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Encompass Corporation in the News: Fintech Firm Swaps Bondi for Broomielaw

Encompass’s search for excellence brought it half-way round the world to Glasgow. It perhaps wouldn’t be the most obvious switch, but BIIA member Encompass have made the move from Sydney, Australia, to Glasgow, Scotland. One of the principle reasons for the move has been the support and assistance offered to encompass by Scotland’s Economic Development International. It is two years since ... Read More »

Encompass Corporation Integrates with FactSet to Offer Global Know Your Customer Capability

Encompass Corporation, creator of Know Your Customer (KYC) software for banking, finance, legal and accountancy, announced that it is teaming with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services. The combination of FactSet’s data solutions and Encompass for KYC purposes enables truly global coverage for KYC and beneficial ownership checks. FactSet’s Data Management Solutions (DMS) ... Read More »

Did Dodd–Frank Wall Street Reform and Consumer Protection Act Kill Financial Inclusion?

Banking and Blockchain: Why We Need an AML/KYC Safe Harbor Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an Overstock subsidiary focused on the advancement of blockchain technology. In this opinion piece, Hopkins discusses issues with the global AML and KYC requirements placed on banks, concluding that, while this is encouraging blockchain innovation, more legal clarity is ... Read More »

BIIA Member CTOS and LexisNexis Risk Solutions join forces to create a safer business environment

CTOS will offer its customers a powerful tool based on LexisNexis Bridger Insight XG platform Enables companies to verify efficiently and screen their customers under KYC requirements (From left) LexisNexis Risk Solutions marketing manager Joy Lee; LexisNexis Risk Solutions International Market Development director David Haynes; CTOS Data Systems CEO Eric Chin and CTOS Holdings group CEO Dennis Martin LEXISNEXIS Risk ... Read More »

India’s RBI Working on New Standards Limiting Customer Liability in Digital Frauds

RBI Deputy Governor SS Mundra came down heavily on banks for charging customers exorbitant and high service charges including for minimum balance maintenance, mis-selling of third party insurance products, etc. There is a relief in the offing for banking customers who face frauds through unauthorized online transactions. The Reserve Bank of India (RBI) will soon list out norms limiting liabilities ... Read More »

OneSource Virtual and Equifax Partner to Provide Workforce Management Solutions

OneSource Virtual, a leading Business Process as a Service (BPaaS) and professional services provider and Equifax Workforce Solutions, a leader in human resource compliance, analytics and verification services, and a business unit of Equifax Inc. (NYSE:EFX), announced a partnership to deliver workforce management solutions to organizations. The partnership combines the expertise of OneSource Virtual in delivering innovative outsourcing services with the trusted ... Read More »

kompany.com Gets Financial Lift to Accelerate Growth

Hermann Hauser’s I.E.C.T. Capital Partners, Stefan Schneider and other financial investors place a seven-digit investment in kompany.com, the leading Regulatory Technology (RegTech) provider of authoritative Global Company Intelligence for Know Your Customer (KYC) & Anti Money Laundering (AML) processes. The investment will be used to expand the global footprint to cover 150 million companies worldwide and to develop new leading ... Read More »

Personal Liability Looms: Who is Going to Take Risk or Being a CEO or CFO?

More Financial Executives Forego Business Decisions as Personal Liability Seems More Likely, Thomson Reuters Culture and Conduct Risk 2017 Survey Finds Concern by financial executives about the risks of personal liability appears to be affecting the strategic business decisions they make, according to a global survey of compliance and risk practitioners at financial firms. For the first time, Thomson Reuters ... Read More »

Thomson Reuters KYC Managed Services for Africa

Standard Chartered Bank will become fourth bank to join regional partnership which accelerates on-boarding for customers and provides robust, stable due diligence processes Standard Chartered Bank announced its intent to join Thomson Reuters Org ID regional managed service solution for Know Your Customer (KYC) due diligence in South Africa. Standard Chartered Bank has made the decision to join the African ... Read More »

Encompass Corporation Integrates with FactSet to Offer Global Know Your Customer Capability

Encompass Corporation, creator of Know Your Customer (KYC) software for banking, finance, legal and accountancy, today announced that it is teaming with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services. The combination of FactSet’s data solutions and Encompass for KYC purposes enables truly global coverage for KYC and beneficial ownership checks. FactSet’s Data Management Solutions ... Read More »

Bloomberg Law Introduces New Corporate Practice Center Featuring Compliance, Governance and Legal Operations

Practice Center Offers Extensive Content Developed By Corporate Counsel Community Bloomberg Law today announced the launch of its new Corporate Practice Center, which features a significant expansion in content developed exclusively for corporate counsel.  It integrates practical guidance, expert analysis, commentary, news, primary sources and practice tools on issues of vital importance given the unique role of lawyers in corporations.  ... Read More »

Thomson Reuters Q1 Revenues Up 2% (BFX), Operating Profit Up 43%

Thomson Reuters (TSX /NYSE: TRI) reported revenues were up 1%, compared to down 1% in the prior-year period. Before currency, revenues were up 2%, compared to up 1% in the prior-year period. Operating profit increased 43%, from $310 million to $444 million.  Adjusted EBITDA increased 17%, with the margin increasing 430 basis points to 31.1%.  Diluted earnings per share (EPS) ... Read More »

B20 Policy Recommendations: Shaping an Interconnected World

On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies. Developed under the theme “Building Resilience – Improving Sustainability – Assuming ... Read More »

Creditreform Compliance Services Establishes New Data Protection Hub

New data protection hub of Creditreform Compliance Services GmbH online! Many companies are currently faced with the challenge of examining which new legislation is relevant in the EU Basic Data Protection Regulation. The fines have risen drastically and ensure that data protection is at the top of the list of priorities.  For this purpose Creditreform Compliance Services GmbH has developed a ... Read More »

Encompass Corporation Partners with ComplyAdvantage

 Artificial intelligence to combat money laundering Combining Artificial Intelligence and traditional data sources will be key to combatting money laundering says Encompass Corporation and ComplyAdvantage who have today announced their partnership during Innovate Finance’s Global Summit 2017 being held at Livery Hall in London. Encompass Corporation is the creator of unique KYC policy automation software, purpose built for onboarding corporate ... Read More »

Compliance professionals in the UK face huge regulatory shifts & customer onboarding delays amidst growing global uncertainty

Dun & Bradstreet has launched its customer due diligence study, shedding a light on the UK’s financial sector which continues to grow but faces huge challenges in dealing with the regulatory risk that the current business environment presents. Compliance professionals are becoming further stretched by the continued impact of Brexit and regulatory changes that Donald Trump’s government will introduce, and ... Read More »