Encompass transforms regulatory compliance and customer onboarding for firms with Know Your Customer (KYC) automation. Our advanced technology, unrivaled data coverage and industry expertise help clients to safely grow their businesses and fight financial crime. The Encompass platform reduces the cost of KYC and improves time to revenue by providing KYC due diligence on demand, powered by intelligent process automation. Across the globe, our customers include leading global banks and financial institutions, including Wolfsberg Group members. We have strategic alliances with a range of trusted data, technology and service providers. Encompass was founded in Australia and has offices in New York, London, Amsterdam, Sydney, Singapore, Glasgow and Belgrade.
A full and accurate picture of beneficial ownership is the foundation of effective KYC. Manually building this picture from a plethora of documents and third party data sources, however, is a long, expensive and error-prone process. Encompass’ intelligent process automation conducts live document and data collection, analysis and integration from public and premium sources to bring transparency to complex corporate structures and ultimate beneficial ownership, delivering the most accurate and complete KYC on demand. The full picture of a customer significantly enhances the effectiveness and efficiency of subsequent KYC activities including screening and IDV - both of which can be carried out seamlessly in the Encompass platform if required. All information on a customer, along with supporting documents, is dynamically compiled into a comprehensive, digital KYC profile that Encompass can also monitor for ongoing regulatory risk.
The Encompass platform provides KYC due diligence on demand powered by intelligent process automation. Providing all the information and automation you need to conduct faster, more accurate KYC due diligence and improve the customer experience for your clients. Encompass connects to data from global primary and premium providers covering over 200 jurisdictions. This includes; registries, regulators and stock exchange listings, company data, PEPs and sanctions, adverse media and electronic identity verification data. Simply choose the data sources you want to search as per your existing KYC processes and risk-based approach, plus we can add in any other sources you need to make informed decisions and protect your organization. Our KYC due diligence platform retrieves and integrates data and documents from your trusted sources, automating your existing KYC process to visualize corporate structure and uncover beneficial ownership. Enabling matching and merging of information within a single platform. Creating a digital KYC profile complete with data attributes, source documents and audit trail to evidence regulatory compliance. Conduct corporate due diligence on individual entities or remediate your back book and perform ongoing monitoring to monitor your risk exposure. Flexible delivery options, and a wide range of partnerships, allow integration into your existing workflows and systems. Increase efficiencies in your KYC operations today with the power of automation.