Our KYC/KYB software - The KYC/KYB Solution
With our Know Your Customer/Business Solution, financial companies, law firms and other obligated parties not only make their money laundering compliance more secure, but above all more efficient.
This is how a KYC/KYB Software
The KYC/KYB Solution from Regpit digitalises the entire know-your-customer/business process: identities are automatically recorded, relevant documents are checked and PEP and sanctions lists are compared. An integrated risk analysis enables the legally compliant categorisation of all business partners and is fully MLA-compliant.
Your KYC/KYB-Solution from a single source
Our digital KYC/KYB solution automates your audit processes, reduces manual effort and ensures full AMLA compliance.
Automated checking processes, seamless onboarding, full compliance - all in one smart solution.
Digital Onboarding and automatic Data prefilling
- Optimised user experience for you and your contractual partners
- Significant time savings in the onboarding process
- Constant access to current data from registers
Onboarding questionnaires create
- Optimised user experience for end users
- Significant time savings in the onboarding process
- Always access to the correct and latest data
Register documents automatically retrievable
- Receive documents directly from the register in real time
- Over 300 available registers
- Data from over 100 countries directly from the registers
Maximum Flexible
- Create landing pages in your design
- Organise workflows according to your requirements
- Customise questionnaires and workflows to suit your needs
Determination of the Beneficial owner/ ownership and Control structures
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
Automatic check for Politically exposed persons, Sanction 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
MLA audit of companies
- Automated query of commercial register and transparency register
-
Automated determination of economic
Authorised persons - Automated risk report
- 100% Audit-proof MLA report
MLA check of persons
- ID verification via video ID, e-ID or other AMLA-compliant procedures
- Check for Politically Exposed Persons, Sanctions & Adverse Media
- Automated risk report
- 100% Audit-proof MLA report
KYC procedure from the very first case
All KYC procedures check the respective person, create a KYC report with risk classification and document all steps in a legally compliant manner. Use is possible from just one procedure.
From 4,50€
Natural Person
(National/International)
- Quickly create a structured profile
- Digital onboarding process
- PEP audit and sanctions
- Adverse Media
- Automated risk report (PDF)
- Audit-proof documentation
Add on:
- ID card verification via VideoID, eID and others
From 11,50€
Legal Person
(National)
- Quickly create a structured profile
- Digital onboarding process
- Automatic prefill of the questionnaires
- Automated query of commercial register and transparency register
- Automatic ownership and control structure chart / beneficial owners
- PEP audit and sanctions
- Adverse Media
- Automated risk report (PDF)
- Audit-proof documentation
Add on:
- ID card verification via VideoID, eID and others
From 7,50€
Legal Person
(International)
- Quickly create a structured profile
- Digital onboarding process
- Automated query for 300+ registers worldwide
- Access to 120 million company data
- PEP audit and sanctions
- Adverse Media
- Automated risk report (PDF)
- Audit-proof documentation
Add on:
- ID card verification via VideoID, eID and others
Success stories from practice
Our solutions are used by law firms, financial service providers and compliance teams across Europe. Read how our customers benefit from them.
"Regpit supports us with our entire money laundering compliance. Thanks to the solutions, we can concentrate fully on our day-to-day business again, while the security and efficiency for this issue is guaranteed by Regpit. Reliable and effective."
"Thanks to Regpit, we can carry out customer-friendly onboarding at the highest level in a simple, secure and time-saving manner, even when it comes to money laundering prevention - this is extremely important for us as a FinTech!"
"The requirements for law firms in the area of money laundering prevention and sanctions are becoming ever more extensive. We are delighted to have a specialised partner at our side with Regpit!"
Talk to our compliance experts
Our experts will personally guide you through the Regpit platform, show you the functions in use and advise you individually on the appropriate modules and possible applications.
free of charge & non-binding
Discover our other Solutions
Choose flexibly: individual modules or customised combinations.
KYC/KYB Solution
The KYC- and KYB software from Regpit enables fully digital onboarding: Including automated PEP and sanctions list checks, identification of beneficial owners and provision of up-to-date register extracts.
All processes are MLA-compliant, intuitive to use and, best of all, the end result is an audit-proof report that protects you during audits.
Ident Solution
With the Ident Solution from Regpit, you can identify people easily and securely: via Video-Ident, eID, account ID, on-site verification or Signature.
All procedures are MLA-compliant, ready for immediate use and can be integrated into your processes without any IT effort.
Monitoring Solution
Regpit's monitoring solution automatically monitors individuals and companies for Sanctions lists, PEP data and Adverse Media.
Changes are recognised immediately, documented and displayed as an alert so that you remain compliant and able to act at all times.
E-Learning Solution
With the E-Learning Solution from Regpit, you can train employees efficiently and in compliance with the law on all topics relating to money laundering prevention.
All content concludes with certified knowledge tests and leads to audit-proof certificates of participation.
Whistleblowing Solution
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
In principle, obligated parties under the Money Laundering Act must identify their contractual partner before the start of each new business relationship.
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.
News from our Blog
Read our articles to find out more about your legal obligations and how Regpit can help you manage them.
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