Encompass blog
industry news
Scottish Technology Ecosystem Review can help sector grow and deliver, says FinTech Scotland Chief Executive
The time is now when it comes to building on the progress made within Scotland’s technology sector, according to FinTech Scotland Chief Executive Stephen Ingledew.It has been in the spotlight since the publication of the Scottish Technology Ecosystem Review, carried...
Nearly three-quarters of businesses are more likely to join a bank with a fully digital onboarding process
Almost three-quarters (73%) of businesses are more likely to select a bank that could perform all relevant regulatory checks digitally, according to official research from Encompass.The data, which was obtained via a survey of 200 senior business decision-makers in...
Why the UK Finance Mortgage Lenders’ Handbook is causing confusion for law firms
The digitalisation of key services in business has been expansive, to say the least. Every year there is a new emerging trend, a new ‘hot word’ or key term, and a new promise from technology vendors that these trends will change the way processes are run. And for the...
41% of businesses plan to scrap banking provider due to slow support during COVID-19
Four in 10 businesses are planning to change their banking provider due to the slow support that has been offered during the COVID-19 outbreak.This is according to official research commissioned by Encompass, the Know You Customer (KYC) RegTech software provider,...
Technology is key as COVID-19 places ‘unprecedented challenges’ on banks
Banks must look to technology now in order to manage the wide-ranging ramifications of the Coronavirus pandemic, according to Encompass’ CEO and co-founder, Wayne Johnson.His comments come after the European Banking Authority (EBA) released a report detailing the...
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...
Encompass’ Wayne Johnson welcomes UK government support pledge for innovative firms hit by Coronavirus
Encompass’ CEO and co-founder Wayne Johnson has welcomed the news that businesses driving innovation and development will be supported through the Coronavirus pandemic with a £1.25 billion package from the UK government.The purpose of the financial support is to...