encompass | robotic process automation for Know Your Customer

effective KYC has never been so important.

transform your KYC process with RPA 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.

conduct an initial risk assessment

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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understand corporate hierarchy, discover ultimate beneficial owners

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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identify regulatory risk

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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uncover adverse media

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

RPA ensures consistency in adverse media searches; AI eliminates false positives; intelligent filtering focuses efforts on the real risks

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continuously monitor for material changes

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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build and maintain an audit trail

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

RPA 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

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