100% worry-free
audit-proof documentation, ready to provide information at any time
Onboarding & KYC
Experience 5x faster customer due diligence
Whether you're a lawyer, a tax advisor, a fund or simply a company – our digital KY-X processes for legal entities and natural persons boost your productivity, take the load off your specialists and fulfill all compliance obligations in an audit-proof way with minimal effort.
How to reduce onboarding effort by up to 90%
100% digital
No paper or email chaos – simple plug & play
360° view
all relevant data in one system, one click away
At a glance
The best customer due diligence experience for you and your clients
Digitize and automate your entire client onboarding with plug & play – including GwG compliance and multilingual support. From web registration and KYC/KYB with identification of beneficial owners to conflict & compliance checks, automatic loading of documents from the commercial register and automatically generated KYC reports.
KYC/KYI/KYS/KYE data collection
How it works
Whether you want to collect data from clients, investors, dealers, legal entities or natural persons, there's a matching KYC process for you.
Provide the onboarding questionnaire to your prospective clients / customers either via self-onboarding on your website or invite them conveniently into your personal BetterCo workspace.
Built-in (expert) guidance gives both your specialists and your clients / customers the best support and overview.
Best of all: you can work on the onboarding process together with your client / customer in real time and see the progress with full transparency.
Benefits
- Self-onboarding integrated into your website
Customizable no-code workflows
How it works
Missing questions, or being asked for data that's irrelevant to you? No problem – choose from our industry-specific processes and tailor the process to your company as you like.
Is there data or are there questions your client / customer shouldn't see? No problem! You decide.
Benefits
- 100% customizable
- Create your own processes in a few clicks and save time
- Process templates always up to date with the latest case law
- Minimize follow-up questions with built-in guidance
Prefilled data
How it works
Thanks to our integration of public data sources, around 80% of the data is validated and prefilled in advance, as if by magic.
Benefits
- approx. 80% of data prefilled
- approx. 90% time savings for your professionals
- optimal onboarding experience for your clients / customers
Automatic loading of documents from the commercial register
How it works
Not only is validated data transferred automatically – we also automatically load the latest commercial register extracts, shareholder lists and other documents from the commercial register and make them available in your KY-X process.
Benefits
- No more endless searching for documents
- Documents are always up to date
Automatic reading of ID documents
How it works
Using the latest technologies, data from international identity documents such as passports or ID cards is read fully automatically and simply presented to you for review.
Benefits
- Identity verification in just a few minutes
- Digital & hassle-free
Conflict check
How it works
With our ready-made conflict check, you can quickly and easily analyze whether there is a potential conflict with any of the client's related contacts or companies.
Benefits
- simple and reliable conflict check
- audit-proof documentation
KYC reports
How it works
As soon as the KYX process has been successfully completed, a corresponding report is generated automatically. This gives you an audit-proof audit trail over a long period of time.
Benefits
- always ready to provide information, at any time
- audit-proof documentation
- transparently visible to your clients / customers at all times
Real-time collaboration incl. chat
An overview
A due diligence process can only be as efficient as possible with real-time collaboration. That's why we offer smart collaboration features across the entire workspace, such as group chats, discussions, comments and reminders. These are especially relevant during KYX onboarding, so you can communicate clearly and transparently, both internally and with the client's team, and start the actual work together as quickly as possible.
Benefits
- 100% real time
- no more document or email ping-pong
- maximum efficiency and the best service for your clients / customers
- Collaboration finally happens at the process level instead of the document level
Shared data room with consents, terms, contracts and more
An overview
The digital matter file works like a shared data room in which all documents, events, contacts, etc. are stored and continuously updated. Decide exactly what your team members and clients can and cannot see.
That way you have everything in one place: contracts, agreements, consents, relevant events, tasks and much more.
Benefits
- everything centralized in ONE system
- minimizes administrative overhead
- granular sharing options ensure everyone involved sees exactly what they should
- everything documented in an audit-proof way
Step 1
Choose ready-made KYC processes or create your own in minutes
Your client / customer can be onboarded either via a web form or directly in your workspace
- approx. 90% time savings
- no more document chaos or email ping-pong
- 100% customizable to your needs
- Process templates always up to date with the latest case law
Step 2
Thanks to our interfaces, 80% of the data is pre-filled as if by magic
If our system finds your client / customer in the commercial register, much of the information is pre-filled, such as company and address data, beneficial owners, legal representatives and much more.
We also provide you with the latest documents from the commercial register, such as the commercial register extract, the shareholder list and more.
- the best experience for your specialists and your clients / customers
- huge time savings during onboarding
- always have the correct, up-to-date data at hand
Step 3
Work together on the KYX process in real time
With built-in guidance in the fully digital onboarding, we reduce the number of follow-up questions to your specialists many times over
- Your specialists can finally focus on what matters
- The time from onboarding to engagement is drastically reduced
Step 4
The matter file as a shared data room with consents, terms, contracts, events and more
All collected data, documents, events and contacts are stored centrally and fully automatically in the digital matter file and continuously updated – your single source of trust and your single source of collaboration.
- 100% transparency and clarity for both sides
- Never get lost again in a jungle of outdated data, irrelevant document versions and undocumented tasks
100% compliance, 0% headaches
Our goal: 100% audit-proofness and readiness to provide information, with maximum efficiency and one single source of everything – for you and your clients / customers
90%
time savings for both your specialists and your clients / customers
80%
of data prefilled from public data sources
360°
view of all your clients, buyers, investors, holdings, dealers, ..
Your benefits of smart customer due diligence
- 5x faster due diligence and onboarding
- Up to 90% higher productivity and relief for your specialists
- Focus on added value instead of administration
- Able to provide evidence and information to supervisory authorities
- 360° view of all clients and their contacts
The benefits for your clients
- maximum flexibility and location independence with a fully digitalized customer journey
- significantly higher client loyalty through transparency and collaboration
- more value-added client service through less administration
What our customers say
With BetterCo, we save enormous amounts of time and money on KYC onboarding and risk assessment of our clients, signing the engagement agreement and ongoing AML monitoring. Our clients appreciate the short turnaround times, and we no longer have to play email ping-pong.
Helder Schnittker Managing Partner, YPOG Partnership Berlin 
As investment bankers, we are subject to the GwG for our strategy and M&A advisory services. With BetterCo, our teams can collect the required KYC data completely and quickly with ease. BetterCo also actively informs us about changes affecting our clients.
Falk Müller-Veerse Managing Partner, Bryan Garnier & Co, Munich 
Breaches of GwG obligations are strictly penalized by the competent supervisory authorities. With BetterCo's KYC workflows, we can prove at any time that we have met our due diligence obligations and fulfill the record-keeping and retention obligations under the GwG.
Karin Arnold Lawyer and notary, Arnold Anwälte Berlin