the new standard for remediation
a powerful addition to the encompass KYC solution for banking, finance, legal and accountancy
ensure your customer back book is remediated in line with your current KYC policy, reduce cost with KYC automation, and prove compliance to the regulator.
Ensuring ever changing KYC policies are applied to your existing customer base is a heavily manual process involving large volumes of customers and vast quantities of customer data. This is often de-prioritised in favour of new business KYC processing, however regulations demand the same level of due diligence on your back book as your new business.
encompass remediate solves this problem
encompass remediate effortlessly conducts KYC policy processing across your entire back book to the same high standards of due diligence you apply to your new business KYC processing.
An easy three-step guide helps you through compiling, uploading and processing the remediation data using your encompass automated KYC policy. A progress update notifies you when remediation is completed. Automatically created profiles let you know if your attention is needed. encompass remediate delivers faster and cheaper remediation processes, proven regulatory compliance and safer risk management.
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benefits of adding encompass remediate
consistent policy execution
ensure same KYC standard is applied to back book as for newly onboarded customers
proven compliance with full audit trails and proof documentation
save time and money
save time and reduce costs with effortless bulk processing of large customer data volumes
easily manage results
effectively manage the results of remediation to fit with your operational needs
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.