Challenger banks have made their mark on the financial services landscape by offering innovative digital experiences and frictionless customer onboarding. However, with growth, comes increased regulatory scrutiny. Robust KYC processes are critical but enhanced compliance cannot come at the expense of the kind of customer experience that has made the sector so successful.
Encompass provides KYC on demand, powered by intelligent process automation, which helps challenger banks and FinTech companies meet core KYC requirements.
We are trusted by FinTech companies and challenger banks to improve their KYC processes and deliver the following benefits.
By automating manual KYC due diligence processes, our solution dramatically reduces the time it takes to onboard a customer, ultimately boosting customer satisfaction – which is key for growing FinTech companies.
KYC automation from Encompass offers standard, repeatable and auditable due diligence processes. Manual processes are automated, and a dynamic audit trail records all activity for demonstrable compliance.
We have access to more trusted global data providers than any other KYC solution, spanning more than 200 jurisdictions, so you can safely grow your customer base worldwide.
Since the launch of Encompass in 2012, we’ve been helping challenger banks fight financial crime and streamline their KYC processes to comply with AML regulations and requirements.
Find out more about what makes us the No.1 platform for automating corporate KYC due diligence
If you’d like to know more about the transformative impacts Encompass could bring to your bank, explore our range of end-to-end KYC management features, powered by automation.