The rise of Fintech organisations has been very well documented, and has given consumers faster, more transparent, and cheaper financial services than ever before.

The International Standards Organisations (ISO) has identified that for the future, companies working in this sector will require a set of defined standards to work to. Working beside financial institutions, regulators and FinTech companies, the FinTech Technical Advisory Group will provide a platform for discussion and debate. The group will seek to work with regulators to define a common set of standards, address common issues with consistency and encourage communication between groups.

The group will be made up of Stephan Wolf, Co-Chair, CEO of the Global Legal Entity Identifier Foundation; Nick Cliff, Co-Chair Head of emerging technology, APCA; and PJ Di Giammarino, Secretary, CEO JWG-IT Group.

PJ Di Giammarino said:

“At this important juncture where public and private sectors realise the importance of common standards for business as well as regulation, I’m delighted to be able to support this global initiative of top experts.”

Read the full story in JWG:

New Global FinTech Group for Standardisation Launched

London, Frankfurt, Sydney - 9 March 2017: Technology-enabled innovation in banking, asset management and insurance means customers now enjoy faster, cheaper, more transparent financial services than ever before.

about encompass

Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, and operating from the UK, encompass is the creator of unique, innovative Know Your Customer (KYC) software for banking, finance, legal and accountancy that enable better, faster commercial decisions. The company is driven by the belief that the best decisions are made when people understand the full picture.

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