Automated KYC public data collection for corporate clients
EC Public Automation is a know your customer (KYC) automation solution from Encompass, built on the EC360 corporate digital identity (CDI) platform. It sources public data and documents in real-time from registries, regulators, stock exchanges and data vendors, then matches and merges them to map corporate structures, verify ultimate beneficial owners (UBOs) and deliver complete client profiles into your systems.
What is the EC360 MCP server?
Model Context Protocol (MCP) is an open standard that lets AI applications connect securely to external data and tools. The EC360 MCP server gives your bank’s AI agents and assistants direct access to structured, lineage-tracked KYC data from EC360, so AI-driven workflows are grounded in verified source data rather than unverified web content.
Key features
Automation rules
Configure EC Public Automation to collect, combine and organize data according to your bank’s approved public data sources, jurisdictions and requirements.
Intelligent document processing (IDP)
Generative AI extracts data from complex documents such as registry filings, so analysts no longer re-key information manually
Data normalization and standardization
Data is normalized into standardized fields for smooth ingestion into internal and third-party systems.
Hierarchy rules and entity resolution
Source preferences are automated and tailored to your bank. Data from multiple sources is matched and joined into a single consolidated view of each entity.
Corporate structure mapping and UBO discovery
Ownership is uncovered by combining data from multiple sources and calculated using both beneficially held and non-beneficially held shareholding percentages.
Interactive UBO hierarchy chart
View relationships between entities and individuals in an interactive chart, with filters to identify beneficial ownership and control.
Standardized client profiles
Data attributes and original source documents from multiple providers are collated into one digital profile, with a full audit trail of every action taken.
What data sources does EC Public Automation cover?
EC Public Automation gives you access to 175+ data products covering over 200 jurisdictions, so you can source critical KYC data attributes and documents in real-time to verify and validate client identity. Sources include:
- Corporate registries
- UBO registries
- Regulators
- Stock exchanges
- Screening, identity verification (IDV)
- Company business data from leading vendors
Power systems and pKYC programs
Versatile digital profiles, available in multiple digital formats, seamlessly integrate, via API, into banking systems and Client Lifecycle Management (CLM) solutions. These digital records can support continuous or perpetual KYC (pKYC) programs to provide real-time risk insights and proactive compliance management.
How secure is EC Public Automation?
Encompass holds ISO 27001 certification and an AICPA SOC 2 Type II report. Every action taken on a client profile is recorded in a full audit trail. Visit the Trust Center for more detail.
What are the benefits of automating KYC public data collection?
A consistent KYC search process, profile and audit trail provides:
Reduce KYC costs
Accelerate onboarding
Robust regulatory compliance and risk mitigation
Significant operational efficiency gains
Improved client experience
New business opportunities
Partnering with Encompass
Our global transformation team of KYC and banking industry experts, supported by dedicated delivery and customer success teams, helps you realize ROI and maximize the value of EC Public Automation.
Whitepaper
Keeping good company: streamlining client onboarding with CDI
Explore the first report in a series by Chartis and Encompass, focusing on banks’ client onboarding challenges and solutions.
Automated KYC refresh and remediation