Financial institutions must balance regulatory requirements while delivering seamless client experiences. Fast, flawless, and frictionless identity verification is essential for achieving this. However, many banks still struggle with fragmented data, manual processes, and legacy systems. At Encompass, we solve these challenges through Corporate Digital Identity (CDI). Our EC360 platform gives financial institutions a unified 360° […] The post Encompass named category award winner of Corporate Due Diligence in the Chartis FCC50 2025 report appeared first on Encompass Corporation ..read more

Corporate clients today expect a streamlined, efficient, and secure experience when interacting with their financial institutions. However, many banks continue to rely on outdated outreach methods, such as unsecure emails, spreadsheets, and manual follow-ups. These fragmented processes introduce security vulnerabilities, hinder efficiency, and create client frustration, ultimately leading to delays and compliance risks. To align […] The post The urgent need for secure, effortless client outreach appeared first on Encompass Corporation ..read more

Corporate banks face a delicate balancing act – meeting stringent regulatory requirements while delivering a seamless client experience. However, outdated Know Your Customer (KYC) processes for corporate clients continue to be a major obstacle. Unlike the streamlined consumer experience, corporate KYC is often associated with onboarding delays, inefficiencies, and client frustration On the flip side, […] The post Why corporate banks should automate their KYC processes appeared first on Encompass Corporation ..read more

A well-structured Corporate Digital Identity (CDI) operating model is crucial for banks wanting to stay ahead and streamline corporate client identification and verification. This blog outlines the pathway to creating an effective approach to CDI. Highlighting how automation and advanced data processing techniques are critical to the process. The CDI generation process is triggered by […] The post Building an effective strategy for the Corporate Digital Identity lifecycle appeared first on Encompass Corporation ..read more

Transformation is no longer optional for corporate and institutional banking – it is imperative. Banks face mounting pressure to modernize and optimize digital banking strategies. The imperative is clear: do more, with less. They must improve client experiences, enhance operational efficiency, and increase revenue. All while navigating a complex regulatory landscape. Heightened client expectations and […] The post Unveiling the next era of corporate client verification appeared first on Encompass Corporation ..read more

In recent years, digital identity has revolutionized individual banking by providing seamless access to financial services with enhanced security. However, the corporate banking sector has faced more complex challenges. The advent of Corporate Digital Identity (CDI) represents a major opportunity to address these unique needs, offering a scalable, standardized solution for corporate clients. From digital […] The post The journey from digital identity to CDI appeared first on Encompass Corporation ..read more

As financial institutions continue to face rising client expectations and increasing regulatory demands, the need for robust digital transformation has never been greater. One critical element of this transformation is the implementation of Corporate Digital Identity (CDI) systems. CDI, when deployed ahead of, or in parallel with, Client Lifecycle Management (CLM) systems, can significantly improve […] The post How CDI de-risks CLM implementation appeared first on Encompass Corporation ..read more

As we approach the end of 2024, it is clear that anti-money laundering (AML) regulations have undergone significant changes globally. The United States, United Kingdom, European Union, and Financial Action Task Force (FATF) have all made substantial moves to strengthen their AML frameworks. In addition, we are at the end of the 2024 electoral cycle […] The post 2024 AML highlights and the priorities for 2025 appeared first on Encompass Corporation ..read more

Financial institutions face significant hurdles in enhancing their Know Your Customer (KYC) processes. Data inconsistencies, regulatory complexity, and inefficiencies hinder growth and client satisfaction. Transforming KYC: Overcoming challenges and unlocking growth Addressing these challenges requires a transformative approach that prioritizes robust validation and industry-wide standardization for KYC. Overcoming these issues will revolutionize KYC, enabling banks […] The post The case for validation and standardization in KYC appeared first on Encompass Corporation ..read more

For corporate banks, effective Know Your Customer (KYC) relies on having a dependable, accurate, and streamlined data process. However, managing the flow and integrity of client information is challenging. Especially with the complexities of conflicting data sources, redundancies, and stale information. Encompass helps simplify these challenges, ensuring banks optimize KYC data for accurate client validation. […] The post Six key questions on tackling KYC data challenges and optimizing entity management appeared first on Encompass Corporation ..read more