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
webinar recap: spotlight on sanctions
industry topic: sanctions
We recap our webinar on sanctions with Sam Wolreich, presented by Dr Henry Balani.
read more
industry topic: sanctions
We recap our webinar on sanctions with Sam Wolreich, presented by Dr Henry Balani.
read more
webinar recap: spotlight on sanctions
industry topic: sanctions
We recap our webinar on sanctions with Sam Wolreich, presented by Dr Henry Balani.
read more
why Encompass works for Santander
industry topic: company news
We caught up with Santander and discuss how Encompass has helped them
read more
fintech and regtech must consider ethical practice
industry topic: fintech
We delve into the comments of our guests on the latest episode of the RegTech 20:20 podcast
read more
sanctions and AML: a practitioner’s view of ge...
industry topic: sanctions
We get a practitioner's view on meeting evolving AML and sanctions requirements.
read more
reflections from the Australian Financial Crime Summ...
industry topic: financial crime
Mike Kearney shares his key reflections from this year's Australian Financial Crime Summit
read more
what law firms need to know about 5MLD
industry topic: 5MLD
Amy Bell tells us what firms need to be aware of since the implementation of 5MLD.
read more
examining the Australian Prudential Regulation Autho...
industry topic: APRA
Mike Kearney examines APRA's latest policy agenda and priorities for the year ahead.
read more
Encompass appoints Alan Samuels as Head of Product
industry topic: company news
Introducing Alan Samuels as our new Head of Product.
read more
AML in 2020: an Australian perspective
industry topic: regtech
An Australian perspective on AML in 2020 courtesy of Deborah Young from The RegTech Association.
read more
Encompass appoints leading CEOs to the board of its ...
industry topic: advisory council
We are delighted to announce the members of our new Advisory Council.
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