KYC/KYB software for
AML Compliance
Regpit digitizes KYC and KYB processes for financial institutions, law firms, and other entities obligated under the German Money Laundering Act (GwG): identification, register checks in 100+ countries, daily PEP and sanctions screenings, and risk assessment all in one central dashboard.
Automated verification processes, seamless onboarding, full compliance
How KYC/KYB Software works
The KYC/KYB Solution from Regpit digitalizes the entire Know Your Customer/Business process: Identities are collected automatically, relevant documentation is verified, and screening is conducted against PEP and sanctions lists. An integrated risk assessment enables the legally compliant categorization of all business partners and is fully AML-compliant.
Request a quoteDigital onboarding and automatic data prefilling
Flexible onboarding processes for all legal forms, from individuals to limited liability companies, associations and international legal entities.
- Optimized user experience for you and your contractual partners
- Significant time savings in the onboarding process
- Real-time access to data from registers
Create onboarding questionnaires
Customized onboarding queries for all legal forms, from natural persons to limited liability companies.
- Optimized user experience for end users
- Significant time savings in the onboarding process
- Always access the latest and correct data
Automatically retrieve register documents
Commercial register extracts, transparency registers and much more are provided automatically.
- Receive documents directly from the register in real time
- Over 300 available registers
- Data from over 100 countries directly from the registers
Maximum flexibility
Connection via REST API: Flexible and customizable. Integrate your CRM, design queries as required and customize content at any time.
- Create landing pages in your design
- Organize workflows according to your requirements
- Customize questionnaires and workflows to suit your needs
Identification of ownership and control structures through charts
Ownership structures are transferred from the existing registers in order to better understand ownership and control structures.
- Simple verification of the beneficial owners
- Determination of ownership and control structures in charts
Your KYC/KYB Solution from a single source
Our digital KYC/KYB Solution automates your audit processes, reduces manual effort and ensures full AML compliance.
With Regpit, you’re on the safe side.
Book a demoAutomatic check for politically exposed persons, sanctions and adverse media
Stay up to date with checks on politically exposed persons, sanctions lists and negative media reports. Your customers and beneficial owners can be automatically checked against PEP and sanctions lists.
KYC report and risk assessment
The Regpit KYC Solution is used to create automated KYC reports. Perfect for supervisory documentation.
- Overall risk of the business relationship
- Specific customer risks, country risks, transaction risks, product and service risks
- All relevant documents in the appendix (e.g. ID card, register data)
- Audit-proof documentation and exportable
All functions in a KYC Software
AML audit of companies
- Automated query of commercial register and transparency register
- Automatisierte Ermittlung von wirtschaftlich Berechtigten
- Automated risk report
- 100% Audit-proof german MLA report
AML check of persons
- ID verification via video ID, e-ID or other AML-compliant procedures
- Check for politically exposed persons, sanctions & adverse media
- Automated risk report
- 100% Audit-proof german MLA report
KYC processes from the very first case
All KYC procedures verify the respective person, generate a KYC report with risk classification, and document every step in a legally compliant manner. Use is possible from just a single case onwards.
From 4,50€
Natural person
(National/International)
- Quick creation of a structured profile
- Digital onboarding process
- PEP and sanctions screening
- Adverse media
- Automated risk report (PDF)
- Audit-proof documentation
From 11,50€
Legal person
(National)
- Quick creation of a structured profile
- Digital onboarding process
- Automatic prefill of questionnaires
- Automated queries of commercial and transparency registers
- Automated Ownership and Control Structure Chart / Ultimate Beneficial Owners (UBOs)
- PEP and sanctions screening
- Adverse media
- Automated risk report (PDF)
- Audit-proof documentation
From 7,50€
Legal person
(International)
- Quick creation of a structured profile
- Digital onboarding process
- Automated queries of 300+ registers worldwide
- Access to 120 million company records
- PEP and sanctions screening
- Adverse media
- Automated risk report (PDF)
- Audit-proof documentation
Take a closer look at how the Regpit platform works
Book a demoOne platform.
All AML Compliance Functions.
Choose with complete flexibility: individual modules or tailored combinations, complemented by personalized expert services.
KYC/KYB Solution
Fully digital onboarding with automated PEP and sanctions screening, UBO identification, and company registry extracts, all fully audit ready.
