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Bits Technology vs. Encompass CDI Platform

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bits Technology
Score 0.0 out of 10
Mid-Size Companies (51-1,000 employees)
Bits Technology offers a full suite for the entire of compliance lifecycle that enables fintechs and financial institutions to stay compliant while scaling their business. Built with a modular, API-first architecture, Bits abstracts away the complexity of building core financial services, such as payments, accounts, cards, and lending etc. The platform includes automated workflows for KYC, AML, onboarding, a built-in regulatory risk engine, and case management, while a unified data layer…N/A
Encompass CDI Platform
Score 8.3 out of 10
N/A
Encompass offers automation capabilities and access to global data sources. Their know your customer (KYC) and anti-money laundering (AML) platform empowers organizations to streamline time-consuming KYC processes and demonstrate AML compliance, from UBO verification and KYC remediation to Politically Exposed Persons (PEP), sanctions and adverse media screening.N/A
Pricing
Bits TechnologyEncompass CDI Platform
Editions & Modules
Starter
Contact Sales
per month per installation
Growth
Contact Sales
per month per installation
Enterprise
Contact Sales
per month per installation
No answers on this topic
Offerings
Pricing Offerings
Bits TechnologyEncompass CDI Platform
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details——
More Pricing Information
Best Alternatives
Bits TechnologyEncompass CDI Platform
Small Businesses
ChurnZero
ChurnZero
Score 8.7 out of 10
ChurnZero
ChurnZero
Score 8.7 out of 10
Medium-sized Companies
ChurnZero
ChurnZero
Score 8.7 out of 10
ChurnZero
ChurnZero
Score 8.7 out of 10
Enterprises

No answers on this topic

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
Bits TechnologyEncompass CDI Platform
Likelihood to Recommend
-
(0 ratings)
9.0
(1 ratings)
User Testimonials
Bits TechnologyEncompass CDI Platform
Likelihood to Recommend
Bits Technology
No answers on this topic
Encompass Corporation
Encompass is great for pre-qualifications since you can play with the numbers but it's not user friendly when filling out separate program documents. I have different forms to fill out for VA vs Conventional and it's hard to remember if I'm missing any.
Verified User
Anonymous
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Pros
Bits Technology
No answers on this topic
Encompass Corporation
  • Alerts - those are great when you forget to do something
  • Branch Resource Center - shows you what is missing as well
  • Top banner - showing the loan in a snapshot
Verified User
Anonymous
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Cons
Bits Technology
No answers on this topic
Encompass Corporation
  • For VA loans - it would be great if those forms were completely separate or in a folder
  • Have the fico score at the top of the banner (snapshot of loan)
  • 2015 - remind us when a possible fee is missing
Verified User
Anonymous
Read full review
Alternatives Considered
Bits Technology
No answers on this topic
Encompass Corporation
I can't remember if Calyx Point was better then Encompass because I haven't used it in over 10 years. I selected Encompass because the company uses it.
Verified User
Anonymous
Read full review
ScreenShots

Bits Technology Screenshots

Screenshot of the Onboarding workflow. Bits Technology offers a no-code onboarding solution designed to streamline and customize the customer onboarding process without requiring any coding expertise. Their platform features a workflow builder, allowing businesses to craft tailored onboarding processes with adaptable checks suitable for multiple markets, ensuring both compliance and efficiency.Screenshot of Ongoing Due Diligence Bits Technology's Ongoing Due Diligence (ODD) solution offers businesses a proactive approach to understanding and verifying individuals and entities. Key features include daily data updates, customizable monitoring rules, and advanced technologies to enhance operational efficiency. ODD supports strategic decision-making, ensures regulatory compliance, and strengthens risk management.Screenshot of AML Risk score Bits Technology's AML Risk Scoring solution enables businesses to create customizable risk models, assigning specific scores and weights to various factors. The platform supports global models with market-specific configurations, ensuring compliance across regions. Users can preview and adjust models before implementation, facilitating informed decision-making.Screenshot of Case management system Bits Technology's Case Management System (CMS) serves as a centralized hub for managing customer data and related tasks. It offers features like assigning team members, setting priorities, and tracking activities through an audit trail. The platform provides access to comprehensive data, including financial information and PEP and sanction checks. The CMS reduces manual tasks and optimizes case handling time.