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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.

Learn more about public data integrations

Profile-Diagram

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.

Read about digital profiles

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
Santander – digital transformation for KYC | Encompass case study
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

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Benefits-of-pKYC-from-Encompass-e1692203686905

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.

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Whitepaper_Redefining client outreach in Tier 1 banking_featured
Whitepaper

Redefining client outreach

Explore the impact of current approaches to collating KYC information and how automation revolutionizes client outreach with digital profiles.

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Discover corporate digital identity from Encompass

 

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