Know your customer due diligence
powered by intelligent process automation
Effective KYC has never been so important.
transform your KYC process with intelligent process automation
With the full picture of a customer in minutes you can transform Financial Crime, KYC, and KYV compliance. Using intelligent process automation and artificial intelligence, Encompass gathers and analyses a wealth of information to dynamically build a visual picture of a company or individual in just minutes.
- quickly evaluate potential risks and opportunities with the visualisation of complex corporate structures, or an individual’s family and business network.
- dramatically improve ROI on your compliance spend by focusing highly-skilled analysts on complex KYC investigations.
- demonstrate compliance to regulators and auditors with accurate and complete KYC files and audit logs, automatically compiled and monitored.
how we help
Whether you need to reduce customer onboarding times or batch remediate your back book, automation from Encompass streamlines the process. From large corporates, through to SMEs and individuals, our intelligent automation ensures higher standards of due diligence at a significantly decreased cost.
sources
official registries; regulators; stock exchanges
what's the issue?
fragmented data; various methods of access; different data formats
the Encompass difference
a single point of access to your trusted sources; the broadest set of existing integrations; a unified data model
request a consultation
sources
company data providers; corporate ownership registries
what's the issue?
manually building out corporate structures takes time and is prone to error; UBOs can be buried under several layers making them hard to identify
the Encompass difference
simultaneously interrogate multiple sources of company data; dynamically build out the most complex of structures in minutes; instantly discover ultimate beneficial ownership
request a consultation
sources
sanction lists; official and law enforcement lists; politically exposed persons databases
what's the issue?
multiple data formats; lack of secondary identifiers; false positives cloud the real risks
the Encompass difference
seamlessly screen targets against all of the sources you rely on; a unified data format facilitates robust screening; integrate internal sources customer data to reduce false positives
request a consultation
sources
news providers; internet search engines
what's the issue?
knowing where to stop; unmanageable volume of false positives; inconsistent analysis of results
the Encompass difference
IPA ensures consistency in adverse media searches; AI eliminates false positives; intelligent filtering focuses efforts on the real risks
request a consultation
why?
customer’s PEP / sanctions status may change; adverse media may affect risk profile of a customer
what's the issue?
no fixed schedules for updates; falling behind leaves you open to regulatory and reputational risk
the Encompass difference
continuous monitoring of your trusted sources for material changes that require a KYC refresh; proactive alerts to changes that require your attention; accurate and up-to-date KYC profiles offer maximum protection from risk
request a consultation
activity
download all source documents; save to KYC profile; record all actions and decisions
what's the issue?
time taken to access and retrieve documents; inconsistency in where documents are stored; incomplete records of actions/decisions
the Encompass difference
IPA retrieves and stores all source documentation in customer profiles; automatically record every action and decision taken during the KYC process; comprehensive and accurate audit trails ensure you are prepared for audits and always regulator-ready
request a consultationour latest insights
The role of RegTech in dealing with fraudulent applications for Bounce Back Loan Scheme
industry topic: Financial crime
We focus on the importance of RegTech when dealing with issues connected to the BBLS.
read more
industry topic: Financial crime
We focus on the importance of RegTech when dealing with issues connected to the BBLS.
read more
Building the case for automation of due diligence on...
industry topic: KYC due diligence
We look at the importance of automation when it comes to due diligence in banking.
read more
RegTech 2020: The rise of Open Banking
industry topic: RegTech 20:20
In the latest episode of the RegTech 20:20 podcast, the focus is on Open Banking.
read more
Encompass appoints Robert Jessurun as Head of Bankin...
industry topic: company news
Experienced financial services leader Robert Jessurun joins as Head of Banking Sales.
read more
RegTech and compliance in Australia: Key themes in 2020
industry topic: RegTech in Australia
We look at some of the key themes and events in RegTech and compliance in Australia this year.
read more
Reflections on the Scrapinghub Web Data Extraction S...
industry topic: Scrapinghub Web Data Extraction Summit 2020
Our Head of Product, Alan Samuels, reflects on this year's Scrapinghub Web Data Extraction Summit.
read more
Play your part in the Encompass journey in 2021 and ...
industry topic: company news
Find out why the time to really make your mark at Encompass is now.
read more
In the spotlight: Tina Valand, Partnerships Director
industry topic: in the spotlight
In this blog, we find out about the career and achievements of Partnerships Director Tina Valand.
read more
What does it mean to be ‘regulator ready?’
industry topic: RegTech 20:20
We discuss what it means to be 'regulator ready' in the latest episode of RegTech 20:20.
read more
Who is to blame for 18 years of undiagnosed financia...
industry topic: Financial crime
We reflect on the FinCEN Files leak and the place of RegTech.
read more
What it means to be a woman in RegTech
industry topic: RegTech 20:20
The latest episode of the RegTech 20:20 podcast looks at female representation in the industry.
read morerequest a consultation
our impact
existing integrations to global data sources
jurisdictions covered
percent reduction in time taken to gather KYC information
customers around the globe