In a new report by Business Insider, they explore what’s driving the trends in regtech innovation. The full report includes a case study showcasing Encompass Confirm.
Regtechs can prove more attractive than existing third-party solutions in certain areas, because their products are typically aimed at a specific industry and sector. They are also designed to solve a specific compliance business problem, rather than offer a generic compliance solution. Here are some examples where regtechs are already helping financial services firms solve real problems, with real solutions.
Read the full article:
THE REGTECH REPORT: Global regulatory requirements are creating a huge opportunity for regtech firms
Financial services companies are struggling to keep up with a mountain of new regulatory and reporting requirements - and it's only going to get worse. From the 2008 financial crisis through 2015, t he annual volume of regulatory publications, changes, and announcements increased a staggering 492%.
Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, and operating from the UK, Encompass Corporation is the creator of unique, innovative 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.
Contact us today to arrange your personalised demonstration of Encompass. Discover how our KYC automation software can help your business accelerate onboarding and give you peace of mind that you are regulator ready.