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Manual KYC processes are broken. Complex AML and KYC requirements mean that it takes an average of 32 days to onboard a corporate customer. Much of this time is spent on critical CDD activities, but slow onboarding processes lead to lost business and exposure to risk.
Encompass provides KYC on demand for corporate and investment banking institutions, powered by intelligent process automation.
We’re trusted by top global corporate and investment banks to deliver effective automation solutions for KYC activity. Here’s what our innovative software enables you to do.
Encompass automatically unwraps ownership and control structures for corporate customers, streamlining the long and complex KYC data gathering process.
This reduces the risk of manual errors and saves KYC analysts significant time, freeing them up to maximize their value to the organization.
Encompass provides KYC data aggregation from a single API, leveraging our existing integrations to the widest range of global public and premium data sources, to empower CLMs and CRMs with critical information.
Our automated KYC solution has access to trusted global data sources, across over 200 jurisdictions. We work with corporate and investment banks to mirror their existing KYC processes and can integrate additional data sources as required.
Encompass’ digital KYC records include full details of corporate hierarchy and UBOs, primary documents and a complete, dynamically created audit trail of all actions taken.
Digital KYC records demonstrate compliance to regulators and auditors, and seamlessly integrate with CLMs and CRMs for a more streamlined KYC and AML compliance process.
Since the launch of Encompass in 2012, we’ve been helping corporate & investment 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.
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