KNOW YOUR CUSTOMER, AUTOMATED
for banking, finance, legal and accountancy
encompass is the creator of KYC automation for major financial and professional service firms globally. We are the only provider of simultaneous, real-time access to multiple sources of global company and person data. By using robotic search to discover everything your KYC policy demands, encompass delivers more efficient processes and faster, safer regulatory compliance, resulting in lower costs and superior risk management.
with every transaction, regulation demands that you know your customer
The risk of reputational damage, significant fines and even prison sentences is all too real. Ensuring compliance with internal Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies directly influences your company’s earnings and profits.
Discovering complete ownership structure, screening and verifying key stakeholders across the world, is the essential basis for effective KYC. Hours are spent traversing multiple data sources in order to:
- gather ownership data from registries and data vendors
- establish ultimate beneficial ownership (UBO)
- complete screening checks, identity verification and review adverse news
- analyse and apply your risk models
- gather and store evidence to build an audit trail to support your decisions
With all of this to complete, whilst the customer is waiting to do business, KYC today is costly both in time and money.
encompass solves this problem
encompass products for AML/CTF compliance
encompass confirm
for banking & finance
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.
encompass verify
for legal & accountancy
helps streamline time-consuming onboarding, mitigate reputational risk, and improve the client experience. encompass verify is the Know Your Customer software for consistent and robust Anti-Money Laundering (AML) & Counter Terrorism Financing (CTF) compliance, providing reassurance your firm is regulator ready.
encompass verify
for legal & accountancy
helps streamline time-consuming onboarding, mitigate reputational risk, and improve the client experience. encompass verify is the Know Your Customer software for consistent and robust Anti-Money Laundering (AML) & Counter Terrorism Financing (CTF) compliance, providing reassurance your firm is regulator ready.
the full picture, fast
KYC policy automation
whether onboarding one customer or one thousand, encompass provides automated, rapid AML/CTF checks, so you can be guaranteed you are meeting the needs of internal policies
seamless integration
designed to work on any platform using any language, the encompass API integrates KYC processes for AML and CTF regulatory compliance checks directly into your own onboarding workflow
industry-leading data sources
understanding the full picture of your clients and customers demands access to data with truly global coverage – the encompass products have access to over 50 data providers covering every corner of the globe
insights from encompass
identifying and verifying corporate hierarchies and ultimate beneficial owners
In this free 40 minute webinar, regulatory compliance operations consultants Jon Wilson and Yasmeen Jaffer explore the big questions around beneficial ownership.
the full picture, this week - 06 April 2018
Our weekly roundup of the latest news impacting compliance, anti-money laudnering and financial crime, and technology. This week we look at AML in the EU, Regtech in the Middle East, and the impact of AI…
understanding corporate ownership structure and identifying ultimate beneficial owners
An important change with 4MLD was enhanced requirements to identify and verify ultimate beneficial owners, but this can be a time-consuming task. Learn how encompass does this for you in minutes.
discover what encompass can do for you
Ready to learn how encompass can accelerate your client onboarding and compliance checks?
Fill out the form to request your personalised consultation on how encompass can help your business.
Alternatively you can contact our team directly on 0333 772 0002.
encompass in the media
from announcing our customer wins and industry-leading data partnerships to encompass team members adding their voice to industry debates, we’ve been featured in hundreds of publications.
