Encompass Corporation, Pega team up for KYC processes

Automated KYC solutions provider Encompass Corporation has announced a partnership with Pegasystems (Pega), the digital transformation software.

Via the partnership, mutual clients will be enabled to seamlessly access Encompass data within Pega KYC and Pega Client Lifecycle Management (CLM) applications to facilitate customer onboarding and customer experience.

Moreover, automation from Encompass provides the same processes a human analyst performs but with greater accuracy, consistency, and speed:

• KYC discovery - Encompass automatically unwraps corporate ownership structures, calculates Ultimate Beneficial Ownership, and gathers relevant source documentation from corporate registers, stock exchanges, and regulatory listings to provide the full picture of a customer fast.
• Watchlist screening - Encompass follows the relevant KYC policy to screen individuals and entities for regulatory and reputational risk, including Politically Exposed Persons (PEPs), sanctions, and adverse media, using pre-selected, premium risk data.
• Adverse media - Encompass can perform searches on unstructured adverse media using an organisation’s specific keywords.