Automated KYC data extraction from documents, powered by GenAI
Fast, accurate KYC data extraction
Extracting KYC data from complex documents manually is error prone and inefficient. Intelligent document processing (IDP), powered by generative artificial intelligence (GenAI), scans documents and identifies and extracts relevant KYC data from public and private documents automatically. Data is inserted into the digital profile for a complete view of the client’s corporate structure and beneficial owners. Manual review and markup of documents by analysts are removed, reducing workload and the risk of human error.
How IDP works
- Analyst uploads documents straight into Encompass.
- Our embedded AI model or a client’s preferred model can be used by IDP to identify key ownership information.
- Data is extracted and automatically added to existing information for a complete view of corporate structure and beneficial owners.
- Follow-on screening can easily be performed on newly identified entities and individuals.
- Every action taken is tracked and every extracted data point links back to the original document for full auditability.
Security and hosting
Developed with security built-in by design
- IDP connects with an industry leading Gen AI large language model (LLM) and extraction model provider via secure API and uses their software development kit (SDK) directly within EC Public Automation.
- It is open by design and can integrate seamlessly and securely with any IDP provider as required.
- Industry standard encryption of data in transit and at rest
- All information is deleted from the embedded IDP provider’s model as per the client’s data retention policy. The client will have control over data deletion through a configurable deletion timeframe.
- Flexible region based global hosting to meet business needs
Key benefits of IDP
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Unlock deeper data insights
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Accelerate reviews with reduced manual effort
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Increase regulatory confidence by minimizing human error
Real-time public data and documents
The EC360 CDI platform incorporates real-time data and documents from authoritative global public data sources and private customer information, to create and maintain complete client profiles. Find out more about our unrivaled access to global public KYC data.
Discover further EC360 platform features
CDI profiles
Dynamic KYC process automation
UBO verification
PEP, sanctions and adverse media screening
Data attribution lineage
