Encompass Corporation, the provider of the leading dynamic Know Your Customer (KYC) process automation platform, has been recognised as a winner of the Discover Perfect Pitch competition as part of Sibos 2023 – the leading financial services event.

Competing in the hotly contested Established Trendsetter category, Encompass was crowned category winner after its President, North America, Alex Ford presented a live pitch to a panel of industry experts. Taking to the stage in Toronto, Canada, she outlined Encompass’ game-changing solution, as well as answering questions from the judges. The panel included senior leaders from banks, venture capitalists and individuals at the forefront of product innovation.

Now in its fourth year, Discover Perfect Pitch gives FinTechs from around the world a unique opportunity to go head-to-head and showcase their products and services as they participate in one of three entry streams: Ambitious Adventurers, Community Pioneers or Established Trendsetters.

With this edition sponsored by MaRS, Plug and Play and RBC, the competition is known for celebrating the best that the sector has to offer. As an ‘established trendsetter’, Encompass was commended for what organisers have called “trailblazing” impact and success.

Sibos, being held in Toronto this week, is a renowned annual conference, exhibition and networking event organised by SWIFT for the financial services industry.

Wayne Johnson, CEO and co-founder at Encompass Corporation, commented:

“It is fantastic to win this accolade, connected to a competition with a strong pedigree, and be crowned the winner of a category full of organisations leading the way in providing critical innovation to the businesses we serve.

“This recognition underlines the power and potential of the Encompass platform and is a testament to our ever-increasing impact. We are proud this has been recognised by experts who truly understand and respect the value of the work we do.

“Encompass plays a key role in the fight against financial crime, with this award evidencing the importance of our commitment to improving the landscape and enabling banks and financial institutions to realise the benefits of trusting in technology-led processes.”