Glasgow based Encompass Corporation has been selected to attend the Department of International Trade’s (DIT) first RegTech mission to New York.
This mission offers British businesses the opportunity to explore the US market and NYC's financial services industry. Taking place from 24-28 April the event will include five days of workshops, networking events and 1:1 meetings where UK companies can learn best practices about US expansion strategy and business development as well as network with top-level industry executives.
A leading RegTech company, Encompass Corporation provides next generation KYC software for banking, finance, legal and accountancy.
Encompass is one of 16 leading RegTech firms selected to take part in the mission and the only Scottish firm. They will also pitch at an event during NYC FinTech week and have a booth at the Empire Startups Conference.
Francesca Lorenzini, based in DIT’s British Consulate office in New York congratulated Encompass saying “we’re delighted to welcome Encompass to the mission, they are among a group of RegTech firms leading the way in the U.K. and on an exciting trajectory toward the US market which we hope this engagement will support.”
Roger Carson, Co-Founder and Global Financial Sales Director, Encompass Corporation said: "This mission will be of enormous benefit to our businesses as we look expand globally, and into the North American market in particular. We're also delighted to have the opportunity to showcase the exciting developments in RegTech that are happening here in Scotland."
Sharon Hamilton, Head of Financial & Business Services, Scottish Development International said "This is a fantastic opportunity for Encompass to showcase RegTech in Scotland to the world's largest digital economy."
A leading RegTech company, Encompass Corporation develops technology to automate Know Your Customer (KYC) policies and ensure adherence to Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) regulations in financial, legal and accounting businesses.
With Encompass’ market leading technology, KYC checks and onboarding processes can be completed more than 10 times faster and with far lower costs and error rates than manual processes through the use of web based technology, providing a full audit trail and removing the risk of human oversight.
Founded in Australia in 2012, Encompass launched in the UK in 2015 and now employs more than 50 staff, including more than 30 staff in the UK. It uses real time data from 12 information providers including Experian, C6i, BvD, Thomson Reuters World-Check and Companies House. Encompass serves more than 200 firms who rely on its products to automate and manage AML/CTF risk and compliance while enabling growth through informed and timely business decisions.