automate Know Your Customer remediation
is out of date KYC putting you at risk?
Increasing regulation, inconsistent onboarding practices and heightened regulatory scrutiny is creating a glut of work for regulated firms in the form of Know Your Customer (KYC) remediation. With high volumes of customer KYC files that no longer meet the standards of their policies, firms are exposed to significant risk until remediation is completed.
Robotic process automation from Encompass allows you to remediate your entire back book in line with global policies quickly, accurately and cost-effectively by allowing you to:
- upload all customer data for remediation in one simple step
- automate KYC data remediation based on your policies
- view progress and be alerted to any required actions
- dynamically create a comprehensive audit trail
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