how we help

wealth management

In the wake of the Panama and Paradise Papers, regulatory scrutiny of wealth management has become more important to the sector than ever.

However, balancing the expectations of demanding and complex customers with more stringent due diligence requirements is having a negative impact on customer experience.

With automated Know Your Customer (KYC) discovery from encompass, wealth managers can reduce the time and cost of due diligence to onboard customers more quickly while improving compliance with global regulation.

KYC automation from encompass addresses this challenge.

learn how encompass benefits your business

KYC operations and customer onboarding

KYC operations and customer onboarding

Performing due diligence on High Net Worth Individuals is more difficult and time-consuming than ever. The time taken to gather the required data and documentation to unwrap complex corporate structures and beneficial ownership can result in business being lost to more nimble competitors.

a single platform for UBO discovery

Using an innovative blend of intelligent process automation, artificial intelligence and business logic, encompass automates Ultimate Beneficial Ownership discovery across all required sources.

The encompass KYC platform uses intelligent process automation to access global data sources, extract the relevant documents and data, and then analyses these to discover beneficial owners eight times faster than current manual processes.

Our results speak for themselves. The UK operations of a Middle Eastern financial institution put encompass’ automated corporate ownership unwrapping capabilities to the test. The tests demonstrated that in the time taken to complete one case using the firm’s existing process, encompass’ automated process could complete more than 50.

%

time saved using encompass

compliance

Compliance with global anti-financial crime regulation is critical to the success and reputation of a wealth management firm. However, business pressure to onboard customers quickly has impacted the quality of KYC, leaving many firms exposed to hidden risk.

automated UBO discovery from encompass

Using intelligent process automation, artificial intelligence and business logic, encompass automates Ultimate Beneficial Ownership discovery across all required sources.

The encompass KYC platform uses intelligent process automation to access global data sources, extract the relevant documents and data, and then analyses these to discover beneficial owners eight times faster than current manual processes.

Our results speak for themselves. The UK operations of a Middle Eastern financial institution put encompass’ automated corporate ownership unwrapping capabilities to the test. The tests demonstrated that in the time taken to complete one case using the firm’s existing process, encompass’ automated process could complete more than 50.

hours saved per year using encompass

compliance

Compliance with global anti-financial crime regulation is critical to the success and reputation of a wealth management firm. However, business pressure to onboard customers quickly has impacted the quality of KYC, leaving many firms exposed to hidden risk.

automated UBO discovery from encompass

Using intelligent process automation, artificial intelligence and business logic, encompass automates Ultimate Beneficial Ownership discovery across all required sources.

The encompass KYC platform uses intelligent process automation to access global data sources, extract the relevant documents and data, and then analyses these to discover beneficial owners eight times faster than current manual processes.

Our results speak for themselves. The UK operations of a Middle Eastern financial institution put encompass’ automated corporate ownership unwrapping capabilities to the test. The tests demonstrated that in the time taken to complete one case using the firm’s existing process, encompass’ automated process could complete more than 50.

hours saved per year using encompass

relationship management

relationship management

Digital transformation across the wealth management sector has intensified competition. Offering a superior customer experience is critical, especially when it comes to securing new business. However, complex compliance requirements are slowing down onboarding and frustrating demanding customers.

faster onboarding decisions from encompass

encompass automates KYC discovery across all required sources to slash customer onboarding times without increasing exposure to regulatory or reputational risk.

Our KYC platform uses intelligent process automation to perform robust KYC on entities and individuals in a fraction of the time when using manual processes. The result is fast, frictionless and compliant onboarding across the entire customer base.

Our results speak for themselves. The UK operations of a Middle Eastern financial institution put encompass’ automated corporate ownership unwrapping capabilities to the test. The tests demonstrated that in the time taken to complete one case using the firm’s existing process, encompass’ automated process could complete more than 50.

%

time saved using encompass

related content

identifying ultimate beneficial owners

ultimate beneficial ownership

sign up for our weekly newsletter

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.

By continuing to use the site, you agree to the use of cookies. more information

our website and use of cookies

Your personal information will not be collected if you are only browsing one of our websites but we do use cookies to better tailor our information and our services to meet your needs.

A cookie is a small piece of text that is placed within the memory of a computer and can be later retrieved by web page servers. Cookies are used to enhance your interaction and convenience in using our website and we do not use cookies to record any of your personal information. Cookies may record information about your visit, including the type of browser and operating system you use, the previous site you visited, your server's IP address, the pages you access and the information downloaded by you.

While this anonymous statistical data may be aggregated and used in broader statistical analysis by us and our web monitoring service provider to improve our services, we cannot personally identify you as the source of that data until such point as you provide your personal information to us.

close