In this video, we use Chelsea Football Club to demonstrate how encompass confirm can automatically run your own KYC policy, taking advantage of our industry-leading data partners to quickly identify the ultimate beneficial owner and apply your own risk models.
know your customer, automated
encompass confirm robotically searches structured and unstructured information sources to automate your KYC, AML and EDD policies. Key elements including UBOs, PEPs, sanctions and adverse media are all identified, visualised and verified in seconds. Whether it’s one, or one thousand customers, enhanced risk assessment, monitoring and remediation can now be achieved at scale through the power of automation.whitepaper
transforming know your customer operations
With the introduction of the 2017 Money Laundering Regulations, the bar for banks and financial service bussinesses onboarding new customers has been raised significantly.
The new regulations insist upon multiple information providers, proof of compliance, and identifying sources of wealth and ownership. Financial service firms must identify a route forward that ensures compliance with the new regulations while simultaneously offering ease of scale, reliability, and savings in cost and time.
This whitepaper investigates the KYC process within financial service firms for those looking to improve these outcomes. Learn how transforming and automating compliance processes can:
- reduce costs
- accelerate client onboarding
- create proof of compliance
- bring scale to KYC teams
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