encompass corporation: Spearheading the KYC-AML Automation Movement

encompass prides itself on its partnership with industry-leading data providers across the globe. After all, the quality of data is a crucial factor to meet the demands of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. The encompass solution stack brings to the analyst’s fingertips, adverse news, business and credit data, information from electronic ID, official registries, and industry regulators. The solution leverages AI to enable organizations to make sense of vast layers of unstructured information easily. Be it a multinational company or a startup SME—often the hardest candidate among the lot, to fish out information from—encompass, has it all rounded, and can scale to profile any number of clients. The scalability edge that encompass offers is of particular value when it comes to implementing newer KYC policies across existing client base, which would otherwise turn out to be a huge pain point.

The ease of integration and use is another huge differentiating factor for the encompass stack, which can be appended to existing systems via API or a web interface. Consolidating client data and proof documents, getting to know the whereabouts of shareholders alongside information about their extended relations, capturing audit trails, and obtaining real-time policy progress can be achieved by mere “drags and drops” of the mouse pointer. Furthermore, adverse news instance can be seamlessly linked. Even the whole organizational hierarchy can be visually plotted and scrutinized wherein “color-coded” risk patterns are marked. encompass thus brings KYC and risk assessment to a whole new level, one that embraces speed and guarantees safety for organizations, and imparts transparency into inspections of regulatory authorities. In comparison, organizations can achieve in minutes, what would otherwise have taken them hours or even days for manual research.

Johnson co-founded encompass in Australia during 2012, with Roger Carson, the company’s global financial sales director when, back in the day, the duo found that one of the ventures they supported had criminal ties. They realized the market’s need for a clarity imparting, quicker-result yielding KYC infrastructure. Today, encompass has a strong foothold in the Eurasian region and has expanded its office into multiple locations in the UK. “Our product is always driven by what our customers need. We bring innovations based on the understanding of the business problem that they are facing,” concludes Johnson.