Member Insight: Encompass secures investment from Beacon Equity Partners to power growth
Encompass secures investment from Beacon Equity Partners to power growth
Encompass Corporation, the leading RegTech provider of Know Your Customer (KYC) automation software, has secured new investment from Beacon Equity Partners, a Boston-based private equity group focused on companies that solve regulatory and compliance challenges. Beacon joined with existing investors in a broader capital round supporting Encompass’ growth in 2020
Encompass is the creator of KYC automation for financial and professional service firms globally. It is the only provider of simultaneous, real-time access to multiple sources of global company, registry and person data. By using robotic search to complete your KYC policy demands, encompass delivers more efficient processes and faster, safer regulatory compliance, resulting in lower costs and superior risk management. encompass’ products robotically search structured and unstructured information sources to automate your KYC, AML and EDD policies. Key elements including UBOs, PEPs, sanctions and adverse media are all identified, visualised and verified in seconds. Whether it’s one, or one thousand customers, enhanced risk assessment, monitoring and remediation can now be achieved at scale through the power of automation.