Writing in CIO Advisor, encompass CEO Wayne Johnson explains how RegTech solutions such as encompass can assist financial institutions in their KYC onboarding.
Within the article Johnson explains how the landscape for financial service firms has changed due to more rigorous reporting requirements and changes to legislation such as the 4th Anti-Money Laundering Directive.
Johnson goes on to explain how a solution such as encompass confirm can be of benefit to financial service organisations.
“We bring automation to AML and KYC processes with lower cost and superior risk management capabilities for financial, banking, accounting, and legal firms” explains Johnson.
Johnson further goes on to explain how encompass has developed a unique work culture by developing a unique working culture, with engaged employees from different backgrounds and cultures. encompass also work with a number of corporate partners that help to bring innovation and connectivity to encompass’ product offering.
“Eliminating money laundering is our worthwhile goal. We know cost to industry is significant, but we can do regulation cost-effectively” says Johnson.
Read the full story on page 27 of CIO Advisor.
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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