Feature
KYC onboarding
Transform KYC onboarding processes with corporate digital identity. Automate repetitive tasks to eliminate error and increase efficiency.
Read More
Automating due diligence processes
Gaining the full picture of a respondent institution’s business, including beneficial ownership and any adverse media, is critical in the global fight against financial crime, as well as for reducing regulatory risk.
Encompass’ KYC automation is trusted by leading global banks to standardize and enhance the quality and efficiency of their due diligence processes.
Automating the due diligence process in the banking industry
west
east
1
Identify and verify beneficial ownership
Using intelligent process automation, Encompass provides KYC on demand from global public and premium data sources. The Encompass platform dynamically unwraps corporate ownership structures to identify and verify the beneficial ownership and control of a respondent institution, as well as flagging any PEPs or sanctioned entities, using a bank’s choice of reliable and independent sources. The full picture provided by Encompass forms a solid foundation for subsequent due diligence activities.
Seamlessly screen for regulatory risk and adverse media
Encompass’ automated KYC solution seamlessly screens relevant individuals and entities against a bank’s favoured screening and adverse providers. This quickly uncovers any adverse media, such as any regulatory actions, that may trigger enhanced due diligence.
Ongoing monitoring of the respondent institution
Our software monitors target entities and individuals for changes to PEP and sanctions status, against a bank’s choice of provider, for ongoing protection from regulatory risk.
Efficient and cost-effective KYC remediation
Encompass can support periodical reviews and KYC refresh on respondent institutions via a simple batch loading functionality.
Why choose Encompass for correspondent banking CDD?
Automate and streamline due diligence on respondents
Encompass automates document and data collection, analysis and integration from public and premium sources for fast and effective data gathering, based on an organization’s existing policies.
Quickly verify a respondent’s information and identity
Seamless access to global corporate registries and electronic identity verification allows Encompass to automatically verify information supplied by the respondent institution.
Discover ultimate beneficial owners
Encompass automatically identifies and verifies UBOs to the thresholds dictated by an organization’s AML/CTF policies for a truly risk-based approach.
Automatically screen for regulatory and reputational risk
Encompass seamlessly screens individuals and entities against a bank’s preferred suppliers of PEP, sanctions and adverse media data.
Monitor for changes in respondent risk profiles
According to a bank’s risk-based approach, Encompass continuously monitors KYC profiles for material changes that may trigger the need for KYC remediation.
Dynamic creation of a full audit trail
Encompass dynamically generates a regulator-ready audit trail for demonstrable compliance.
Discover key features of our KYC software
Discover corporate digital identity from Encompass