Compliance: the new decade
We were pleased to be asked by The International Compliance Association (ICA) and ITN Productions to feature in a mini-series of news-style programmes shining a light on technology and compliance.
Compliance: the new decade has been produced to raise awareness and understanding of the issues that affect compliance professionals. The first programme, which features Encompass, explores the technology, particularly AI, RegTech and FinTech, which is allowing compliance professionals to future-proof themselves and expand risk horizons in a rapidly changing environment.
In this video, our co-founders, Wayne Johnson and Roger Carson, share the story of Encompass, alongside former Chief Risk Officer and industry advisor, Stephen Allen, who discusses the benefits of RegTech to banks.
Manually building this picture from a plethora of documents and third party data sources, however, is a long, expensive and error-prone process.
Encompass’ intelligent process automation conducts live document and data collection, analysis and integration from public and premium sources to bring transparency to complex corporate structures and ultimate beneficial ownership, delivering the most accurate and complete KYC on demand.
The full picture of a customer significantly enhances the effectiveness and efficiency of subsequent KYC activities including screening and IDV - both of which can be carried out seamlessly in the Encompass platform if required.
All information on a customer, along with supporting documents, is dynamically compiled into a comprehensive, digital KYC profile that Encompass can also monitor for ongoing regulatory risk.
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