Whitepaper The benefits of KYC process automation
In this ebook learn how banks can benefit from KYC process automation and reduce manual activities. Download to find out more.
KYC automation and digital transformation
Replace inefficient and error-prone manual KYC processes with Corporate Digital Identity (CDI).
Our EC360 CDI platform connects to limitless KYC public data products and accesses live, golden source information and documents which can be combined with private customer information to verify UBOs and populate a complete CDI profile.
Remove spiralling costs and the pressure on inhouse technology teams of managing existing connections and building new data integrations with EC360.
100%
automation
The EC360 platform delivers 100% automation of the KYC search procedure.
What does our configurable KYC automation platform EC360 do?
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Performs standardized searches of your choice of public KYC data sources with our KYC automation technology concurrently, including global registers and premium data sources, to collect live data and source documents.
Normalizes data, dynamically performs entity resolution and applies hierarchy rules, ensuring the fast and accurate retrieval and integration of critical KYC data.
Configures to an organization’s regulatory and business requirements for an effective risk-based approach and consistent KYC.
Key benefits of using EC360
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Faster, more accurate corporate ownership structure construction that reduces outreach and improves client experience
Drive operational efficiency savings with complete CDI profiles of original source documents, audit trail and full data attribute lineage
Reduce regulatory and reputational risks with consistent KYC and policy adherence
EC Public Automation
Watch how our KYC automation and public data collation solution, powered by EC360, helps banks across the world automate manual KYC, easing the burden on KYC operations, reducing task times from hours down to minutes, and enhancing the efficiency and accuracy of KYC processes.
Transform your KYC processes with EC360 and KYC automation
EC360 removes manual research with 100% automation of the KYC search procedure. Deeper customer insight enables more accurate KYC, reducing rework and improving straight through processing (STP). Here are just some of the capabilities of CDI that could create real impact for your organization.
Bespoke automation rules that executes existing KYC policies
Collect required data attributes, dedupe, match and merge data and documents to build out corporate structures and identify UBOs
Conduct searches in parallel to maximize efficiency
Build complete CDI profiles in real-time of original source documents, audit trail and data attribute lineage
Provide the digital baseline for efficient KYC remediation, periodic refresh and perpetual KYC
Integrate with existing tech stack and workflows with the Encompass EC360 API
Beneficial ownership and control, calculated and visualized
Using dynamic KYC process automation and extensive data integrations, EC360 automates the KYC discovery process to provide businesses with a comprehensive view of corporate customers in a fraction of the time.
Discover further product features
Whitepaper Discover corporate digital identity from Encompass