On November 14, 2019, the International RegTech Association (IRTA) and Protiviti have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes. The study reveals an urgent need for more effective industry alignment to accelerate the digitizing of KYC processes and greater use of shared platforms. KYC processes involve the identification and verification of customers and help protect financial institutions’ services from being misused for illegal activities.
encognize G.K. was one of the direct contributors to the report preparation and review.
Full Press Release here
Full pdf report downloadable here (English version)​

Alternative Credit Scoring based on psychometric evaluation (AdviceRobo), 3FA solution through card-embedded fingerprint reader combined with digital wallet (Unikeys), Digital-Identity-as-a-Service based on distributed platform (Pikcio), Financial Industry- specific translation engine (Lingua Custodia) are as many innovative solutions that our encognize GK team was proud to promote between April and September 2019.
Beyond the active search of business partners ready to explore these innovative solutions in Japan, our team has also conducted focused seminar and had the honor to be invited to renowned industry events.

• July 08: Delivery of a joint seminar Pikcio x Microsoft on the theme of "New Data Economy: personal data in action"
• August 09: Representation of AdviceRobo and Pikcio at Mastercard start path Japan Selection Day
  
• August 30: encognize GK sets a FinTech Innovators Booth at Microsoft Innovation Lab Japan 2019 to showcase his business partners' solutions
  
• September 3-6: participation to the annual Nikkei Fin/Sum x Reg/Sum representing AdviceRobo at the start-up pitch contest and joining the panel discussion "RegTech Can Change the World: Inaugural Announcement of the Global RegTech Industry Benchmarking Report" organized and delivered with EY Japan, University of Cambridge Judge Business School - Centre for Alternative Finance, Bank of Japan, Japan FSA and Japan FinTech Association. Report can be downloaded here (English or Japanese version)
  

On February 08, 2019. Goodway GK hosted the 11th Japan Annual AML Conference.
Around 500 delegates, essentially risk and compliance practitioners from Financial Institutions operating in Japan, have joined to discuss themes like the coming FATF mutual evaluation, the shift to a risk-based approach or the automation of the AML/KYC function.
With eKYC regulation being amended in Japan, encognize GK took this opportunity to welcome some of their business partners on the first ever "RegTech Innovators" booth exhibiting at this event.
The following 3 RegTech Innovators have joined our shared booth and have demonstrated to a large panel of visitors how efficiency could be gained for client on-boarding in a digital era:
- electronic IDentification (eID) which provides compliant identity verification solution using video
- smartKYC distributed by Finantix which uses advanced NLP (Natural Language Processing) applied to structured and unstructured data to improve and accelerate client screening and filtering
- Pikcio which offers secure and GDPR-compliant Data Portability under a Digital Identity-as-a-Service (DIaaS) platform
​You can find the full event report prepared by Goodway here. (Japanese ONLY)