Whitepaper Planning your journey to perpetual KYC
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Streamlining KYC remediation processes

Increasing regulation, inconsistent onboarding practices and heightened regulatory scrutiny are creating a glut of work for regulated firms in the form of Know Your Customer (KYC) remediation.

Key benefits of automating KYC remediation

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Avoid risks associated with outdated KYC

Regulators expect KYC files to be fit for purpose and in line with an organization’s global KYC policies, but manual processes cannot keep up with the pace of regulatory change. Automating KYC remediation ensures organizations can quickly and easily perform remediation to achieve compliance faster and mitigate the risk of significant fines and penalties.

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Slash the costs of KYC remediation

Outsourcing remediation projects or employing teams of analysts to manually review and refresh KYC files is costly and unscalable. Encompass significantly reduces the cost of KYC remediation by automating costly manual processes, and enables skilled analysts to focus on exception management.

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Maintain high levels of customer satisfaction

Delays in KYC remediation can result in unnecessary disruptions in customer transactions and relationships. Encompass streamlines information gathering and analysis to significantly reduce the time taken to complete AML and KYC remediation and keep your business operating safely and compliantly.

Why choose Encompass for managing the AML & KYC remediation process?


Quick and easy bulk uploads of KYC files

A bulk processing functionality makes it quick and easy to upload all customer KYC data for remediation, wherever it resides.


Flexibility to remediate KYC files in line with global policies

Ensure each KYC record is completed consistently to the standard of the relevant policy for different customer segments, in line with a risk-based approach.


Intuitive dashboard offers full transparency

Encompass tracks the processing of KYC files in a user-friendly dashboard, with alerts when an action or manual review is required.


Comprehensive KYC audit trail

Comprehensive real-time audit trails record every search and action taken on a profile for demonstrable compliance.


Make KYC remediation a business advantage

Complete and accurate KYC files provide critical information to grow your business and enhance the customer experience.