Six benefits of corporate digital identity (CDI) for better KYC onboarding
The Encompass Regtech Blog
by Clare Puplett
1w ago
Know Your Customer (KYC) procedures stand as a cornerstone for establishing trust and compliance within the banking sector. Yet, traditional KYC processes pose significant challenges, from manual data collection to prolonged onboarding times. Enter corporate digital identity (CDI) – a game-changer in KYC onboarding. By standardizing identity verification of their corporate clients, corporate, investment and […] The post Six benefits of corporate digital identity (CDI) for better KYC onboarding appeared first on Encompass Corporation ..read more
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Corporate digital identity: The future of customer centric banking
The Encompass Regtech Blog
by Alex Ford
3w ago
Our recent webinar explored Corporate Digital Identity (CDI). Together with its potential to revolutionize client experience and cost models for the corporate, commercial and investment banking industry. The following blog highlights the key topics of discussion. Panelists: Alex Ford: President, North America, Encompass Corporation Ivar Lammers: Global Head of Financial Crime, Wholesale Banking, ING Alan […] The post Corporate digital identity: The future of customer centric banking appeared first on Encompass Corporation ..read more
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Reducing white noise through strategic automation
The Encompass Regtech Blog
by Howard Wimpory
1M ago
As banks look to digital transformation, the key lies in recognizing that not all existing manual processes should be automated. Instead, it is an opportunity to orchestrate a strategic approach that allows for a redesign of the entire process. In this blog, we explore the art of reducing ‘white noise’. Particularly honing in on the […] The post Reducing white noise through strategic automation appeared first on Encompass Corporation ..read more
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Empowering equality: Fostering inclusion for women in the workplace
The Encompass Regtech Blog
by Clare Puplett
1M ago
As we approach International Women’s Day, the spotlight is once again on the critical importance of parity in the workplace. The journey towards achieving gender equality has made significant strides. But continued effort is required to ensure that every woman has equal opportunities for success and fulfillment professionally. This blog explores the significance of workplace […] The post Empowering equality: Fostering inclusion for women in the workplace appeared first on Encompass Corporation ..read more
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In the spotlight: Loes Bomans unveils the future of KYC
The Encompass Regtech Blog
by Clare Puplett
1M ago
In this blog we meet Loes Bomans. We discover more about her career and views on unveiling the future of Know Your Customer (KYC) with digitization. Career pathway Loes embarked on her career in 2014, as a retail banking trainee at ING after completing her MSc in Strategic Management. During her years at ING, she […] The post In the spotlight: Loes Bomans unveils the future of KYC appeared first on Encompass Corporation ..read more
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The evolution of corporate digital identity in banking
The Encompass Regtech Blog
by Alex Ford
2M ago
In financial services, digital identity has proven transformative, particularly in retail banking. However, when it comes to business entities, corporate, commercial and investment banks face greater challenges. There are vast amounts of disparate information required to establish identities and meet regulatory requirements. The solution lies in embracing Corporate Digital Identity (CDI). CDI takes a holistic […] The post The evolution of corporate digital identity in banking appeared first on Encompass Corporation ..read more
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Bank executives share their perspectives on KYC transformation
The Encompass Regtech Blog
by Karen Rynes
2M ago
Encompass Corporation and Ernst & Young LLP (EY US) hosted an executive roundtable to discuss Know Your Customer (KYC) transformation. Held in New York City, senior executives from the largest banks were invited to share their perspectives on KYC transformation, their challenges, and opportunities for automation. The session was held under the Chatham House Rule […] The post Bank executives share their perspectives on KYC transformation appeared first on Encompass Corporation ..read more
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Encompass acquires CoorpID and Blacksmith KYC from ING
The Encompass Regtech Blog
by Chris J. Arthur-Collins
3M ago
The post Encompass acquires CoorpID and Blacksmith KYC from ING appeared first on Encompass Corporation ..read more
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The future of KYC in 2024
The Encompass Regtech Blog
by Alex Ford
3M ago
The landscape of know your customer (KYC) is undergoing dynamic transformation, but what about the future of KYC in 2024? Continued transformation will be shaped by technological innovations, regulatory shifts, and an unwavering commitment to enhancing customer experiences. In this blog, we delve into the anticipated trends that will define KYC practices in the coming […] The post The future of KYC in 2024 appeared first on Encompass Corporation ..read more
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Dr. Henry Balani: End of year AML regulatory review
The Encompass Regtech Blog
by Dr Henry Balani
4M ago
The second half of 2023 was a busy period for regulators globally, given the ongoing geo-political challenges. Dr. Henry Balani shares his end of year anti-money laundering (AML) regulatory review as 2023 draws to a close. Geopolitical challenges require KYC agility Recent Russian, Ukrainian and Middle Eastern conflicts have emphasized the need for banks to […] The post Dr. Henry Balani: End of year AML regulatory review appeared first on Encompass Corporation ..read more
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