KYC for credit institutions: Efficient and regulatory compliant.
Meet the increasing regulatory requirements without unnecessary effort. With KYCnow, you optimize your processes and relieve the burden on your teams.
Your perfect KYC solution in 30 minutes
These customers already trust KYCnow
Increasing KYC requirements – growing challenges for credit institutions
Credit institutions today face complex challenges: Increasing regulation requires ever more extensive audits, while costs and effort are constantly rising. Large international clients, complex ownership structures, and global compliance requirements further increase the complexity.
Common problems include:
- MManual, time-consuming processes in KYC verification.
- MInefficient systems and fragmented data sources.
- MHigh costs for regulatory requirements that do not create direct added value.
These circumstances not only put a strain on operational processes, but also on the teams of analysts and compliance experts who are entrusted with these tasks on a daily basis.
Why KYCnow is the right choice for your financial institution
With KYCnow, you can master regulatory challenges efficiently and with future-proof security. Our solution is specifically tailored to the needs of credit institutions and supports you in optimizing processes and reducing costs – without compromising security and compliance.
Scalability
Perfectly suited for large international clients and complex ownership structures.
Efficiency
Reduce manual tasks and relieve the burden on your analyst and compliance teams.
Cost savings
Meet regulatory requirements with minimal effort and maximum precision.
Topicality
Stay up-to-date with the latest regulations – with regular updates and automated processes.
Safety
GDPR-compliant data processing and hosting on German servers for the highest standards.
With KYCnow you create the foundation for efficient and future-proof compliance management – and at the same time gain more time for strategic tasks.
The KYCnow solution: Modular and tailored to your needs
KYCnow offers a comprehensive solution specifically designed for the complex requirements of large banks. With state-of-the-art technology and a broad database, KYCnow supports you efficiently and reliably at every stage of the KYC process.
The most important features and modules at a glance:
Basic Information
Obtain fast and accurate master data, information on beneficial owners, interrelationships and intermediate companies – both nationally and internationally.
Transparency Register Interface
Simplify access to and review of entries in the transparency register. Thanks to the interface, you can submit reports quickly and easily.
Name and Adverse Media Screening
Automatically check individuals and beneficial owners against over 1.200 warning and watchlists, PEP and sanctions lists, and for negative news.
International database
Access to data from 68 million natural persons in Germany and 380 million corporate and business customers from 186 countries.
Documents & Information
Direct access to important documents such as register extracts, shareholder lists or credit reports – all from a single source.
Flexibility with API and web frontend
Use the KYCnow platform in whatever way best suits your team – via API or through our user-friendly web frontend.
KYCnow combines the expertise of SCHUFA and fino to offer you a modern, reliable and future-proof solution – perfect for the requirements of banks and credit institutions.
What our customers say
More than 400 companies – including many of Germany's largest banks – already rely on KYCnow to make their KYC processes efficient and secure. As a joint venture of SCHUFA and fino, we offer you unparalleled data quality and direct access to over 380 million international corporate and business customer records, as well as 68 million national personal profiles. Maximum compliance, minimum risk – with KYCnow.
"The collaboration with and implementation of KYCnow has fully met our expectations. This technology fits our needs very well and helps us to offer our business customers an even better banking experience."
Enhance your KYC processes – tailored add-ons for credit institutions
In addition to our central KYC solution, KYCnow offers you a variety of additional services to make your processes even more efficient and to effortlessly meet new regulatory requirements.
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and get to know KYCnow
We can help you with your KYC process. Schedule your free appointment now and get to know KYCnow without obligation.
