why compromise between compliance obligations and client expectations?
know your customer automation for legal and accountancy
introducing the next generation Anti-Money Laundering (AML) and Know Your Customer (KYC) software for legal & accountancy
streamline AML & CTF compliance processes across your firm
reduce un-billable hours with fast, automated policy checks
improve client experience by speeding up onboarding
Just how good is your Know Your Customer (KYC) process? In the present regulatory environment, where risk of reputational damage, significant fines and even prison sentences is all too real, ensuring compliance with your company’s internal AML/CTF policies is of paramount importance.
This is not easily achieved. Compliance workflows consist largely of disparate, standalone systems linked by manual tasks. Processes are prone to human error, and require high-levels of oversight.
encompass verify aggregates data from the world’s leading AML/CTF information providers. We then automate workflow in-line with your internal AML/CTF policies to significantly enhance the way you research, onboard and review prospects and clients.
encompass verify reduces the time, cost and risk involved in due diligence activities, while enabling you to better demonstrate value to clients and compliance to regulators.
key benefits of encompass verify
why choose encompass verify?
accelerate and standardise customer onboarding
communicate complex situations visually
Speed up communications and understanding between your frontline staff, compliance officers and regulators.
maintain audit trails from decisions back to documentation
Retain source documents and provide an auditable record of how information is discovered and used in your compliance process.
streamline Know Your Customer processes
effortlessly update client information
effectively capture the external information you need
Link information to existing systems to build a deep understanding of new customers while applying global KYC standards.
encompass verify makes it simple and fast to research multiple versions of a director’s name, and to draw out all the connections. You couldn’t possibly do this efficiently by searching manually. Automating this work to take advantage of digitised information reduces costs and so supports our firm’s commitment to be value-driven and cost-effective.
Partner, Paris Smith LLP
Giving senior lawyers access to state of the art tools and information frees them to spend time on the case and with their client. Just consider the improvement potential: three hours of a senior lawyer’s time reduced to 30 seconds, while producing a result with significant improvement in accuracy compared to the long-established way of searching. Using encompass verify transforms any lawyer into a power researcher.
When you’re in the early stage of an investigation you are constantly hypothesising, wondering and searching. With encompass verify, we can get the answers we need immediately. Sometimes the system seems to work as fast as you are thinking.
Forensic Accounting Specialist, McGrath Nicol
the one stop shop for your AML/KYC data needs
electronic ID verification
encompass verify fits seamlessly into your existing due diligence processes. It provides a single point of access for all the data sources required for client onboarding, significantly reducing time spent gathering the data you need to make your decisions.
Continue using your existing sources with no change to your billing, and gain further insight from additional sources for enhanced due diligence as and when you need. Our global data partners include:
- Companies House
- C6 Intelligence
- Dun & Bradstreet
- GBG ID3
- Thomson Reuters World-Check
- …and many more
information and insight
webinarsJoin us for one of our regular product webinars, demonstrating encompass verify and showing real-world use cases to accelerate your client onboarding.
whitepapersStay ahead of the competition and keep on top of industry trends with our collection of whitepapers and ebooks, free to download.
case studiesLearn how our customers have applied the encompass verify solution to real-world use cases, enhancing business development and accelerating their client onboarding.
want to know what encompass verify can do for you?
Discover how encompass verify can accelerate and streamline your customer onboarding, all through one software interface. Fill out the form to request your consultation for how our KYC automation software can enhance your workflow, or contact our team directly on 0333 772 0002.