position as a global leader, according to Encompass’ CEO and co-founder, Wayne Johnson.The review, led by entrepreneur Ron Kalifa, has set out a plan for the nation...
Anti-Money Laundering Directives ‘increase valuation of European banks’, says research
A major research paper co-authored by Dr. Henry Balani, academic and Head of Delivery and Customer Success at Encompass, suggests that the Fourth Anti-Money Laundering Directive (4AMLD) has significantly increased the valuation of European banks.The research, which...
Trends in criminal behaviour throughout COVID-19 pandemic and business risk implications
Coronavirus has had an impact on almost everyone worldwide, and criminals are no exception. Some newspapers have reported that there has been as much as a 20% reduction in crime since the pandemic began, and it will perhaps come as no surprise that the reported number...
One in four companies have lost out on a major business deal due to law firm onboarding delays
25% of companies have lost out on a business deal as a result of their law firm’s slow onboarding process.This is according to new research from Encompass Corporation, the fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, which was...
The role of RegTech in dealing with fraudulent applications for Bounce Back Loan Scheme
The COVID-19 pandemic is still having a devastating impact on businesses and the economy in the UK, and access to funds, loans and financial schemes remains a top priority for business. In many cases, this kind of support is what has helped businesses to stay afloat...
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...