Encompass Corporation acquires ING’s KYC platforms

Encompass Corporation acquires ING’s KYC platforms

Encompass Corporation Logo


Sydney, Australia: In a strategic move, Encompass Corporation announced today its acquisition of ING’s KYC platforms. The deal, which was finalized last week, positions Encompass as a major player in the Know Your Customer (KYC) technology space.

Encompass Corporation, a global provider of automated KYC solutions, seeks to bolster its capabilities and expand its market reach by incorporating ING’s advanced KYC platforms. The acquisition aligns with Encompass’ mission to deliver efficient and streamlined processes for customer due diligence across industries.

KYC, a crucial component of financial and regulatory compliance, refers to the process of verifying the identity of customers and assessing the potential risks a business may face when engaging with them. By integrating ING’s state-of-the-art KYC technologies, Encompass aims to offer enhanced end-to-end solutions to its clients.

The acquisition is expected to bring additional benefits to Encompass as it gains access to ING’s extensive customer base and industry knowledge. This strategic move will enable Encompass to engage with new customers, establish deeper relationships with existing ones, and foster product innovation.

“We are thrilled to acquire ING’s KYC platforms, as this will allow us to enhance our offerings and consolidate our position as a leader in the KYC industry,” said Wayne Johnson, CEO of Encompass Corporation.

Encompass continues to invest in cutting-edge technology and innovation to provide its clients with efficient, accurate, and scalable KYC solutions. The acquisition of ING’s KYC platforms further strengthens Encompass’ commitment to enabling businesses to meet regulatory requirements effectively and mitigate potential risks.

Encompass Corporation’s acquisition of ING’s KYC platforms marks a significant milestone in the company’s growth journey. With its expanded capabilities and market presence, Encompass is well-positioned to empower organizations globally in their KYC processes, ensuring compliance and driving business growth.

About Encompass Corporation:

Encompass Corporation is a leading global provider of automated KYC solutions. The company leverages advanced technology to gather, analyze, and present comprehensive KYC data, enabling businesses to drive efficiencies, reduce costs, and manage risks effectively.

ING Group Logo

About ING:

ING Group is a global financial institution offering banking, investments, life insurance, and retirement services. With a strong presence across Europe, America, and Asia, ING serves millions of customers worldwide. The company’s expertise in KYC platforms played a pivotal role in the Encompass Corporation acquisition.