Breaking News: Encompass Corporation Emerges Victorious at Sibos 2023 in Discover Perfect Pitch Competition

Revolutionizing the Financial Services Industry with Game-Changing KYC Automation

2 mins read

Key Takeaways:

  • Encompass Corporation, a dynamic Know Your Customer (KYC) process automation platform provider, secures victory in the Discover Perfect Pitch competition at Sibos 2023.
  • Competing in the Established Trendsetter category, Encompass impressed industry experts with its innovative KYC solution.
  • Encompass’ success highlights the growing importance of technology-led processes in the fight against financial crime.

London, 21st September: Encompass Corporation, a trailblazer in Know Your Customer (KYC) process automation, has been celebrated as the winner of the prestigious Discover Perfect Pitch competition at Sibos 2023, a premier event in the financial services industry.

Competing in the highly competitive Established Trendsetter category, Encompass emerged victorious after its President, North America, Alex Ford, delivered a compelling live pitch to a panel of industry experts. The event took place in Toronto, Canada, where Ford showcased Encompass’ groundbreaking KYC solution and answered questions from the panel, comprising senior leaders from banks, venture capitalists, and product innovation pioneers.

Now in its fourth year, Discover Perfect Pitch provides FinTechs from across the globe with a unique opportunity to present their products and services to a global audience. Participants choose from three entry streams: Ambitious Adventurers, Community Pioneers, or Established Trendsetters. This year’s edition was sponsored by MaRS, Plug and Play, and RBC, reinforcing its reputation for recognizing excellence within the sector.

Sibos is an esteemed annual conference, exhibition, and networking event organized by SWIFT, a vital event for the global financial services industry. This year’s event is being held in Toronto.

Wayne Johnson, CEO and co-founder at Encompass Corporation, expressed his delight at winning this prestigious award, saying, “It is fantastic to win this accolade, connected to a competition with a strong pedigree, and be crowned the winner of a category full of organizations leading the way in providing critical innovation to the businesses we serve. This recognition underlines the power and potential of the Encompass platform and is testament to our ever-increasing impact.”

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Encompass Corporation: Revolutionizing KYC with Automation

Encompass Corporation is at the forefront of KYC automation, enabling companies to accelerate revenue generation, enhance operational efficiency, and maintain consistent compliance. Their award-winning platform, coupled with extensive data connections and industry expertise, empowers clients to create and maintain real-time digital risk profiles of their business partners.

Encompass serves leading global banks and financial institutions, including members of the Wolfsberg Group. The company has strategic alliances with trusted data, technology, and consulting partners, ensuring seamless integration of Encompass into existing workflows and systems.

Advancing the Fight Against Financial Crime

Encompass’ success in the Discover Perfect Pitch competition highlights the pivotal role of technology-led processes in combating financial crime. By automating KYC procedures, Encompass not only enhances efficiency but also contributes significantly to ensuring the integrity of financial transactions and protecting businesses from potential risks.

The financial services industry is evolving rapidly, and Encompass Corporation is leading the way with its innovative solutions that redefine KYC processes. As they continue to make strides in the sector, Encompass is set to play a vital role in the ongoing fight against financial crime.

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