connections
our blog covering the latest news and industry trends from the financial and professional service sectors
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...
Encompass shortlisted in Scotland IS Digital Technology Awards 2020
Encompass has been shortlisted in this year’s Scotland IS Digital Technology Awards. The awards highlight the innovation, expertise and ambition of businesses within the industry in Scotland, as well as celebrating the people behind them. With a panel of judges...
How neobanks can help introduce an efficient KYC programme to the financial industry
The banking revolution that we are seeing will result in substantial changes to many processes related to traditional banking - and some of them are already coming to fruition. Cheque usage, for instance, is, and has been, in decline in recent years. In the UK alone,...
Why the UK is an ideal base for Encompass as we continue to grow
Financial crime always creates victims, and governments continue to legislate to protect societies against perpetrators and the suffering they cause.Just as we reduce risks of criminal activity in physical environments, for example, by ensuring public streets are well...
Encompass podcast RegTech 2020 focuses on efficiency, transparency and respect
What do the terms efficiency, transparency and respect mean in RegTech? That’s what the latest episode of the RegTech 20:20 podcast, from Encompass, asks.As solutions disrupt different parts of the RegTech ecosystem, financial institutions have adapted, and varying...
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...
Fraud fears as FCA investigates over 150 COVID-19 related scams
The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.The data, obtained under the Freedom of Information (FOI) Act by the Parliament Street think tank’s cyber research...
Encompass shortlisted in Data Management Insight Awards 2020
Encompass has been shortlisted in the Data Management Insight Awards 2020.The awards recognise leading providers of data management solutions, services and consultancy to capital markets. With a strong calibre of entrants being whittled down to the final contenders,...
Intelligent process automation: pushing beyond the limits of robotic process automation
“As a RegTech with a reputation for partnering to deliver successful transformation projects, Encompass harnesses our unrivalled knowledge of the external data systems relied on in KYC with IPA to automate beyond the reach of RPA alone.”In this blog, our Senior...
How automation addresses KYC challenges
The growth in Anti-Money Laundering (AML) legislation and awareness has continued in recent years, with financial institutions having to comply with these regulatory requirements to avoid reputational damage, sanctions, and hefty penalties.Organisations must know...