Learn moreIdent Solution
Identify individuals securely through Video Identification, eID, Bank Account Identification, in person, or electronic signature. Fully compliant with the German Anti-Money Laundering Act and ready to use without any IT implementation.
Learn moreMonitoring Solution
Continuous monitoring of sanctions lists, PEPs, and adverse media. Changes are detected instantly and displayed as real time alerts.
Learn moreE-Learning Solution
Train employees efficiently while staying compliant with regulatory requirements. Includes knowledge assessments and audit ready certificates of completion.
Learn moreWhistleblowing Solution
Whistleblowing system compliant with the German Anti Money Laundering Act and the German Whistleblower Protection Act. Ready to use instantly with end to end encryption to protect both whistleblowers and organizations.
Learn moreAll Modules. One Platform.
See how Regpit automates your compliance processes in a personalized demo.
Book a demoExternal Money Laundering Reporting Officer (MLRO)
We take over the role of your Anti Money Laundering Officer, including regulatory reporting, risk assessments, and communication with supervisory authorities.
Learn moreExpert Support
Direct access to experienced AML experts for complex cases, suspicious activity, and regulatory compliance.
Learn moreWorkshop EU-AML-VO
Hands on workshop on the new EU Anti Money Laundering Regulation, designed to prepare your team for the upcoming regulatory requirements.
Learn moreExpert Support.
Whether you need outsourced AML services, expert advice, or training, we’ll help you find the right solution for your organization.
Get in touchCompliance that works.
From day one.
See how Regpit automates your compliance processes in a personalized demo.
- Ready in minutes
- No IT implementation required
- GDPR compliant with EU based hosting
Frequently Asked Questions (FAQ)
What does KYC mean?
"KYC" is the abbreviation for "Know Your Customer".
The term describes regulatory auditing obligations that companies must fulfil as part of money laundering prevention, including identity checks or, in the case of corporate customers, company audits and the identification of beneficial owners as well as risk assessments.
What is KYC?
KYC stands for "Know Your Customer" and refers to the legally required identification and verification of customers.
As part of KYC, companies must establish the identity of their customers in order to prevent money laundering and terrorist financing. This includes, for example, ID checks, obtaining register documents, checking for politically exposed persons and risk assessments.
What is KYC data?
KYC data is personal and business-related information that is collected as part of the identification process to prevent money laundering.
This includes, for example, name, date of birth, address, ID data, beneficial owners in the case of legal entities and information on the origin of funds or risk classification.
What is a KYC procedure?
A KYC procedure describes the entire verification process for the identification and risk assessment of customers.
It includes steps such as data collection, document verification, comparison with sanctions and PEP lists and categorisation into risk classes, all with the aim of preventing money laundering and terrorist financing.
Who is obliged to take the KYC test?
All companies and professional groups that are subject to the Money Laundering Act (GwG) are obliged to carry out KYC checks.
It includes steps such as data collection, document verification, comparison with sanctions and PEP lists and categorisation into risk classes, all with the aim of preventing money laundering and terrorist financing.
What is money laundering?
Money laundering refers to all activities intended to conceal the illegal origin of assets. The aim is to make criminally acquired money, for example from fraud, drug trafficking or corruption, appear "clean" through transactions or investments and to channel it into the legal economic cycle.
The process typically takes place in three phases: Injection, concealment and integration. Money laundering is a criminal offence and is combated by the Money Laundering Act (GwG) and international regulations to protect the integrity of the economy and the financial system.
What is a politically exposed person (PEP)?
A politically exposed person (PEP) is a person with important public functions who therefore carries an increased risk of corruption.
These include, for example, members of government, members of parliament, judges of high courts, ambassadors or executives of state-owned companies. Family members and close business partners are also considered PEP-affiliated persons.
What does "legal representative" mean?
A legal representative is a person who is authorised by law to make legally binding decisions on behalf of another person or a company.
In the corporate context, this is usually the management, the board of directors or another person authorised to represent the company according to the commercial register. In the case of minors or legally incapacitated persons, it is e.g. parents or court-appointed carers.
Legal representatives must be identified and verified as part of KYC or AMLA audits.
What is the MLA?
"GwG" stands for Money Laundering Act: a central law for the prevention of money laundering and terrorist financing in Germany.
The AMLA sets out obligations for so-called obliged entities, including identity checks (KYC), risk analyses, suspicious activity reports, training and internal security measures. It is based on the EU Money Laundering Directives.
