Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has been named in FinTech Global’s RegTech100 2023 list.
Now in its sixth year, the RegTech100 list recognises the world’s most innovative technology solution providers offering products and services in the areas of compliance, risk management, information security and financial crime. Encompass was recognised for its “mission critical” financial crime impact, being specifically commended for its “standardised information gathering and audit trail in addition to comprehensive KYC suite, which gives piece of mind that policies are followed consistently.”
For more than a decade, Encompass has been transforming regulatory compliance and customer onboarding with KYC automation. With an unrivalled combination of advanced technology, data coverage and industry expertise, it helps clients to safely grow their businesses and fight financial crime. Ultimately, Encompass reduces the cost of KYC and improves time to revenue by providing KYC due diligence on demand, powered by intelligent process automation.
Also signalling increasing impact, earlier this year, Encompass was ranked in BusinessCloud’s RegTech 50 list, which celebrates the top 50 businesses creating original tech for regulation, risk management and fraud detection.
The company was also announced as the newest member to join the GLEIF Vendor Relationship Group, as well as being invited by the UK House of Commons Public Bill Committee to contribute written evidence in relation to the Economic Crime and Corporate Transparency Bill.
Wayne Johnson, CEO and co-founder of Encompass, comments:
“This has been a landmark year for Encompass, as we have boosted our team with senior hires, expanded globally, and continued to provide crucial support to banks by empowering their digital transformation initiatives, as well as supporting regulatory infrastructure.
“Against the background of the current economic climate, with organisations under increasing pressure to grow their customer portfolios, the need for automation has never been greater. By leveraging the power of Encompass, regulated firms can derive broader business benefits from their KYC activity to win business and reduce time to revenue, bringing long-lasting benefits.
“We are pleased to have been recognised by FinTech Global as one of the world’s top tech companies providing regulatory solutions. We expect 2023 to be an even bigger year for Encompass, with further growth, industry-leading innovation and partnerships on the horizon.”