The full picture: June edition
Infographic
Explore the journey from manual KYC to CDI and the benefits on offer.
Blog
For banks contemplating the development of an in-house know your customer (KYC) solution, numerous difficulties loom on the horizon.
In this blog we explore the challenges of building KYC in-house and why opting for a third-party solution can offer a smoother path forward.
Blog
At Encompass, we are proud to recognize and celebrate this significant month, reaffirming our commitment to diversity, inclusion, and equality.
In our blog, as we investigate the history of Pride Month, reflect on its importance, and how our values align with the spirit of this vibrant celebration.
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Whitepaper?
CDI emerges as a vital tool for banks to authenticate corporate entities efficiently and securely.
Read our whitepaper as we explore the connection between digital transformation and regulatory compliance, focusing on the emergence of CDI as a game-changer in authentication and fraud prevention.
In the media
Regulatory update
National elections are heating up across the world, with India having recently completed its elections. The EU completed its elections for the European Parliament in early June and upcoming elections in the UK (4th July) and the USA (2nd Nov). France also called a snap election end of June and early July.
Regulations are typically driven by policy set by governments on behalf of it's citizens. As such, we can see shifts in regulatory priorities based on election outcomes. While a generalisation, liberal governments favour more stringent AML regulations while conservative governments tend to be more 'light touch'. The changes in policy will of course vary widely depending on the ruling government makeup. Technology innovations also factor into financial crime regulations, with the advent of generative AI closely monitored by Regulators. Anticipate upcoming changes to regulations this year and next.
More discussion can be found in the Encompass blog article here.