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
request a consultation
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
request a consultation
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
sanctions: where are we now?
industry topic: sanctions
Sanctions are becoming increasingly prevalent. We look at how businesses need to adapt.
read more
industry topic: sanctions
Sanctions are becoming increasingly prevalent. We look at how businesses need to adapt.
read more
the full picture, this week – 20 September 2019
industry topic: AML fines
This week we look at the latest AML research, the impact of digital payments on UK banks, and more.
read more
In the spotlight – Magalie Pimentel, Head of M...
industry topic: in the spotlight
Our Head of Marketing, Magalie Pimentel, discusses the opportunities and challenges of Encompass.
read more
over $352.5 million of fines handed out globally in ...
industry topic: AML fines
We look at key findings in the latest anti-money laundering research conducted by Dr Henry Balani.
read more
the full picture, this week – 13 September 2019
industry topic: open banking
Only 25% of banks ready for open banking, Central Bank of Ireland publishes AML guidelines and more.
read more
the full picture, this week – 06 September 2019
industry topic: KYC
KYC costs European banks €10m per year, mobile payment firms associate, and more.
read more
how Encompass helps to manage the balance between re...
industry topic: legal
Encompass helps legal firms meet the challenges of regulation.
read more
in the spotlight – Kate McAleavey, Product Owner
industry topic: in the spotlight
Product Owner, Kate McAleavey, discusses the importance of collaborating with our clients,
read more
the full picture, this week – 30 August 2019
industry topic: fintech
This week we explore the UK's position as a global fintech leader and pushback to digital currency.
read more
in the spotlight: Ketul Patel, Solutions Consultant
industry topic: in the spotlight
As a Solution Consultant, Ketul Patel fulfils a crucial role where his industry experience is vital.
read more
key learns from the 5th Australian Financial Crime S...
industry topic: financial crime
We report back on key learns from the recent 5th Australian Financial Crime Summit
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