Need further assistance? Visit Support Centre
Increasing regulation, inconsistent onboarding practices and heightened regulatory scrutiny are creating an unmanageable Know Your Customer (KYC) remediation and refresh workload.
Regulators expect KYC files to be up to date and in line with an organization’s global KYC policies, but manual processes cannot keep up with the pace of regulatory change. Automating KYC remediation and refresh processes ensures organizations can quickly and easily perform remediation to achieve compliance faster and mitigate regulatory and reputational risk.
Outsourcing remediation projects or employing teams of analysts to manually review and refresh KYC files is costly and unscalable. The Encompass dynamic KYC process automation platform significantly reduces the cost by automating costly manual processes. Data and documents are collated via Encompass and matched and merged, which increases straight through processing (STP) and enables skilled analysts to focus on exception management.
Delays in KYC remediation and refresh can result in disruptions in customer transactions and relationships. Repeat and unnecessary requests for information often publicly available cause customer friction. Encompass streamlines information gathering and analysis to significantly reduce the time taken to complete KYC refresh and remediation and maintain regulatory compliance.
Customer profiles created at onboarding are simple to review. Removing the need for KYC to start again and providing significant efficiency gains.
A bulk processing functionality makes it quick and easy to upload all customer KYC data for remediation and refresh, wherever it resides.
Ensure each KYC record is completed consistently to the standard of the relevant policy for different customer segments, in line with a risk-based approach.
Encompass creates real-time audit trails to record every search and action taken, complete with source documents and full data attribute lineage.
Complete and accurate digital KYC profiles provide critical information in real-time and deep customer insight to grow your business and enhance the customer experience.
On DemandWebinar
Global executive roundtable
Identity innovator series
Rethinking corporate banking with CDI
StockholmMay 14th, 2025
LondonMay 21st, 2025
New YorkMay 29th, 2025
FrankfurtJune 17th, 2025
Register your interest
Seating is limited. By completing this form, you are expressing your interest in attending. A confirmation email will be sent to you separately once your spot is secured.