KYCnow

KYCnow, developed by ClariLab, is a platform that aims to streamline the Know Your Customer (KYC) process for banks and other obligated entities. According to the vendor, KYCnow ensures compliance with legal requirements and offers automation capabilities. It is designed to cater to businesses of various sizes and is used by professionals in the banking and insurance sectors, real estate agents, leasing and factoring companies, as well as those involved in business partner screening.

Key Features

Stammdaten und wirtschaftlich Berechtigte: According to the vendor, KYCnow provides necessary master data and information on beneficial owners, including risk aspects such as industry or country. It incorporates data from non-profit companies and non-HR companies, and offers detailed information on legal representatives and beneficial owners, including identity verification.

SCHUFA Voll-, Kompakt- und Kurzauskunft auf einen Blick: The vendor states that KYCnow offers different levels of information depth depending on the specific business transaction. Users can choose between SCHUFA Kurz-, Kompakt-, and Vollauskunft to access the appropriate level of information.

Automatisierter Transparenzregister-Prozess: KYCnow aims to automate the process of integrating with the Transparency Register, saving time and effort. According to the vendor, it ensures compliance by automatically reconciling, reporting, and invoicing functions, while keeping up with any changes in the Transparency Register or legislation.

Nachweisunterlagen – Dokumente öffentlichen Glaubens: KYCnow allows users to access and analyze publicly certified documents related to a company, such as commercial register extracts, shareholder agreements, and shareholder lists.

Compliance und Name-Screening: According to the vendor, KYCnow conducts checks on all individuals involved in a company's network, including beneficial owners, relevant persons, and intermediate companies. It screens against international PEP (Politically Exposed Persons), sanctions, blacklists, and watchlists. Users can select individuals to be screened and review matches with information on hit rate, specific list, and held office.

Media-Screening – Auffälligkeiten im Netz: KYCnow conducts a search for a company's web presence, cross-checks with the imprint, evaluates articles and news, and verifies the online presence of beneficial owners. According to the vendor, this feature supports risk assessment and reputation damage prevention.

Verflechtungsgraph – Darstellung der Eigentümer- und Unternehmensstruktur: KYCnow aims to analyze and present both upward and downward company linkages, including shareholdings according to the shareholder list. It displays intermediate companies and allows easy transfer of unknown companies from the linkage graph to a separate record.

AFC-Index: According to the vendor, this feature provides information on the category in which the customer currently falls and will move in terms of due diligence obligations. It determines whether enhanced due diligence or general due diligence is required based on the AFC-Index, allowing each financial institution to choose its risk appetite and risk rating.

Automatisches Befüllen von Unternehmensdaten: KYCnow aims to gather all information about business customers, including SCHUFA, Bundesanzeiger, or commercial register data. It also collects customer documents, which can be securely uploaded online by the customer if necessary.

Online-Verifizierung des Vertretungsberechtigten: This feature allows customers to view and edit their company data through the associated application process. According to the vendor, it offers online verification to prove the identity of the authorized representative and includes KYC questions for the customer without any effort from the user.