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Perpetual KYC (pKYC) is an advanced approach to ongoing customer due diligence that ensures a customer’s risk profile and entity data remain up-to-date. Unlike traditional periodic reviews that repeat KYC processes and rely on stale and inaccurate data, Encompass enables perpetual KYC through:
EC360 enables Tier 1 banks to move beyond traditional KYC by offering the industry’s leading KYC and CDI automation platform.
Dynamic Corporate Digital Identity (CDI)
Combines golden-source public and private data into a CDI profile.
Delta analysis
Empowers analysts to compare only what has changed within a profile when it’s refreshed.
Audit-ready decision trails
Every decision is traceable, explainable, and regulator-ready.
Data provenance
Full data attribute lineage retained as standard for complete transparency.
AI-ready data
EC360 delivers the high-quality explainable data banks need to power AI solutions as part of a pKYC operating model.
Enterprise-grade security
ISO 27001 certified and SOC 2 compliant, encrypted data handling.
Plug-and-play integrations
EC360 is proven in production with leading platforms such as PEGA and Capgemini’s pKYC sandbox ‘Perpetual KYC Catalyst’.
Automate pKYC with confidence
Join leading banks already shifting to real-time compliance. Whether you’re looking to reduce refresh and remediation backlogs or future-proof AML operations, Encompass empowers compliance teams with scalable, audit-ready CDI profiles for perpetual due diligence.
Perpetual KYC (pKYC) is a modern approach to due diligence that keeps customer profiles up to date through dynamic risk assessments. Unlike traditional KYC, which refreshes customer data at set intervals, a perpetual KYC model supports a risk-based approach by continuously monitoring for material changes, automatically updating profiles and conducting further investigation as needed.
A perpetual KYC (pKYC) model offers significant efficiency and compliance advantages for financial institutions. By continuously updating customer profiles, banks can increase straight-through processing (STP) for low-risk clients and focus analyst attention on higher-risk cases. This improves risk management by enabling real-time detection of new threats. Reusing data from existing Corporate Digital Identity (CDI) profiles also speeds up KYC reviews and reduces repetitive outreach to customers. Institutions can strengthen AML compliance by maintaining always-current data and audit trails, while also lowering cost-to-serve by reducing manual touchpoints across the customer lifecycle.
Yes. EC360 is proven in production with leading platforms such as PEGA and Capgemini’s pKYC sandbox ‘Perpetual KYC Catalyst’, and can also be integrated with custom-built systems and case management tools.
Absolutely. EC360 is purpose-built for institutional and corporate banking, handling multi-jurisdictional clients, layered ownership, and ongoing AML risk management with ease.
The perpetual KYC process helps banks stay ahead of financial crime by enabling continuous monitoring of potential risk factors and automatically updating client information. This improves operational efficiency, minimizes risk exposure and ensures compliance with evolving AML regulations. This makes implementing perpetual KYC a powerful way to strengthen defenses while removing error-prone manual compliance processes.
Perpetual KYC reduces delays, repetitive document requests and unnecessary outreach, leading to faster KYC reviews and smoother lifecycle management, which improves overall customer satisfaction.
Perpetual KYC allows banks to dynamically manage customer risk levels with ongoing monitoring for changes in entity data, ownership, and behavior. This increases STP as low risk customers can move through streamlined compliance workflows with fewer manual reviews.
By aligning due diligence depth with real-time risk exposure, financial institutions can allocate resources more effectively and maintain compliance without overburdening operations.
The EC360 platform is ISO 27001-certified, SOC 2 and GDPR compliant. Private data is encrypted at rest with Two-Factor authentication (2FA).
