Award-winning automation solution
Waiting for manual KYC processes to complete frustrates clients and impacts time to revenue. Transform client experience with automated collation of public data and documents, and let Encompass deliver complete digital profiles of your clients, fast.
Encompass connects to your choice to source data and documents in real-time. These are matched and merged to unwrap corporate structures in depth, verify ultimate beneficial owners (UBOs) and create complete client profiles.
Key features
Automation rules
Encompass is configured to collect, combine and organize data from a bank’s approved public data sources, jurisdictional needs and unique requirements.
Intelligent document processing (IDP)
Generative artificial intelligence (GenAI) is used to extract data from complex documents.
Data normalization and standardization
Encompass normalizes data into standardized fields for smooth data ingestion into internal/third party systems.
Hierarchy rules
Data source preferences are automated and customized to a bank’s specific needs.
Entity resolution
Disparate data from multiple sources is joined and matched together for a consolidated view of an entity.
Corporate structure mapping and UBO discovery
Ownership is uncovered by joining together data from multiple data sources and calculated using non-beneficially held and beneficially held shareholding percentages.
UBO hierarchy chart
Relationships between entities and individuals can be viewed via an interactive UBO hierarchy chart which can be customized to identify beneficial ownership and control using filters.
Standardized client profiles
Data attributes and original source documents from multiple public data sources and vendors are collated into a digital profile, with a full audit trail of every action taken.
175+ data products covering over 200 jurisdictions
Critical KYC public data attributes and documents are sourced in real-time to verify and validate client identity. These include corporate and UBO registries, regulators, and stock exchanges, plus screening, ID&V, company and business data from leading vendors.
Power systems and perpetual KYC (pKYC)
Digital profiles, available in multiple digital formats, seamlessly integrate, via API, into banking systems, including Client Lifecycle Management (CLM) solutions. These digital records can be maintained and monitored as part of a continuous or pKYC program to proactively manage risk.
Benefits
A consistent KYC search process, profile and audit trail provide:
Robust regulatory compliance and risk mitigation
Reputation and trust building
Significant operational efficiency gains
Improved client experience
New business opportunities
Security
- ISO 27001
- SOC 2 Type 1
- GDPR compliant
Case study
Digital transformation for Know Your Customer at Santander
Learn why Santander choose Encompass as part of their digital transformation initiative, and how we have brought key benefits to the KYC team
Partnering with Encompass
Our global transformation team of KYC and banking industry experts and dedicated delivery and customer success teams help you realize ROI and maximize the value of our solutions.
Whitepaper
Redefining client outreach
Explore the impact of current approaches to collating KYC information and how automation revolutionizes client outreach with digital profiles.