BNP Paribas Heads Funding for Encompass' Digital ID Solution

Published Date : 10/2/2025 

European banking giant BNP Paribas is leading a financing round for Encompass, a provider of corporate identity validation and verification solutions. The funds will be used to enhance Encompass' EC360 Corporate Digital Identity (CDI) platform, which automates KYC procedures and streamlines client onboarding. 

European banking giant BNP Paribas is leading a financing round for corporate identity validation and verification provider Encompass and will deploy its corporate digital identity (CDI) platform. The funding will be used for further development of Encompass' EC360 CDI platform, according to the company announcement.

EC360 provides complete automation of KYC search procedures and serves as a foundation for KYC during onboarding and throughout customer lifecycles. Encompass offers bespoke automation rules for businesses to build CDI profiles in real time.

“The investment from BNP Paribas is a powerful endorsement of the transformational impact of our Corporate Digital Identity technology,” says Wayne Johnson, CEO and co-founder of Encompass Corporation. “This strategic commitment from one of Europe’s most respected financial institutions will help shape the future of client onboarding and digital transformation.”

Encompass positions itself as a trusted partner for financial institutions embracing digital identity as part of data-driven transformation. “This investment reflects our commitment to supporting our clients right from the very first interaction with BNP Paribas, leveraging technology to constantly enhance their experience,” says Boris Leblanc, COO of corporate and institutional banking, BNP Paribas. “By partnering with Encompass, we will use the power of intelligent automation to further streamline onboarding, reduce friction, and deliver a faster, more seamless, and secure client experience across our integrated banking model.”

Encompass works with KYC partners such as Dun & Bradstreet, LexisNexis Risk Solutions, and Pegasystems. The company did not disclose the amount of financing it has received.

BNP Paribas, one of the leading financial institutions in Europe, is known for its innovative approach to technology and digital transformation. This investment in Encompass underscores the bank's commitment to enhancing its digital capabilities and providing a superior client experience through advanced technology solutions. 

Frequently Asked Questions (FAQS): 

Q: What is the EC360 platform?

A: The EC360 platform is a Corporate Digital Identity (CDI) solution provided by Encompass. It automates KYC (Know Your Customer) search procedures and facilitates seamless onboarding and lifecycle management of clients.

Q: Who is leading the funding round for Encompass?

A: BNP Paribas, a leading European banking giant, is leading the funding round for Encompass.

Q: What are the key benefits of the EC360 platform?

A: The key benefits of the EC360 platform include complete automation of KYC procedures, real-time CDI profile building, and enhanced client onboarding experiences, reducing friction and improving security.

Q: How does BNP Paribas plan to use the EC360 platform?

A: BNP Paribas plans to use the EC360 platform to streamline client onboarding, reduce friction, and deliver a faster, more seamless, and secure client experience across its integrated banking model.

Q: Who are Encompass' KYC partners?

A: Encompass works with KYC partners such as Dun & Bradstreet, LexisNexis Risk Solutions, and Pegasystems. 

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