encompass partners with The Wanda Credit Service to further strengthen China coverage

encompass partners with The Wanda Credit Service to further strengthen China coverage
18.05.2018 08:34 am

encompass partners with The Wanda Credit Service to further strengthen China coverage

Data

encompass, the only provider of simultaneous, real-time access to multiple sources of global company and person data, today announced a new partnership with The Wanda Credit Service, a subsidiary of Wanda Group (Wanda), a conglomerate of commercial management, culture, real estate and finance.

China’s position as a global financial superpower has led to the increased enforcement of financial crime laws. To protect themselves, regulated firms operating in the country, both local and international, must enhance the quality of their Know Your Customer (KYC) efforts. However, accessing the news and information needed to assess customer risk has traditionally been difficult in China. The new partnership between Wanda and encompass enables firms to easily verify consumer and business information based on Wanda’s registry, company and consumer data through the encompass platform.

According to encompass Managing Director, Paul Charmatz, “The key to robust and effective Know Your Customer is having access to the right data at the right point in the KYC process. encompass uses advanced technology to automate information and news discovery across all of the sources our customers require, and by integrating Wanda’s high-quality verification services on Chinese entities and individuals into our platform, we have significantly eased the regulatory burden for our customers.”

“Using technology to drive efficiency in regulatory compliance and customer onboarding is top of mind for our customers, and by integrating our data with the encompass automated KYC solution we can support this requirement for innovation,” commented, Jerry Ying, General Manager at The Wanda Credit Services.

Related News

SIX and Nasdaq Partner to Provide Greater Access to Market Data Using Microwave Technology

The Swiss Stock Exchange and the operator of Nasdaq´s Nordic exchanges have signed a partnership in the first quarter of 2020 to expand the current European microwave... Read more »

TIBCO Identified as a Leader in the 2020 Digital Business Platforms Report by Aragon Research

TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business... Read more »

BMLL selects EOSE to Bolster Distribution of their Derived Data Product

EOSE, provider of outsourced market data solutions, today announced that the firm has entered into an agreement with BMLL Technologies, the data engineering and analytics firm... Read more »

SIX partners with Crux Informatics to deliver core datasets in a cloud-based platform

SIX, the Swiss financial data expert, announces its partnership with Crux Informatics to provide a state-of-the-art managed market data solution which removes... Read more »

Spectra Helps Customers Modernise IT Architectures with StorCycle Software 3.0 and Enhancements to its Data Storage Portfolio

Spectra Logic, a leader in data storage and data management solutions, today announced that StorCycle, its new Storage... Read more »

Beyond.pl Data Center 2 is re-certified for Rated 4 Standard

Beyond.pl (www.beyond.pl), a leading data center operator based in Poznan, Poland,  has successfully been recertified as Rated 4 according... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel