About encompass Artificial Intelligence company in United Kingdom, United Kingdom
encompass is the creator of Know Your Customer (KYC) automation software for the banking, finance, legal and accountancy sectors. With encompass, KYC checks and onboarding processes can be completed up to 13 times faster and with significantly lower cos
Through personal experience we know that access to the full picture can empower businesses to fight global financial crime. Following the successful exit of their big data visualisation company our founders Wayne Johnson and Roger Carson became investors themselves. One of those investments proved very costly when they became victims of financial crime. Frustratingly information on the parties involved that would have flagged this risk was available but inefficient manual processes meant it was overlooked. With the full picture Wayne and Roger would have walked away from the deal.
This experience led them to set up Encompass with the mission of enabling regulated firms to comprehensively detect and prevent financial crime and reduce regulatory risk.
Encompass intelligent process automation conducts live document and data collection analysis and integration from public and premium sources to bring transparency to complex corporate structures and ultimate beneficial ownership delivering the most accurate and complete KYC on demand.
The full picture of a customer significantly enhances the effectiveness and efficiency of subsequent KYC activities including screening and IDV – both of which can be carried out seamlessly in the Encompass platform if required.
Wayne co-founded Encompass in Sydney and took the Encompass product to market there in 2012. Since then as CEO he has led the international expansion of Encompass including the launch in the UK in 2015 and Singapore in 2018 and recognition as one of the UKs most influential RegTech firms.
Roger co-founded Encompass and has brought the companys vision to life expanding its reach and impact from Australia to the UK. His global outlook is informed by a highly successful international sales career with Andersen Consulting and then Unisys in the USA South Africa and Australia as well as leadership roles in Asia.
Encompass launches in Australia first to apply visual analytics to corporate property and person information.
Major deal signed with international risk management and information business SAI Global granting exclusive rights for Australian market.
Encompass launches in the UK. Connections established to major UK data sources to enable simultaneous real-time access.
First to automate Know Your Customer searching using intelligent process automation. £3.6M co-investment from SIB and Adcock PE group.
KYC automation products launched: Encompass Confirm for banking amp; finance and Encompass Verify for legal amp; accountancy.
Launch of Encompass Remediate allowing batch refresh and remediation through intelligent process automation of full client books.
Establishment of offices in Singapore to drive sales distribution and data partnerships across APAC region.
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