Encompass Corporation RiskTech100 2024 Spotlight

This document is a report on Encompass Corporation's recognition as a winner in the RiskTech100 2024. Encompass is noted for its innovative digital Know Your Customer (KYC) profiles aimed at banks and financial services, addressing the challenges of financial crime and regulatory compliance. The report outlines the company's growth since its founding in 2011, emphasizing its mission to streamline KYC processes through automation. It details the operational efficiencies gained by using Encompass's platform, which significantly reduces the time required for KYC tasks. The report also discusses the challenges posed by a stringent regulatory environment and the complexities introduced by geopolitical events. Furthermore, it highlights Encompass's perpetual KYC (pKYC) model, which aims to enhance compliance through continuous monitoring and integration with various data sources. The document concludes with insights into Encompass's future ambitions, focusing on improving data quality and customer experience in KYC processes.