Accuity, Encompass team up for KYC risk assessments

Thursday 23 July 2020 10:16 CET | News

Accuity and Encompass Corporation have announced a strategic partnership to help customers streamline KYC processes, facilitate the quality of risk assessments, and reduce the costs of compliance.

The partnership with Encompass will help Accuity to create a new solution that allows clients to facilitate customer due diligence by performing a KYC risk assessment at the point of onboarding or periodical review in a single search.

79% respondents of a KYC survey conducted by Accuity revealed that they see automating data and workflow processes to save time as a priority. Manual KYC processes consume time, are prone to error, and undermine risk scoring decisions, however this partnership will allow Bankers Almanac: Counterparty KYC customers to automate the collection of ultimate beneficial ownership and screening list information, enabling auditable risk decisioning, Fintech Finance reveals.

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Keywords: Accuity, Encompass Corporation, partnership, KYC, risk assessments, financial crime screening, risk decisioning, onboarding, due diligence
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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