providing real-time data access to better know your customer (KYC)
Wayne Johnson, CEO and Co-Founder of encompass, recently spoke to journalists from Disruptor Daily magazine. Founded in 2016, Disruptor Daily features all the news on technological innovations that are disrupting major industries, including finance, real estate and agriculture.
encompass fully automates the process of gathering and analysing company information, risk data and adverse news relied on for effective KYC; condensing hours of manual work into minutes, and eradicating the potential for human error.
With the disruptive nature of the encompass platform, we were deemed to be a good fit to be featured in Disruptor Daily.
During the course of the interview, Johnson explained the history of encompass (“encompass was founded after we were defrauded in a property investment”) and goes on to explain how encompass solves the specific problems of challenges within Know Your Customer (KYC) checks.
Johnson was then asked about both his predictions for the future of finance, and what the top technologies within finance were. He cited several for each, including explaining how financial institutions will “first look to automate repetitive processes that require low levels of skill, such as the KYC information gathering process. Robotic process automation (RPA) and artificial intelligence (AI) are already changing the face of compliance in this respect.”
Read more on the Disruptor Daily website:
This post is part of our new Future of Finance series which interviews the leading founders and executives who are on the front lines of the industry to get a better understanding of what problems the industry is facing, what trends are taking place, and what the future looks like.
Founded in 2012 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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