know your customer,
reduce risk. save time. lower costs.
effective KYC has never been so important.
transform your KYC process with IPA and AI.
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
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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
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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
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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
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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
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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 value of automation to a bank’s CRO and risk function
industry topic: Automation
We explain the issues surrounding KYC for CROs and the value of automation.
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industry topic: Automation
We explain the issues surrounding KYC for CROs and the value of automation.
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The growth of FinTech and the regulatory trends
industry topic: FinTech
Max Worrall shares insight on the growth of FinTech and the emerging regulatory trends.
read more
RegTech and SupTech: innovation, evolution and FCA d...
industry topic: RegTech
Francesca Hopwood Road, from The FCA, joins us for the latest episode of RegTech 20:20.
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In the spotlight: Shaun McInally-Buckley, Head of Pe...
industry topic: in the spotlight
If you want to know what it takes to work at Encompass, Shaun McInally-Buckley is the person to ask.
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How banks can benefit from automation post-COVID 19
industry topic: Automation
James Watson explains how banks can benefit from automation post-COVID 19.
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Accuity and Encompass partner to improve KYC risk as...
industry topic: KYC
We are pleased to share news of our partnership with Accuity, which will improve risk assessments.
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The problem Encompass solves – and why
industry topic: KYC
Wayne Johnson tells us about the problem Encompass solves, and the story as to why.
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Webinar recap: Data and technology – the perfe...
industry topic: Data
A summary of our latest webinar, Data and technology: the perfect partnership for AML
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Digital transformation and financial crime in a post...
industry topic: Financial crime
Now is the time to invest in technology that offers the best defence against financial crime.
read more
Technology experts discuss the role of innovation in...
industry topic: Financial crime
We round-up the talking points from the latest episode of RegTech 20:20.
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In the spotlight: Sally Lewis and Will Dale, Sales
industry topic: in the spotlight
We get to know two of the newest recruits to our Sales team.
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our impact
existing integrations to global data sources
jurisdictions covered
percent reduction in time taken to gather KYC information
customers around the globe