reduce compliance costs with
KYC automation
Today’s manual Know Your Customer (KYC) processes are crippling organisations, leaving them exposed to risk, spiralling costs and the potential loss of business.
Using advanced robotics and artificial intelligence, encompass fully automates the repetitive activity of accessing, retrieving and analysing data from multiple sources. Our KYC automation mirrors the steps an analyst takes, allowing us to dynamically build accurate and complete KYC files in line with your policies.
ease the cost and burden of KYC operations
spend three minutes, instead of three hours, on KYC information and news discovery with encompass automation
maximise protection from regulatory risk
a lack of oversight of manual processes leads to the inconsistent application of KYC policies across an organisation; KYC automation with encompass ensures policies are always executed consistently
enhance your existing systems and processes
one simple integration of the encompass API into existing customer lifecycle management or onboarding systems allows you to take full advantage of KYC automation quickly and easily
capabilities
define bespoke processes based on internal policies
encompass robotically automates information and news discovery based on your existing KYC policies and procedures, and using your trusted sources.
flexibility to remediate KYC files based on all your global policies
encompass accesses and analyses data from corporate registries and premium company data providers to dynamically visualise corporate ownership structures.
intuitive dashboard keeps you fully informed at all times
Using your trusted sources, KYC policy definitions and a risk-based approach, encompass automatically discovers ultimate beneficial owners (UBOs).
define bespoke processes based on internal policies
encompass robotically automates information and news discovery based on your existing KYC policies and procedures, and using your trusted sources.
flexibility to remediate KYC files based on all your global policies
encompass accesses and analyses data from corporate registries and premium company data providers to dynamically visualise corporate ownership structures.
intuitive dashboard keeps you fully informed at all times
Using your trusted sources, KYC policy definitions and a risk-based approach, encompass automatically discovers ultimate beneficial owners (UBOs).
automatically screen for regulatory risk
encompass automatically screens all relevant entities and individuals against your chosen sources to identify sanctions and Politically Exposed Persons risk.
identify adverse media
encompass seamlessly screens individuals and entities for negative news, using artificial intelligence to automatically prioritise articles of importance to you.
ongoing monitoring
According to your criteria, encompass will continuously monitor customer profiles for material changes that may trigger the need for KYC remediation.
dynamic creation of a full audit trail
encompass builds a complete audit trail for every search and action taken on a profile for demonstrable compliance.
see encompass in action
benefits
improve the quality of your KYC
get the full picture of every customer for safer, more informed decisions
improve customer experience
automated data gathering allows you to onboard customers more quickly
gain full control of KYC
fully automate KYC discovery to ensure consistent application and enforcement of policies
reduce the cost of KYC
automation reduces valuable hours wasted on repetitive, manual tasks
delivery
SaaS portal
our intuitive user interface provides you full automation to access all of your trusted data sources, run searches and discovery, view and action results and conduct ongoing monitoring in one place
API
the encompass API links more than 70 data providers into a single interface, connecting you to the most in-depth and relevant data you need to make your customer onboarding decisions
related content
best practice in AML and KYC compliance
the new know your customer standard
Acuris Risk Intelligence case study
discover what encompass can do for you
Ready to learn how encompass can accelerate your client onboarding and compliance checks?
Fill out the form to request your personalised consultation on how encompass can help your business.
Alternatively you can contact our team directly on 0333 772 0002.