KYC for FinTech companies and challenger banks

Encompass replaces manual discovery and batch screening with real-time Corporate Digital Identity profiles, enabling continuous, data-driven risk assessment across the client lifecycle. This enables FinTechs to automate onboarding and KYC reviews, and maintain continuous KYC compliance across jurisdictions.

Yes. With access to trusted public data sources across 200+ jurisdictions, Encompass supports safe international growth while maintaining alignment with global anti-money laundering regulations. Client data can also be refreshed in bulk and at scale on demand with EC Review.

Basic tools focus on identity checks. Encompass delivers full corporate digital identity that brings together both public and private data. Includes automated UBO mapping, ongoing monitoring and regulator-ready audit trails — purpose-built for regulated financial institutions.

Yes. EC360 integrates with CLM, CRM, and banking core platforms, including Pega, and Capgemini’s pKYC Catalyst.

When selecting a KYC provider, challenger banks should prioritize real-time data access, data normalization, standardization and entity resolution, automated ownership mapping, continuous monitoring and full auditability. The right solution should integrate seamlessly into existing CLM and CRM systems while supporting a risk-based approach aligned with anti-money laundering regulations designed to combat money laundering and terrorist financing. Encompass delivers all of this through dynamic Corporate Digital Identity (CDI) with EC360.

Encompass helps challenger banks meet anti-money laundering (AML) obligations and strengthen their defences against illicit financial activity by automating customer due diligence, UBO verification, PEP and sanctions screening and ongoing monitoring in real time. Through dynamic Corporate Digital Identity (CDI) profiles, fintechs can apply a risk-based approach — allocating enhanced scrutiny to higher-risk customers while streamlining reviews for lower-risk segments. This enables institutions to demonstrate regulatory compliance, identify financial crime and financial fraud risks earlier, reduce manual investigations and maintain continuous oversight as they scale.

As challenger banks expand into new markets and onboard customers at speed, compliance challenges increase — from managing complex ownership structures to meeting evolving AML regulations. Encompass helps fintechs address these challenges by automating the refresh of client data and KYC onboarding, enabling real-time risk monitoring and maintaining fully auditable Corporate Digital Identity (CDI) profiles. This allows institutions to scale confidently while staying regulator-ready.

Faster onboarding times depend on automating identity verification, ownership mapping and risk monitoring. Manual KYC processes create delays and customer drop-off. Encompass enables faster onboarding by delivering accurate client data with real-time Corporate Digital Identity (CDI) profiles that streamline due diligence and reduce outreach while maintaining full regulatory compliance.

As challenger banks grow, their risk factors increase, particularly when onboarding new customers across jurisdictions or serving higher-risk segments. Encompass helps reduce risk exposure by automating KYC discovery, verifying customer identity, mapping UBO structures, and continuously monitoring PEP and sanctions data in real time. Through dynamic Corporate Digital Identity (CDI) profiles and full audit trails, fintechs gain clear visibility into customer risk while ensuring compliance with regulatory requirements.

Yes. While Encompass is purpose-built for challenger banks and fintechs, the platform also supports corporate and investment banks, business and commercial banks and other financial institutions operating in complex, regulated environments. Encompass delivers scalable, audit-ready KYC information and AML controls designed to support both high-growth institutions and established banking organizations.