Automated KYC provider, Encompass Corporation has expanded into North America, with office headquarters based in New York.
The expansion will allow Encompass to strengthen the way it serves the needs of existing global clients with a presence in North America, as well as secure new clients and partnerships in the region, in a marked effort to become the undisputed lead platform for automated, corporate KYC due diligence worldwide.
Furthermore, continuing its focus on North America, the group has appointed Alex Ford President, North America, overseeing all aspects of the GTM, driving business growth and working with customers, partners and the Encompass team to transform KYC with automation in financial institutions and other regulated entities.
Alex Ford, President North America, commented: “Encompass is diving into the North American market following an extremely successful 24 months, defined by new hires, partnerships and boosted revenue – an incredible achievement given the challenges posed by the pandemic.
“We will use our new presence in the US to better serve our existing global customers who already have divisions or branches in North American territories, whilst simultaneously securing new clients and partnerships and strengthening our foothold in the market for automated KYC technology.”
He will be joined in the US will initially be six senior staff members before increasing to more than 10 by the end of 2021, and doubling again in 2022. This hiring initiative falls in line with Encompass’s commitment to growth, and the firm has already seen a sharp rise in global staff numbers and a significant expansion of the senior team over the last 12 months.
Wayne Johnson, CEO added on the growth: “The AML2020 Act has put an even greater focus on KYC in North America. Our rapid growth in the UK – known for rigorous KYC regulation, and a hub for RegTech has enabled us to develop a highly relevant technology solution and we want to expand to where there is a great need, with the evolving US market ripe for KYC automation.”