Cheri Burns posted a blog post
 
The need to demonstrate regulatory compliance is the one of the top reasons why businesses look to implement RegTech solutions, according to new research.
Encompass questioned global technology leaders across a range of sectors on the drivers for…
Jul 28
Cheri Burns posted a blog post
The ‘new normal’ for business sees professionals combine days working from home with days in an office. This change is giving new impetus, and importance, to digital transformation initiatives.







Characterised by tasks combining clerical and…
Jun 16
Cheri Burns posted a blog post
Client outreach is a term used by financial institutions, and other regulated entities, to describe requests to customers and prospective customers for information to be used in due diligence.




This can include the completion of questionnaires…
Apr 20
Cheri Burns posted a blog post
A major research paper co-authored by Dr. Henry Balani, academic and Head of Delivery and Customer Success at Encompass, suggests that the Fourth Anti-Money Laundering Directive (4AMLD) has significantly increased the valuation of European banks.The…
Mar 6
Cheri Burns posted a blog post
The Foreign Exchange (FX) sector is driven by the need to complete quick transactions, and there is an expectation for fast and seamless onboarding that allows the path to revenue to begin as soon as possible.
This is a booming industry, with around…
Feb 9
Cheri Burns posted a blog post
Coronavirus has had an impact on almost everyone worldwide, and criminals are no exception.




Some newspapers have reported that there has been as much as a 20% reduction in crime since the pandemic began, and it will perhaps come as no surprise…
Jan 20
Cheri Burns posted a blog post
As a result of the COVID-19 pandemic, digital transformation initiatives have risen to the top of the agenda for many global financial institutions.




With refined priorities and the impact of the pandemic still being felt, they are having to…
Dec 23, 2020
Cheri Burns posted a blog post
For banks, the ability to conduct due diligence quickly and effectively can be the difference between winning and losing valuable customers.With customer experience an increasingly important differentiator competition increases, a seamless digital…
Dec 5, 2020
Cheri Burns posted a blog post
With the purpose of developing better strategies to identify hidden risks and building better products, web data extraction can help to transform data into a structured format that can assist businesses in making key decisions in today’s…
Nov 20, 2020
Cheri Burns posted a blog post
With individuals and businesses alike increasingly relying on technology to power output and enable the smooth completion of tasks, its benefits are clearer today than ever.​Looking at intelligent process automation (IPA) particularly, this has…
Oct 31, 2020
Cheri Burns posted a blog post
Currently, 80% of Know Your Customer (KYC) processes are manual, with organisations spending an estimated $8bn a year performing these mandatory tasks. According to Capgemini, the average financial institution spends $58 million per year on client…
Oct 10, 2020
Cheri Burns posted a blog post
There is no doubt that the COVID-19 pandemic has had far-reaching implications across the financial services industry. With some institutions facing up to restructuring, and customer expectations evolving, the need to embrace digital transformation…
Sep 26, 2020
Cheri Burns posted a blog post
Almost three-quarters (73%) of businesses are more likely to select a bank that could perform all relevant regulatory checks digitally, according to official research from Encompass.The data, which was obtained via a survey of 200 senior business…
Sep 12, 2020
Cheri Burns posted a blog post
What do the terms efficiency, transparency and respect mean in RegTech? That’s what the latest episode of the RegTech 20:20 podcast, from Encompass, asks.As solutions disrupt different parts of the RegTech ecosystem, financial institutions have…
Sep 5, 2020
Cheri Burns posted a blog post
“As a RegTech with a reputation for partnering to deliver successful transformation projects, Encompass harnesses our unrivalled knowledge of the external data systems relied on in KYC with IPA to automate beyond the reach of RPA alone.”RPA:…
Aug 22, 2020
Cheri Burns posted a blog post
After more than a decade of increasing compliance costs, executive teams are pushing compliance functions to find cost savings so resources can be redirected to growth initiatives.However, the work of Know Your Customer (KYC) operations remains…
Aug 8, 2020
More…

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