know your customer,
reduce risk. save time. lower costs.
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.
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
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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
RPA 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
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
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
request a consultationour latest insights
Amy Bell Q&A: your compliance questions answered
industry topic: compliance
We held a Q&A with our legal industry advisor, Amy Bell, answering questions on AML compliance.
read more
industry topic: compliance
We held a Q&A with our legal industry advisor, Amy Bell, answering questions on AML compliance.
read more
the full picture, this week – 18 October 2019
industry topic: automation
Survey by PwC shows UK firms leading the way in automation, the EBA to focus on AML in 2020 and more
read more
Amy Bell Q&A: your compliance questions answered
industry topic: compliance
We held a Q&A with our legal industry advisor, Amy Bell, answering questions on AML compliance.
read more
the full picture, this week – 11 October 2019
industry topic: automation
A new report shows the financial impact of manual KYC processes, and more.
read more
Amy Bell’s 10 top tips for AML compliance
industry topic: aml compliance
Our industry advisor, Amy Bell, gives her top 10 tips for AML compliance.
read more
payment providers and fintechs feel increasing regul...
industry topic: AUSTRAC
High-profile AML breaches in Australian have lead to payment providers feeling the pressure.
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the full picture, this week – 04 October 2019
industry topic: industry news
This week we look at PayPal's Chinese license, fear of being left behind and hurdles to AI adoption
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how KYC automation solutions can help businesses pre...
industry topic: 6MLD
We look at how KYC automation solutions can help businesses meet the requirements of 6MLD.
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key learns from Sibos 2019
industry topic: Sibos
Our Head of Partnerships shares their key takeaways from a packed Sibos 2019 conference in London.
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the full picture, this week – 27 September 2019
industry topic: cloud
Cloud and AI lead the way in your Full Picture, This Week.
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augmenting customer due diligence: the importance of...
industry topic: customer due diligence
we delve into the key points from our seminar on augmenting customer due diligence.
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