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
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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
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
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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
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
intelligent process automation: the next generation of KYC
industry topic: intelligent process automation
Learn how the technology compares to manual systems as well as its benefits
read more
industry topic: intelligent process automation
Learn how the technology compares to manual systems as well as its benefits
read more
intelligent process automation: the next generation ...
industry topic: intelligent process automation
Learn how the technology compares to manual systems as well as its benefits
read more
the full picture, this week – 22 March 2019
industry topic: personal identity verification
This week we look at digital ID&V, Brexit brain drain and blockchain
read more
FCA Guidance 18/5 – a guide to managing open s...
industry topic: regulation
A guide to managing open source media checks in response to FCA 18/5.
read more
the full picture, this week – 15 March 2019
industry topic: financial crime
This week we look at the influence of Russian money across Europe.
read more
ACCELERATE RegTech2019 – a valuable forum for ...
industry topic: regtech in Australia
encompass' Gary Clarke reports from an enlightening ACCELERATE RegTech2019.
read more
encompass and IHS Markit partnership expected to red...
industry topic: company news
We are pleased to announce our partnership with IHS Markit.
read more
compliance in 2019 – the expert roundup
industry topic: compliance
Senior staff, industry advisors and clients tell us what to look out for.
read more
deciphering global AML regulations – a compari...
industry topic: AML regulation
We look at different approaches to regulation in the UK, Hong Kong and US
read more
the full picture, this week – 8 March 2019
industry topic: anti-money laundering
We look at fresh calls by MEPs for a new EU-wide AML watchdog.
read more
celebrating the women of encompass on international ...
industry topic: encompass
We spoke to the brilliant women who help make encompass
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