RegTech 100 company encompass has expanded its team with the hire of Ed Lloyd, a veteran of the compliance technology industry.
The company, which provides robotically automated Know Your Customer (KYC) solutions, has appointed Lloyd to the position of executive vice president, global sales.
He joins encompass from Fonetic, where he led sales and pre-sales for the Surveillance Solutions business, and will lead the encompass direct sales organisation globally. Prior to Fonetic, Ed held executive positions at a number of high-growth companies in the KYC, compliance and regulatory space. He was previously global head of business development at Merlon Intellegence, vice president, head of sales at Opus, and senior director at Accuity.
“We are delighted to welcome Ed to the encompass executive team”, said Wayne Johnson, encompass co-founder and CEO. “Ed brings with him a deep understanding of the challenges our customers face in their efforts to comply with an increasingly stringent and complex regulatory landscape, and the critical role of disruptive technology in overcoming these.”
encompass robotically automates information and news discovery for Know Your Customer (KYC) requirements for onboarding, event-driven refresh and remediation. With encompass, firms can improve the quality of their KYC, and reduce the cost of KYC, and gain full control of KYC. It also claims to improve customer experience by reducing onboarding times ‘from up to four hours to just four minutes’.
Earlier this year, the company launched its operations in Hong Kong to support growth across East and South East Asia in response to increased demand.
The company recently formed a partnership with The Wanda Credit Service to strengthen its China coverage, and partnered with Nikkei Media Marketing to bring its KYC solution to Japan.
“encompass is now recognised as one of the leading KYC solutions in a market ripe for automation”, Ed Lloyd added. “I’m excited to join at a time of fast growth and to continue to expand our customer base across our global markets, helping regulated firms to reduce the burden of KYC and improve consistency and efficiency.”
Last year, ecompass was hand-picked by a panel of industry experts for the RegTech 100, a list of companies that every financial institution should know about in 2018. The RegTech 100 is part of the Global RegTech review – an essential, in-depth analysis of the global RegTech market.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