What is a KYC tool and how does it work?
A KYC tool helps companies to carry out legally required identification processes efficiently. It automatically collects relevant customer data, checks ID cards, compares information with sanctions and PEP lists and documents all steps in an audit-proof manner.
How can I recognise a good KYC tool?
You should pay attention to this when choosing a KYC tool:
A good KYC tool is legally compliant, easy to use, flexible to integrate and scalable. It should cover all relevant procedures (e.g. video ID, eID), automatically check and transparently highlight risks.
How does a KYC process with Regpit work?
Regpit offers a fully digital customer journey: from identification and risk assessment to the final risk report. Users select the appropriate procedure, upload documents or verify themselves via video ID; the process is intuitive and MLA-compliant.
Why is KYC mandatory for my company?
The Money Laundering Act (GwG) obliges certain professional groups and companies to identify their customers. The aim is to recognise illegal money flows at an early stage and prevent misuse.
What data must be collected by the KYC?
Depending on the type of contracting party (natural or legal person), the name, date of birth, address, identification documents and beneficial owners must be recorded. In the case of companies, extracts from the commercial register, authorised representatives and ownership structure must also be recorded.
Can I use the Regpit KYC tool without an IT setup?
The Regpit platform is completely web-based. Companies do not need any implementation or special infrastructure; after logging in, the KYC check can be started immediately.
How does the Regpit KYC tool differ from traditional solutions?
Regpit combines regulatory expertise with modern technology. In contrast to stand-alone solutions, the platform offers a modular, legally compliant overall system with a high level of user-friendliness and optional technical support.
Which identification methods does Regpit support?
Regpit offers video ID, eID, on-site identification and account ID. All procedures are MLA-compliant and can be used flexibly.
Where is KYC data stored at Regpit?
All customer data is stored in a GDPR-compliant and audit-proof manner in German data centres. The platform fulfils the highest security standards and documents every step in a traceable manner.
What does a KYC tool like Regpit's cost?
Regpit offers a flexible SaaS model with a monthly licence and transaction-based fees. You only pay for the modules and processes you actually use, transparently, scalably and without hidden costs.
How much effort does a digital KYC tool save?
Thanks to automated data collection, processes without media discontinuity and immediate checks, Regpit reduces the workload by up to 90 % compared to manual processes and at the same time reduces the risk of errors.
Is Regpit's KYC tool GDPR-compliant?
Yes, all processes and data processing fulfil the requirements of the General Data Protection Regulation. This includes data storage, access controls and deletion concepts.
Am I obliged to identify my customers?
KYC obligation explained: When identification is necessary
Grundsätzlich müssen Verpflichtete nach dem Geldwäschegesetz vor Beginn jeder neuen Geschäftsbeziehung ihren Vertragspartner identifizieren.
Is a digital KYC process recognised?
Digital identification procedures are permitted by law, provided they meet certain technical and organisational requirements. Regpit ensures that all procedures are tested and legally compliant.
What does the KYC scope depend on?
The audit effort depends on the risk and the type of due diligence obligations. Regpit supports automated risk assessment and dynamically adjusts the intensity of the audit.
What are the legal KYC obligations?
The basis for this is the German Money Laundering Act (GwG). In addition, there is also guidance from the relevant supervisory authorities (e.g. BaFin or bar associations). Regpit is harmonised with these requirements and is updated on an ongoing basis.
Why is an automated KYC tool worthwhile?
Manual checks are error-prone, time-consuming and difficult to scale. A tool like Regpit automates all processes, reduces operational effort and increases regulatory security at the same time.
Who can use the Regpit KYC tool?
Regpit is ideal for banks, insurance companies, FinTechs, law firms, tax consultancies, property companies and all other MLA obligated parties. Thanks to its modular structure, the tool adapts to any setup, from start-ups to large companies.
Is Regpit's KYC tool GDPR-compliant?
Yes, all processes and data processing fulfil the requirements of the General Data Protection Regulation. This includes data storage, access controls and deletion concepts.
Should I replace my existing KYC system?
If your current system is inefficient, based on manual processes, not legally compliant or difficult to use, you should consider a solution like Regpit. Digital KYC tools automate time-consuming checks, reduce errors and noticeably relieve your team. The changeover is quick and the added value is immediately visible.
Insights from our blog
Stay informed about your compliance obligations and discover how Regpit makes managing them easier and more efficient.
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