A full and accurate picture of beneficial ownership is the foundation of effective KYC.
Manually building this picture from a plethora of documents and third party data sources, however, is a long, expensive and error-prone process.
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.
All information on a customer, along with supporting documents, is dynamically compiled into a comprehensive, digital KYC profile that Encompass can also monitor for ongoing regulatory risk.
Through personal experience, we know that access to the full picture can empower businesses to fight global financial crime. Prior to founding encompass, co-founders Wayne Johnson and Roger Carson, built and exited other technology companies and had become investors themselves. One of those investments proved very costly when they became victims of financial crime.
Frustratingly, information on the parties involved in the deal that would have flagged this risk was available, but inefficient, manual processes meant it was overlooked. With the full picture, they would have walked away from the deal.
This experience led Wayne and Roger to establish encompass with the mission of enabling regulated firms to comprehensively detect and prevent financial crime and reduce regulatory risk.
Wayne Johnson – Co Founder and CEO
Wayne co-founded encompass in Sydney and took the product to the Australian market in 2012. Since then, as CEO he has led the international expansion of the company, including the UK launch in 2015 and recognition as one of the UK’s most influential RegTech firms.
Roger Carson – Co-Founder & Global Financial Sales Director
Roger co-founded encompass and has brought the company’s 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.
Alex Ford – VP Operations
In a journey that has taken her from Sydney to Scotland, Alex has worked with encompass since the company was founded in 2012. Alex re-located to Glasgow in 2015 when encompass launched in the UK and played a key role in the establishment of the UK operation. As Vice President of Operations, Alex brings customer focus, strategic thinking and innovation to the business. In addition to overseeing the UK operation from the head office in Glasgow, she leads the marketing, customer success and product teams.
Graeme Buchanan – VP Product Development
As head of development and operations, Graeme is responsible for overseeing and implementing strategies for the end-to-end development of the encompass software and its progress to meet an evolving market’s needs. He was drawn to encompass by the company’s focus on innovation and the dynamic team creating innovative data visualisation solutions delivered as Software as a Service.
Ed Lloyd – Execuive Vice President – Global Head of Sales
Over the past decade, Ed has led sales and served as a member of the Executive Management Teams at a number of organisations in the Know Your Customer and Governance Risk & Compliance space. Ed managed the New Business Sales and Account Management teams covering EMEA and Asia Pacific for these firms, delivering new business sales growth and increasing the brands’ footprints in new logos and new geographies, that helped take two of them to successful sale, one to a FTSE 100 company, the other to Private Equity.
