Digitize your KYC process for efficient factoring.

Automated solutions for efficient, secure and sustainable customer verification – with KYCnow.

Find the perfect KYC solution in just 30 minutes.

Making money laundering prevention easy for real estate agents

These customers already trust KYCnow

Factoring and billing companies: lost in the compliance jungle?

As a factoring company or settlement company, you must comply with a wide range of national and international laws and regulations – especially in the areas of anti-money laundering and terrorist financing.

The complexity and constant changes of these regulations require frequent, resource-intensive adjustments and updates to KYC processes.

Obtaining the necessary data – for example, on beneficial owners – also ties up valuable resources and delays collaboration with your (potential) customers. Data is often painstakingly gathered from a wide variety of sources – time that could be better invested.

Have you had enough of it? …

…to chase after every change in the law and only react instead of acting?

…losing potential customers due to overly lengthy onboarding processes?

…increasing the risk of making wrong decisions with inaccurate or outdated information?

…valuable resources in regulatory affairs, instead of wasting them on their actual business?

If you nodded in agreement to these questions, then we have a solution for you.

KYCnow: Your all-in-one KYC tool from Germany

With KYCnow, you gain a speed advantage for your business. Our intelligent solution forms the KYC process fully digital and automated .

From providing all relevant master data to identifying beneficial owners and checking PEP status: with KYCnow, all information is just a mouse click away.

Forget manually searching for data in various sources: KYCnow delivers all your data, prepared and ready to use, on a single platform. You can rely on the quality of the data provided, as it comes from [source missing]. Best-in-class data providers such as SCHUFA Holding AG and Dun & Bradstreet.

KYCnow adapts flexibly to your needs. Thanks to its modular design, you can configure our solution entirely according to your individual requirements. This offers you complete flexibility in your day-to-day business.

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The advantages of KYCnow at a glance

Noticeable increase in efficiency

Accelerate and digitize your KYC process thanks to automated data collection and analysis.

Improved customer relationship

Automating the KYC process significantly simplifies and accelerates the onboarding process for new customers.

All in one solution

All data and documents are obtained directly via KYCnow and can be easily processed further.

High accuracy

You receive the best data from reliable sources, thus reducing the risk of making wrong decisions.

Full flexibility

The platform is modular and can be easily adapted to changing legal requirements or the growth of your company.

Efficient risk management

With KYCnow you work in compliance and minimize the risk of financial penalties and reputational damage.

Our KYC modules at a glance

With KYCnow, you get more than just a platform for the KYC process. Discover all the features that will give your company a competitive edge:

Basic Information

Master data, identification of beneficial owners, interrelationships, intermediate companies, quality assurance information

Documents

Register information, shareholder lists, articles of association

Screening

Sanctions lists, politically exposed persons, embargo, terrorism

Business information

B2B credit reports

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We can help you with your KYC process. Schedule your free appointment now and get to know KYCnow without obligation.

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FAQs

How does KYCnow support factoring companies in complying with the AML and KYC regulations?

With KYCnow, the legally required KYC process can be carried out fully digitally and largely automatically. The platform allows you to collect and evaluate all customer data and determine your due diligence obligations.

The completed KYC file is then stored in an audit-proof manner.

Can KYCnow reduce the risk of payment defaults in factoring transactions?

KYCnow provides clarity about your business partners. Various risks (credit risk, country risk, industry risk, sanctions risk, etc.) are assessed.

How does KYCnow simplify the onboarding process for new debtors at factoring companies?

Onboarding new customers can be very time-consuming – especially if you have to painstakingly gather customer data from various sources and directly from your potential customers.

With KYCnow, we minimize customer outreach and deliver data from public and private sources at the touch of a button. This significantly accelerates and improves your onboarding process.

How does KYCnow adapt to the different legal jurisdictions and legal requirements faced by factoring companies and settlement companies?

With KYCnow, you place your KYC process in the hands of experts. While you focus on your core business, you can rest assured that we will take care of any legal changes within KYCnow.

The advantage lies in the flexible structure of our platform. This allows for rapid adaptation, even in the event of short-notice legal changes.

How does KYCnow support factoring companies in managing and analyzing customer information?

Our mission is: “We make KYC easy so that money laundering becomes difficult.”

In this sense, we strive not only to provide you with information, but also to present it in the clearest and most accessible way possible.

For example, you can benefit from our interconnection graph, which makes your customers' intermediary companies and relationships visible.

With KYCnow you get all the information about your customers in an intuitive and easy-to-use platform – and can therefore access it easily and quickly at any time.