encompass

About encompass

Join the growing list of global banks and financial institutions using our AML and KYC software, including Wolfsberg Group members

The need for KYC automation

Time spent sourcing data and documents
Managing multiple data integrations
Analysts focused on data collation
A single connection to Encompass reduces time spent retrieving data and documents by up to 98%
Enabling customers to refocus analysts on more valuable tasks

Inadequate control of KYC

Unable to demonstrate compliance
Time to implement change
Our intelligent process automation ensures a customer’s preferred process is followed, every time
It’s simple to scale and adapt to respond to regulatory change, fast
With a dynamic regulator ready audit trail included as standard

Incomplete and inaccurate KYC

Incomplete picture of customer
Automating an existing KYC process with Encompass returns more source documents, UBOs and entities
Corporate structures are unwrapped in more detail, empowering KYC decisions and providing a more consistent approach to compliance
With pre-built integrations, Encompass connects organizations to their choice of trusted KYC data sources to perform more accurate KYC due diligence
Encompass builds out the full picture of a customer fast, reducing client outreach and speeding up onboarding
Evolving customer risk profiles
Pace of regulatory change
Maintain risk exposure with perpetual KYC
Digital KYC profiles are continuously monitored and refreshed in line with an organization’s risk appetite, periodically or at alert notification
Encompass reduces the volume of full KYC reviews needed and enables analysts to focus on investigating risks identified,

Perform entity search and run pre-defined policy

Your KYC Analyst creates a profile for an entity in the Encompass platform or via their existing CLM/CRM system with our API integration Our KYC software automatically runs live data searches and document collation against trusted data sources, aligned with your pre-defined compliance policies and processes

Identify ultimate beneficial owner

Easily visualize and unwrap the corporate structure to discover the ultimate beneficial owner (UBO)

Entities identified in the ownership structure are screened against global Politically Exposed Persons (PEP), sanctions and adverse media data

Cross-check documents, match and merge data

Data is deduped and merged automatically, reducing the KYC Analyst’s workload Documents are presented back to cross-check and conduct follow-on searches where extra investigation is required

Every action taken and the information origin in your KYC due diligence activity is recorded within Encompass, automatically building an audit trail to evidence AML compliance

A full digital KYC profile is produced, complete with source documents and audit trail, available for the Analyst to share or download as required