Insolvency experts, Ideal Corporate Solutions (ICS) has selected Encompass to support and enhance their Know Your Customer (KYC) compliance processes.
Based in the north-west of England, ICS provide advice and support to accountants and professional advisers to support clients with struggling businesses.
The only provider of simultaneous, real-time access to multiple sources of global company and person data, encompass is the creator of KYC automation for major global financial and professional service firms.
Andrew Rosler, Managing Director at ICS said:
“With ever growing complexity in regulatory requirements and legislation, it became imperative for us to have a solution like encompass verify that would allow us to meet the demands of changing regulations, and to know all we could about our customers.
By automating the process, our team will have more time and resource to investigate complex cases, and we’re excited about the opportunities Encompass will offer us.”
Wayne Johnson, CEO and Co-Founder, Encompass said:
“The changing regulatory requirements mean that today’s firms must understand all they can about their clients and partners; and encompass verify allows them to do that. We very much look forward to working with Ideal Corporate Solutions moving forward, and understanding how our software will assist them with the changing needs of their business.”