our know your customer automation

 

the power of automation, driving modern KYC operations

incorporate automation to modernise your business process

Automation technology built within the encompass platform drives the aggregation of data, the retrieval of relevant information from trusted sources and the analysis of that data in real time. These capabilities can be accessed either via the encompass API or when using our feature rich application and user interface, encompass confirm and encompass verify.

Whatever your preference, encompass will work with you to ensure the power of automation is integrated within your on- and offline systems and processes to leverage maximum value.

Key trusted industry leaders in business and consumer information, including credit (corporate and multinational), person ID and screening data are all available on the encompass platform, together with direct access to government registries and regulators around the world.

the power of automation over manual process

accelerate onboarding

automating KYC policies means they can be executed in seconds by aggregating and analysing AML data from recognised third party sources live in real time as the policy runs

reduce costs of compliance

a single, streamlined system reduces cost of wages and training for compliance team, while freeing up skilled analysts from administrative work to focus on solving complex problems

reduce risk of errors

automation removes human error in the retrieval and collation of AML data because the steps and sources are pre-defined and followed consistently, increasing the accuracy and quality of risk assessments

enable your business to grow

automation means KYC policies can be executed just as effectively on one policy as on one thousand, allowing for hundreds of customers to be checked in minutes

easily demonstrate compliance

automating policy execution ensures that there will be an audit trail that can be checked internally by auditors and by regulators to ensure that processes have been followed

discover more opportunities

the process of KYC checks will uncover information on a customer, including directorships and company structures, information which can be shared with other business units to build customer understanding

automatically remediate 1000s of customers within hours

Automation is the most effective and time-efficient method for remediating customers. Where a human analyst may take a significant amount of time to work through a book of customers, a machine using Robotic Process Automation (RPA) can do this in seconds.

Once policies have been executed across all entities, the outputs can be seamlessly fed back into other workflow systems, exported or accessed in the application for further investigation by analysts where appropriate.

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.

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