How banks can benefit from automation post-COVID 19
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The COVID-19 pandemic has had far-reaching implications across the financial services industry.
With some institutions facing up to restructuring, and customer expectations evolving, the need to embrace digital transformation and new solutions, particularly those connected to Know Your Customer (KYC) activities, has never been more apparent.
In this ebook, we explore:
- the need to embrace RegTech
- inherent obstacles of persisting with legacy systems
- how the challenges presented by COVID-19 have given rise to opportunities to adapt
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Encompass is the creator of Know Your Customer (KYC) automation for major financial and professional service firms globally. We are the only provider of simultaneous, real-time access to multiple sources of global company, registry and person data. By using robotic search to discover everything your KYC policy demands, Encompass delivers more efficient processes and faster, safer regulatory compliance, resulting in lower costs and superior risk management.
Encompass robotically searches structured and unstructured information sources to automate your KYC, AML and EDD policies. Key elements including UBOs, PEPs, sanctions and adverse media are all identified, visualised and verified in seconds. Whether it’s one, or one thousand customers, enhanced risk assessment, monitoring and remediation can now be achieved at scale through the power of automation.
Discover what Encompass can do for you
Ready to learn more about Encompass' intelligent process automation platform for KYC?
Fill out the form to request your personalised consultation on how Encompass can help your business. You can also contact our team directly on +44 (0) 333-772-0002.