Whitepaper The benefits of KYC process automation
In this ebook learn how banks can benefit from KYC process automation and reduce manual activities. Download to find out more.
What Encompass delivers
Encompass builds complete customer profiles in real-time to be shared wherever needed across your organization.
As a result, our clients have seen:
- 100% automation of KYC searches
- Dramatically improved efficiencies and cost savings
- Enhanced customer experience and reduced outreach
- Re-work and human error eliminated
- Increased profitability
What Encompass does
Encompass brings together, analyzes, and integrates public and private data through a single platform to generate a holistic view of customers.
1
Deliver a single, holistic view of your customer
Our CDI platform delivers complete CDI profiles that can be shipped wherever needed across your organization for a consistent and complete view of their company information, verified documents, corporate hierarchies, a full audit and trail and data attribute lineage.
2
Remove KYC bottlenecks
Encompass performs multiple KYC searches in parallel by automating your organization’s search procedures for significantly enhanced productivity. As a result, manual and costly KYC activities at refresh and remediation, can be replaced with fully automated investigations completed in minutes.
3
Ensure round-the-clock compliance
With real-time connections into limitless global public data products and outreach automation to collate and incorporate privately held information, Encompass ensures CDI profiles are complete, up-to-date and always compliant, giving compliance teams peace of mind.
4
Complement your CLM and CRM solutions
Encompass easily integrates into all your existing systems, enabling CDI data to be shared with your Customer Relationship Management (CRM), Client Lifecycle Management (CLM) platforms and downstream technology for a fully automated end-to-end customer journey, whether it’s for a new customer, product, jurisdiction, or ongoing KYC.
5
Simplify your technology landscape
The Encompass CDI platform removes the data maintenance and integration burden with access to over 175 pre-built global public data product integrations through a single API. Data normalization, primacy rules and entity resolution are performed across both public and private data to fully automate KYC investigations, remove swivel-chair activities and reduce client outreach.
How Encompass fits into your world
Encompass enhances ROI on existing technology with a streamlined KYC process.
Key platform features
1
Dynamic KYC process automation
Limit human involvement to reviews only by fully automating KYC searches and performing multiple searches in parallel, directed by your risk policy. Lay the foundations for faster, more efficient event-driven or periodic KYC refresh of clients with CDI profiles.
2
CDI profiles
The Encompass CDI platform automates repetitive data-gathering tasks by normalizing, and matching and merging public and private data to resolve data conflict and applies a client’s preferred data source primacy rules. Generate a single view of the entity with CDI profiles, complete with data lineage, audit trail and source documents.
3
Global public data
Get the critical KYC attributes and documents you need via a single point of entry into your technology landscape, with over 175 pre-built public data product integrations giving you access to real-time golden source information and documentation.
4
Corporate hierarchy unwrapping and UBO verification
Unwrap the corporate ownership structures and identify and verify ultimate beneficial owners faster and better than your analysts are doing today by automating the KYC investigation process.
5
PEP, sanctions and adverse media screening
Screen clients up-front to identify any potential enhanced due diligence requirements before commencing the onboarding process, so you can minimize client outreach and improve customer experience.
6
Dynamic audit trail
A digital record of all KYC activity is automatically stored within Encompass as standard, available to share, download and review when refresh or remediation is required.
What we deliver
Encompass incorporates public and private data to create a holistic view of customers with CDI profiles.
How Encompass solves your segment-specific challenges
Whitepaper Discover corporate digital identity from Encompass