Looking to implement or upgrade Encompass?
Schedule a Meeting
KYC Automation

Encompass

AI-powered KYC and compliance automation for financial institutions

ISO 27001
Schedule a Meeting
Category
Software
Ideal For
Financial Institutions
Deployment
Cloud
Integrations
None+ Apps
Security
Multi-factor authentication, encryption, audit trails, role-based access control, data residency compliance
API Access
Yes - REST API for third-party integrations and custom workflows

About Encompass

Encompass is an advanced SaaS platform that automates Know Your Customer (KYC) processes and customer due diligence (CDD) for financial institutions and regulated businesses. By leveraging artificial intelligence and machine learning, Encompass gathers and analyzes customer data from multiple global sources in real time, enabling organizations to streamline compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The platform reduces manual data collection and verification, minimizing human error while accelerating onboarding cycles. Financial institutions benefit from improved operational efficiency, reduced compliance costs, and enhanced regulatory adherence. When deployed through AiDOOS, Encompass enables seamless scalability, flexible governance through customizable workflows, and optimized integration with existing banking infrastructure and compliance systems. Organizations can rapidly implement compliance-ready operations without extensive IT overhead.

Challenges It Solves

  • Manual KYC processes create bottlenecks and slow customer onboarding
  • Fragmented data sources increase compliance risk and regulatory violations
  • High operational costs associated with manual due diligence and monitoring
  • Difficulty maintaining real-time compliance with evolving global AML/CTF regulations
  • Inconsistent application of compliance rules across customer segments

Proven Results

64
Reduction in customer onboarding time
48
Decrease in manual compliance review costs
35
Improvement in regulatory compliance accuracy

Key Features

Core capabilities at a glance

AI-Powered Customer Verification

Instant identity verification across global sources

Verify customer identity in seconds with 99%+ accuracy

Real-Time Screening & Monitoring

Continuous watchlist and sanctions screening

Identify high-risk customers before account activation

Multi-Source Data Integration

Aggregates data from thousands of global databases

Access 5000+ data sources in single platform

Automated Risk Assessment

ML-driven risk scoring and classification

Classify customers by risk level automatically

Regulatory Reporting & Audit Trails

Complete compliance documentation and history

Generate regulatory reports in minutes, not days

Customizable Workflow Engine

Adapt processes to specific compliance requirements

Configure workflows without technical development

Ready to implement Encompass for your organization?

Schedule a Meeting

Real-World Use Cases

See how organizations drive results

Customer Onboarding Acceleration
Banks use Encompass to automate new account opening processes, verifying customer identity and conducting due diligence in real time. This reduces onboarding time from days to minutes while maintaining full regulatory compliance.
72
Reduce onboarding time by 80% or more
Enhanced Due Diligence (EDD)
Financial institutions conduct thorough due diligence on high-risk customers and beneficial owners using automated data gathering and analysis. Encompass aggregates complex ownership structures and sources of funds automatically.
58
Complete EDD assessments 5x faster
Ongoing Transaction Monitoring
Organizations monitor customer transactions and behavior patterns continuously to detect suspicious activity. AI algorithms identify anomalies and flag potential AML violations for human review.
67
Detect suspicious transactions in real time
Sanction and Watchlist Screening
Encompass screens customers and beneficial owners against global sanctions lists, PEP databases, and adverse media sources. The platform updates screening lists multiple times daily to catch new sanctions.
79
Eliminate false positive compliance alerts
Cross-Border Payment Verification
Payment processors and international banks verify counterparties for cross-border transactions, confirming legitimacy and compliance status before processing high-value transfers.
64
Reduce payment processing delays significantly

Integrations

Seamlessly connect with your tech ecosystem

S

Salesforce

Explore

Embed KYC data and compliance status directly into Salesforce CRM for unified customer view

M

Microsoft Dynamics

Explore

Integrate customer verification results with Dynamics for seamless CRM synchronization

T

Temenos T24

Explore

Native integration with major banking core systems for automated compliance workflows

F

FiserV

Explore

Connect to FiserV banking platforms for real-time compliance screening

S

SAP SuccessFactors

Explore

Link compliance verification with enterprise HR and risk management systems

S

Slack

Explore

Receive compliance alerts and monitoring notifications directly in Slack channels

T

Tableau

Explore

Create advanced compliance dashboards and regulatory reporting visualizations

R

REST API

Explore

Custom API integration for specialized banking systems and legacy platforms

Implementation with AiDOOS

Outcome-based delivery with expert support

Outcome-Based

Pay for results, not hours

Milestone-Driven

Clear deliverables at each phase

Expert Network

Access to certified specialists

Implementation Timeline

1
Discover
Requirements & assessment
2
Integrate
Setup & data migration
3
Validate
Testing & security audit
4
Rollout
Deployment & training
5
Optimize
Performance tuning

See how it works for your team

Schedule a Meeting

Alternatives & Comparisons

Find the right fit for your needs

Capability Encompass Trading Technologie… Alpaca Trading BlackRock Aladdin
Customization Excellent Excellent Excellent Excellent
Ease of Use Good Good Good Good
Enterprise Features Excellent Excellent Good Excellent
Pricing Fair Fair Excellent Fair
Integration Ecosystem Excellent Excellent Good Excellent
Mobile Experience Good Fair Fair Good
AI & Analytics Excellent Excellent Good Excellent
Quick Setup Good Good Excellent Fair

Similar Products

Explore related solutions

Trading Technologies (TT)

Trading Technologies (TT)

Trading Technologies (TT) is a leading professional trading platform that provides high-performance…

Explore
Alpaca Trading

Alpaca Trading

Alpaca Trading is a commission-free trading platform and API-first brokerage that provides develope…

Explore
BlackRock Aladdin

BlackRock Aladdin

BlackRock Aladdin (Asset, Liability, Debt, and Derivative Investment Network) is a comprehensive in…

Explore

Frequently Asked Questions

How does Encompass ensure real-time compliance with changing regulations?
Encompass continuously updates its rules engine and watchlists multiple times daily, automatically reflecting new AML/CTF regulations, sanctions lists, and adverse media. The AI model adapts to regulatory changes without manual reconfiguration.
Can Encompass integrate with our existing banking systems?
Yes. Encompass offers native integrations with major banking platforms (Temenos, FiserV) and provides REST APIs for custom implementations. AiDOOS deployment ensures smooth integration with minimal IT overhead.
What data sources does Encompass use for verification?
Encompass aggregates data from 5000+ global sources including government databases, sanctions lists, PEP registries, credit bureaus, corporate registries, and adverse media outlets for comprehensive customer verification.
How much does Encompass cost?
Encompass operates on a subscription model with pricing based on transaction volume, customer base size, and specific compliance requirements. Contact the sales team for custom quotes tailored to your institution's needs.
Is Encompass suitable for smaller financial institutions?
Yes. Encompass scales from small fintech companies to large banks. AiDOOS enables flexible deployment options allowing smaller institutions to access enterprise-grade compliance automation affordably.
What compliance certifications does Encompass maintain?
Encompass holds ISO 27001 certification and complies with GDPR, CCPA, and major financial regulatory frameworks. The platform undergoes regular security audits and penetration testing.