why compromise between compliance obligations and customer expectations?
know your customer automation for banking and finance
In the present regulatory environment, where risk of reputational damage, significant fines and even prison sentences is all too real, ensuring compliance with your company’s internal Know Your Customer (KYC) policies is of paramount importance.
This is not easily achieved. Compliance workflows consist largely of disparate, standalone systems linked by manual tasks. Processes are prone to human error, and require high-levels of oversight.
encompass confirm aggregates data from the world’s leading information providers. We then automate workflow in-line with your internal KYC policies to significantly enhance the way you research, onboard and review prospects and customers.
encompass confirm reduces the time, cost and risk involved in due diligence activities, while enabling you to better demonstrate value to customers and compliance to regulators.
accelerate onboarding, reduce operating costs, ensure consistent and robust policy adherence. by automating KYC, encompass confirm transforms Anti-Money Laundering (AML)/Counter-Terrorist Financing (CTF) compliance into competitive advantage.
key features of encompass confirm
why choose encompass confirm?
accelerate and standardise customer onboarding
Eliminate hours searching, downloading, printing and reviewing information from multiple sources in a variety of formats.
communicate complex situations visually
Speed up communications and understanding between your frontline staff, compliance officers and regulators.
effectively capture the external information you need
Link information to existing systems to build a deep understanding of new customers while applying global AML/KYC standards.
implement a scalable compliance operating model
Relieve front-line staff of AML/CTF information collection activities to focus on what they do best – building relationships with customers.
maintain visibility from decisions back to data
Retain source documents and provide an auditable record of how information is discovered and used in your compliance process.
transparent and auditable customer onboarding
With built-in compliance, all activity is automatically logged with a user identifier, and a date and time stamp to meet stringent audit controls.
encompass confirm makes it simple and fast to research multiple versions of a director’s name, and to draw out all the connections. You couldn’t possibly do this efficiently by searching manually. Automating this work to take advantage of digitised information reduces costs and so supports our firm’s commitment to be value-driven and cost-effective.
Partner, Paris Smith LLP
encompass confirm significantly reduces the searching time, so it takes five minutes instead of potentially days. It also makes us more productive – instead of spending so much time on search and review, we can be doing other work and building the relationships with our clients.
Gilbert + Tobin
the one stop shop for your AML/KYC information needs
Ownership understanding, management understanding, and credit risk.
electronic ID verification
Electronic verification of individuals
Screening for PEPs, sanctions, and adverse news
Ownership and valuation
encompass confirm fits seamlessly into your existing due diligence processes. It provides a single point of access for all the information sources you need for customer onboarding, significantly reducing the time spent gathering the information required to make your decisions. Continue using your existing sources with no change to your billing, and gain further insight from additional sources for enhanced due diligence as and when you need.
Our information partners include:
- Thomson Reuters World-Check
- Dow Jones Risk & Compliance
- Bureau van Dijk
- Companies House
- C6 Intelligence
- …and many more
information and insight
Join us for one of our regular product webinars, demonstrating the key features and benefits of encompass confirm.
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Our customers have enhanced business development and accelerated customer onboarding and compliance checking.
want to know what encompass confirm can do for your business?
Discover how encompass confirm can accelerate and streamline your customer onboarding. Fill out the form to request your consultation on how our Know Your Customer software can complement your existing workflow, or contact our team directly on 0333 772 0002.