Source: Fintech Futures
The UK-founded regtech, which specialises in helping banks onboard large corporate clients, says its latest purchases seek to solve the “critical challenge of identification and verification” in the field of corporate KYC.
Encompass says its acquisition of the platform will allow it to “build a complete KYC profile” and a “full corporate digital identity (CDI)” that combines authoritative public and private sources of information, and eliminates unnecessary outreach.
Wayne Johnson, co-founder and CEO of Encompass, describes the combined technology and market expertise of the two acquired companies as “the perfect match”, and that it marks “a huge step forward in bringing our vision, which will transform KYC, to life”.
Adding to this, Ivar Lammers, global head of financial crime wholesale banking at ING, says that he expects the acquisitions to generate “smart, tailored offerings that address the needs and challenges of our clients and industry”.
Read full article: https://www.fintechfutures.com/2024/01/encompass-corporation-snaps-up-coorpid-and-blacksmith-kyc-from-ing/
