Encompass Corporation gains international standard for Information Security Management

13 June 2017

Leading Powerlist RegTech company, Encompass Corporation, has gained ISO/IEC 27001 - 2013 certification.

ISO/IEC 27001 - 2013 is the de facto international standard for information security management and formally recognises that a company has an information management security system that is under explicit management control.

Encompass Corporation works with some of the world’s largest data providers and gaining the ISO/IEC 27001 - 2013 certification demonstrates its commitment to information security management, comparable with the requirement of its business partners.

Wayne Johnson, CEO and Co-Founder at Encompass said: “We design technology that combats terrorism through money laundering and our clients are large financial, legal and accounting businesses who handle vast amounts of sensitive data; similarly, our business partners are global data providers. Having ISO/IEC 27001 - 2013 proves that we are committed to the same level of data security as our business partners and customers.  It is also invaluable for monitoring, reviewing, maintaining and improving our information security management system.  This sends a clear message to our customers and business partners, boosting their confidence in the way we interact with their business.”

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.

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