KYC for leasing companies
How MODULAT LEASING with KYCnow saves time and reduces risks
From identifying beneficial owners to transparency register checks: The case study shows how MODULAT LEASING AG makes its KYC processes more efficient, user-friendly and secure with KYCnow.
How KYCnow supports modular leasing in the KYC process
As a leasing company, MODULAT LEASING AG faces the challenge of reliably and efficiently implementing anti-money laundering requirements. Of particular importance are the identification of customers, the determination of beneficial owners, and the traceable documentation of the verification steps.
Prior to the introduction of KYCnow, MODULAT LEASING used a different KYC solution. However, this solution increasingly reached its limits: international investigations were slow or incomplete, the interface was not very user-friendly, and many work steps required manual effort.
Key questions that needed to be answered:
How can beneficial owners be identified more quickly and completely, even in international structures?
How can the KYC process be made more user-friendly and the manual effort reduced?
How can transparency register comparisons and discrepancy reports be integrated directly and transparently into the process?
With KYCnow, MODULAT LEASING found a solution that addresses precisely these requirements: through an intuitive user interface, comprehensive data coverage, integrated checklists and direct connection to the transparency register.
KYC efficiently implemented in leasing
This case study will show you how MODULAT LEASING modernized its KYC processes and what role KYCnow plays in this.
You will gain insights into the initial situation, the specific challenges in the leasing business, and the reasons for choosing KYCnow. Furthermore, the case study demonstrates how the platform provides practical support: from identifying beneficial owners and documentation to transparency register checks.
In addition, you will benefit from regular tips and current news from the areas of KYC, money laundering prevention and compliance as part of our monthly newsletter.
About MODULE LEASING
MODULAT LEASING AG is a provider of customized leasing solutions, specializing in e-bike leasing for companies in Germany. Their primary target group is companies that want to offer their employees flexible and sustainable mobility solutions.
MODULAT LEASING works closely with bicycle retailers to offer attractive deals for employers and employees. The company also offers leasing options in the IT and consumer electronics sectors.
As a leasing company, MODULAT LEASING is subject to anti-money laundering regulations. The internal legal department is responsible for ensuring compliance with relevant regulations and guarantees that KYC processes are implemented cleanly, transparently, and efficiently.
The team behind KYCnow
Efficient KYC processes require more than just individual data queries. A combination of high-quality data, intuitive technology, and regulatory understanding is crucial.
KYCnow supports obliged entities in digitally mapping KYC processes, identifying beneficial owners, conducting transparency register checks, and documenting relevant audit steps in a traceable manner.
Our goal is to relieve the burden on compliance teams, reduce manual effort, and design KYC processes so that they work in everyday operations.