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How Encompass maximises banks’ efficiency by standardising processes
As a result of the COVID-19 pandemic, digital transformation initiatives have risen to the top of the agenda for many global financial institutions.With refined priorities and the impact of the pandemic still being felt, they are having to maximise efficiency and...
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,...
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...
Why Encompass works for Irwin Mitchell
What are the key benefits of RegTech solutions to compliance specialists adjusting to a new way of working? We spoke to the team at UK-based law firm Irwin Mitchell to find out.Here, they tell us how things have changed in the business in recent months, and how...
How Encompass has transformed Mainspring’s onboarding processes
"Being able to run multiple online Identification and Verification (ID&V) and Anti-Money Laundering (AML) screening checks quickly and efficiently has been a real plus for us, and has meant we can continue to offer a great service to our clients."That’s the...
The value of automation to a bank’s CRO and risk function
After more than a decade of increasing compliance costs, executive teams are pushing compliance functions to find cost savings so resources can be redirected to growth initiatives. However, the work of Know Your Customer (KYC) operations remains challenging, with...
How banks can benefit from automation post-COVID 19
The COVID-19 pandemic continues to create uncertainty, with many banks under increased pressure and feeling the impact across various areas of their business. As the broader economy shifts from “respond” to “recover”, the opportunity to adapt and change approach is...