ENCOMPASS Corporation, the provider of the leading dynamic Know Your Customer (KYC) process automation platform, has been named on RegTech Analyst’s RegTech100 list for 2024, recognising its vital impact when it comes to transforming regulatory compliance with technology-first processes.
The annual RegTech100 list, which has now been running for seven consecutive years, calls out the world’s most innovative technology solution providers, offering products and services crossing areas including compliance, risk management, information security and financial crime.
With dynamic KYC automation from Encompass, its customers, including top global banks, benefit from streamlined KYC processes that boost business efficiency and customer experience. Crucially, through the creation of complete real-time digital KYC profiles, Encompass offers the deep customer insight needed to conduct effective KYC quickly and seamlessly, enabling institutions to meet evolving compliance requirements while providing the kind of journey demanded today.
Encompass’ placement on the list builds upon other global industry recognition, including triumphing at Sibos 2023 by winning the Established Trendsetter category of its hotly contested Discover Perfect Pitch competition. This comes as its game-changing solution also saw the business named among industry leaders on Chartis Research’s RiskTech100 list for the first time this year.
Wayne Johnson, CEO and co-founder of Encompass Corporation, commented:
“The evolving regulatory and economic landscape of the last few years has underlined the urgent need for banks and financial institutions to leverage the latest in technology solutions, and particularly KYC automation, to meet compliance obligations, ensure efficiency and improve customer experience in a way that positively impacts business growth.
“Banks continue to grapple with effectively and efficiently establishing the identity of entities while meeting these moving requirements, meaning trusting in real-time customer profiles, which facilitate streamlined onboarding processes, robust compliance and smooth customer journeys, is now simply a must.
“While it is fantastic to be recognised within such a prestigious global list, highlighting the potential of Encompass, there is so much more to come. As we look to 2024, we are ready to supercharge our offering to deliver truly transformative results for our customers.”