Automated
Screening, register checks and deadlines run in the background. You only deal with what has actually changed.
Ongoing monitoring
Due diligence only begins after onboarding
BetterCo continuously monitors your clients and all related persons: against PEP, sanctions and adverse media lists, for changes in the commercial register and Transparency Register, and for expiring ID documents. You are notified as soon as something changes, and re-KYCs are triggered in good time. This way, you can provide information at any point across the entire customer lifecycle.
Due diligence obligations under control
Based on risk class and events, BetterCo determines when each client needs to be reviewed again.
Ready for any inquiry
Every match, every check and every decision is documented in an audit-proof way — even years after onboarding.
Features at a glance
Be the first to know what changes at your clients
A client has appointed a new managing director? The shareholder list has changed? A beneficial owner's ID is about to expire? A representative shows up on a sanctions list? BetterCo informs you about all of this without you having to look for it.
AML alerts
Our AML engine continuously screens your clients' companies and all related persons against PEP, sanctions and adverse media lists and notifies you of new matches. Every match is reviewed, assessed and documented in the system.
Benefits
- Ongoing & automated
- New matches visible instantly, reviewed matches documented
Event ticker
Changes in the shareholder structure, new managing directors, address changes, expiring ID documents: the event ticker shows all relevant events in one place as soon as they become known.
Benefits
- Notifications for updates and new events
- Spot expiring IDs in good time
- Clear and permanently documented
Event timeline
Many events in a company's lifecycle matter to obliged entities under the GwG: new managing directors, funding rounds, address changes and more.
As soon as you create a client, these events are transferred into a timeline with 30+ event types from public data sources and continuously updated in the background. You can add your own events with contacts and documents at any time.
Benefits
- Search and filter options
- Create your own events
- Link events with documents and contacts
Related persons
On average, a company has 20+ relevant relationships: managing directors, legal representatives, beneficial owners, investors. All of them are part of the review.
During onboarding, these contacts are imported with 60+ relationship types from public data sources. Monitoring then automatically includes them — not just the client itself.
Benefits
- Everything at a glance: contacts (who), documents (what) and events (when)
Ownership structure
Org charts and cap tables show a company's shareholders and beneficial owners at a glance. If the structure changes, the chart is updated and the change is reported in the event ticker.
Benefits
- Show, zoom, filter — exactly the way you need it
Re-KYC
Based on the risk class and events, BetterCo derives the due diligence obligations and informs you in good time about upcoming re-KYCs. The update runs through the same digital questionnaire as onboarding.
Benefits
- Effortlessly comply with due diligence obligations
- Re-KYC without another round of paper ping-pong
How it works
Onboard once, then BetterCo monitors
Monitoring starts automatically with onboarding and accompanies every client across the entire customer lifecycle.
Step 1
Onboard clients with the Onboarding & KYC module
As soon as you create a client via the KYC process, master data is synchronized, the beneficial owners are identified and all contacts, documents and events are linked. From that moment on, they are monitored continuously.
- Monitoring starts without additional setup
- Clients identify themselves
Step 2
AML alerts and the event ticker keep you up to date
BetterCo continuously screens against PEP, sanctions and adverse media lists and reports matches for existing and new clients.
At the same time, changes from the commercial register and Transparency Register and expiring ID documents come in via the event ticker.
- Always up to date
- Notifications instead of manual searches
- Every match reviewed and documented
Step 3
Respond, document, stay ready for any inquiry
You handle matches and events directly in the client's digital matter file: review, assess and, if needed, trigger a re-KYC. Every decision is documented with date, person and rationale — ready for the next supervisory audit.
- All client information in one place
- Trigger a re-KYC with one click
- Complete audit trail
Ready for any inquiry — not just on the day of onboarding
With BetterCo, all your client data is centralized in one system, and all relevant AML and event updates come in automatically. Your client base stays current, and you can provide information at any time.
360°
A view of all clients and their events, contacts, documents, data and tasks.
100%
GwG compliance through audit-proof documentation and the ability to provide information at any time.
90%
Less manual reporting between you and your clients.
Your benefits of ongoing monitoring
- Time savings for your specialists
- Never miss a relevant event again
- Re-KYCs on time instead of too late
- All information (who, when, what) at a glance, at any time
- Compliance on autopilot
The benefits for your clients
- No time-consuming manual reporting to you
- Updates via the same digital questionnaire
- 100% transparency
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