Encompass: Unveils pKYC maturity model to set benchmark for regulatory compliance

Encompass enables firms to deliver revenue faster, drive operational efficiency and demonstrate consistent compliance
Unveiled its pKYC maturity model, setting a new benchmark for regulatory compliance to support the fight against financial crime
The model, which has been devised by the pKYC Advisory Board – comprised representatives from leading global banks
The selected group of trusted data, technology, and consulting partners – is designed to place financial systems into a pKYC framework
pKYC is considered a “dream state” for many big players in the banking industry, using automation technology
The framework evaluates financial institutions on five core areas: Policy, People, Process, Data, and Technology