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.
- Encompass identifies key individuals, address details and 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.
- All documents and a full audit trail of every action taken are available in a digital client profile.
Security and hosting
Developed with security built-in by design
- We combine Microsoft Azure Document Intelligence and Azure Open AI with a pre-trained large language model (LLM) and proprietary extraction models
- Encompass IDP is private and does not interact with any services operated by OpenAI (e.g. ChatGPT or the OpenAI API)
- Industry standard encryption of data in transit and at rest
- All information is deleted from Microsoft Azure private cloud within 24 hours
- Flexible region based global hosting to meet business needs
Key benefits of IDP
-
Increase efficiency
-
Reduce manual effort
-
Eliminate human error
Real-time public data and documents
The Encompass 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 product features
CDI profiles
Dynamic KYC process automation
UBO verification
PEP, sanctions and adverse media screening
Data attribution lineage
