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

Validis Adds 5 Connectors to Growing Family of Financial APIs

Validis, a pioneer of financial data sharing and standardization technology, today announced the release of Sage 100 MAS90,... Read more »

TrustArc named winner in the 15th Annual Info Security PG's 2019 Global Excellence Awards

TrustArc, the leading data privacy management company, today announced that Info Security Products Guide, the industry's... Read more »

Farmers and Merchants Bank Partners with Baker Hill to Support Continued Growth

Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL... Read more »

Atlanta-based IDology to Be Acquired by GBG for $300m

  • IDology provides GBG with a strong foothold for Identity Verification and Fraud Prevention in North America, a key growth region for the company. ... Read more »

ABN Amro and Dell EMC launch new data lab for universities

ABN AMRO and Dell EMC today opened a laboratory in Amstelveen, the Netherlands, where scientists and students can perform data research. 

The new ‘Dataistic Center’... Read more »

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