Encompass Corporation

🌍 AML regulations: Challenges for 2025 2024 brought significant AML advancements globally - from U.S. Beneficial Ownership reforms to the UK’s Economic Crime Plan and the EU’s new AML Authority. As we enter 2025, the focus shifts to implementation, refinement, and addressing emerging threats. 💡 Challenges ahead - AI regulation and data standardization in AML processes. - Effective beneficial ownership implementation. - Harmonizing global standards to reduce fragmentation. 🔗 Explore how banks can adapt to these changes using technology and automation in our blog from Dr Henry Balani. #AML #FinancialCrime #Compliance #BankingInnovation https://bit.ly/3ZX5ijL

Manual KYC methods are not just inefficient—they’re costing the industry over $20 billion annually in hidden expenses. Enter Corporate Digital Identity (CDI): 📊 Real-time integration of public and private data for accurate customer profiles. ⏱ Saves up to 32% end-to-end processing time, streamlining onboarding and compliance. 🌍 Supports Perpetual KYC (pKYC) for continuous monitoring and real-time updates. Read more from Alex Ford: https://bit.ly/403IUGD #CDI #KYC #innovation

#ICYMI… Major update for UK banking! 🚨 FMSB has just released its Standard for Client Onboarding – a game-changing move for the industry, and one that Encompass fully supports. The Bank of England’s Post-Trade Taskforce has already flagged the inefficiencies in onboarding and stressed the urgent need for a unified approach to propel UK financial services forward. This new standard is a crucial step towards improving operational efficiency, ensuring compliance with UK Money Laundering Regulations, and dramatically improving the client experience. The future of client onboarding is here, and as an active member of FMSB, we're excited to add our voice to the conversation. Dr Henry Balani #ClientOnboarding #CDI #FMSB #KYC #Compliance #FinTech #RegTech #DigitalTransformation #AML

As the year comes to a close, we want to take a moment to thank our clients, partners, and friends for an incredible year of collaboration, innovation, and success. Wishing you all a joyful holiday season filled with peace, happiness, and time with those who matter most. Here’s to a bright and prosperous 2025! 🎉 Happy Holidays from all of us at Encompass!

🚀 The third article in the series by Chartis and Encompass, helps banks navigate the challenges of undertaking a CDI transformation and put together a robust and compelling case for change. We discuss 👇 🔹Making change a reality 🔹Assessing and communicating the benefits 🔹Understanding the pain points and opportunities 🔹Measuring the potential impact: the ROI discussions 🔹Building a business case #CorporateDigitalIdentity #CDI #Transformation #Banking

✨ We’re thrilled to announce that Encompass has been named a #RegTech100 company for 2025! ✨ This recognition highlights our innovative Corporate Digital Identity (CDI) solution that helps financial institutions cut the end-to-end onboarding time for corporate clients up to 32%, reducing costs and streamlining the entire KYC process. At Encompass, we’re committed to transforming regulatory compliance and empowering businesses to work smarter, not harder. 🚀 Explore the list here: https://bit.ly/3DgmMjE #FintechGlobal #Innovation #CDI

🚀 The second article in the series by Chartis and Encompass, explores how automated corporate digital identity (CDI) can help address the challenges of corporate client onboarding. We dive into 👇 🔹The benefits of CDI 🔹Targeting the core pain points 🔹Positive impacts to both the bank and the client 🔹Operational time savings of up to 32% across the end-to-end process #CorporateDigitalIdentity #CDI #ClientOnboarding #Banking

💡Wondering how much your bank could save with Corporate Digital Identity in the first year? Gain actionable insights into the efficiency gains and cost savings your bank can achieve by revolutionizing your KYC process. Explore the full potential with our ROI calculator! 📊 🔗 Get started today https://bit.ly/3VDaaJy #KYC #CorporateOnboarding #KYCROI #CDI #FinTech

🚀 This is the first of three articles by Chartis and Encompass that examine the challenges that banks face around client onboarding and how they can address these challenges. We explore 👇 🔹 The scale of the problem 🔹 Dealing with bottlenecks 🔹 Duplication of data and processes #ClientOnboarding #Banking #Data

🚨 Webinar Alert! 🚨 Alex Ford, Encompass CRO and President-North America, joins the panel on December 11th (4pm GMT) for an inspiring conversation on the power of male allyship and fostering stronger collaboration between men and women in the workplace. https://lnkd.in/eA-8M-TR Let’s work together to build a more inclusive and equitable world! 🌎 #SheCanCodeEvents #MaleAllies #WomenInTech