KYC processes reimagined for cooperative banks
With KYCnow and its integration into your banking systems, you can make KYC checks, corporate customer onboarding and advisory processes more efficient than ever before.
Your individual solution in just 30 minutes.
These customers already trust KYCnow
Efficient corporate banking begins with smart KYC processes.
Corporate banking within the cooperative financial group faces particular challenges: increasingly complex regulations, rising administrative burdens, and the expectation of rapid, digital onboarding present banks with significant tasks. However, it's not just new business clients that need to be vetted – existing clients also require continuous attention.
To comply with legal requirements such as the Money Laundering Act (GwG), customer data must be regularly updated and checked for potential risks. Especially with existing customers, this is often a resource-intensive process that is difficult to manage manually.
But how can these challenges be overcome efficiently? The key lies in automated, digital solutions that simplify both the onboarding of new customers and the updating and monitoring of existing customers. This streamlines processes, ensures compliance, and simultaneously creates a seamless customer experience.
Mastering the digitalization of your corporate customer business together.
Mastering the digitalization of your corporate customer business together
To successfully master the challenges of corporate banking, strong partnerships and innovative solutions are essential. This is precisely where the collaboration between KYCnow powered by SCHUFA, BMS Corporate Solutions, and Atruvia comes in.
With the digital application process and the consultant workspace solution in the BankingWorkspace, the Cooperative Financial Group offers powerful tools that accelerate corporate customer processes, make them legally compliant and relieve the burden on your consultants.
This partnership combines the comprehensive data and technology offerings of KYCnow and SCHUFA Holding AG with the technical and professional expertise of BMS Corporate Solutions and Atruvia – specifically for cooperative banks. Together, we design efficient, digital KYC solutions that are precisely tailored to your needs.
What our customers say
More than 400 companies – including some 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.
"By integrating KYCnow, our banks can complete the account opening process for new corporate clients 70% faster."
Efficient corporate customer processes for cooperative banks
Digitalization is also impacting corporate banking. With the processes "Corporate Account Opening" and "Corporate Customer Onboarding," cooperative banks are taking their corporate banking business to a new level.
Account opening for corporate clients
The digital application process for opening a corporate account enables cooperative banks to make the onboarding process for business customers more efficient and modern. The solution not only offers a seamless user experience but also meets all regulatory requirements, such as the German Money Laundering Act (GwG).
- Real-time access to registry data: The process automatically accesses current registry information and makes it available seamlessly.
- AML-compliant identification procedures: Customers can choose between different identification methods, including video identification, eID or the bank identification procedure.
- Automated pre-check: Important company data is automatically pre-filled to simplify the application process for customers and employees.
- Reduction of manual tasks: Thanks to the integration with agree21API, customer management and other work steps are fully automated.
onboarding corporate clients
The consultant solution in BankingWorkspace revolutionizes the onboarding process for corporate clients. Consultants receive a powerful tool that enables fast, legally compliant, and transparent processing – directly integrated into their workflows.
- Real-time access to registry data: Automatic access to over 200 national and international registry databases enables fast and reliable retrieval of company information.
- Pre-filled company data: Initial data such as legal representatives and beneficial owners are automatically inserted and verified, thus reducing manual effort.
- Data completeness check: Inconsistencies in the entries are detected in real time and corrected directly – for a clean and legally compliant onboarding process.
- Flexibility and integration: The solution is directly available in the BankingWorkspace and can be seamlessly integrated into existing sales and customer processes.
Further processes and functions are already being planned to continue providing optimal support to the Cooperative Financial Group.
That's why over 65 cooperative banks already trust us.
on KYCnow
Save time every time you open an account.
Thanks to automated KYC processes, you can save up to 73 minutes on account opening for sole proprietorships and even 84 minutes for legal entities. Less work for your employees – more time for your business clients.
Act in compliance with the law and safely
Automated checks ensure that you easily comply with all regulatory requirements such as the Money Laundering Act (GwG) – quickly, transparently and reliably.
Simpler processes, happier customers
Accelerated account openings and digital workflows offer a seamless experience for your customers. The result: more satisfied customers and more motivated advisors.
KYCnow – Your platform for modern KYC management
With its integration into the core banking system of the Cooperative Financial Group, made possible through collaboration with BMS Corporate Solutions and Atruvia, Volksbanken and Raiffeisenbanken have a future-proof solution at their disposal. However, not every process can be handled exclusively via the core banking system. For additional requirements and maximum flexibility, our KYCnow platform is available as a web-based front end.
These features support your KYC processes:
join Book a meeting and learn about solutions
Discover how digital solutions for the Cooperative Financial Group – from corporate client onboarding to the advisor solution in the BankingWorkspace – can make your processes more efficient and future-proof. Schedule your free consultation now – specifically for Volksbanken and Raiffeisenbanken.
