Cost-efficient
Maximum cost efficiency through digital risk assessment and automated AML screening
Compliance & risk
Efficient risk management with our automated AML engine
Use the ready-made risk assessment to classify the risk of clients, customers, merchants, investors or buyers across various risk categories, and screen your customers against AML data sources at any time. We derive the due diligence obligations and required review cycles for you, fully automatically.
With automatically generated risk reports, you meet your verification and documentation obligations with minimal effort.
Better decisions
Make better decisions through risk-based analysis
Scalable
Compliance processes are finally scalable, as manual intervention is hardly ever needed
Compliant
With our risk engine, you meet 100% of your evidence and documentation obligations
Compliance & risk
No risk. More fun.
Regular compliance risk assessments are part of everyday life for businesses regulated under the GwG. Regulatory complexity keeps growing, while internal (cost) pressure rises steadily. Businesses are therefore increasingly challenged to use their limited resources efficiently and in a targeted way. With BetterCo, effective compliance management turns from a necessary evil into a strategic advantage.
Risk assessment
An overview
BetterCo combines data, technology and human expertise in a single platform for efficient onboarding and compliance management. With just a few clicks, you classify the risk of clients, customers, dealers, investors and buyers across various risk categories.
Our system automatically derives the due diligence obligations and required review cycles for you.
Benefits
- Always in the know about relevant risk updates
- Less administration, more focus on real added value
- Fast and straightforward onboarding and compliance processes
AML screening
An overview
With our automated AML screening and ongoing monitoring solutions, you can screen your clients / customers for politically exposed persons (PEP), sanctions lists and adverse media. As soon as our AML engine finds a match, you're notified to review it.
Benefits
- Maximum cost efficiency
- No more manual screening
Politically exposed persons (PEP), sanctions lists, adverse media
How it works
Stay compliant and fight financial crime by screening users against global PEP watchlists and sanctions lists. Our lists in BetterCo are updated in real time, so you always stay on track whenever there are updates or new entries.
Scan millions of sources for adverse articles about your clients and customers with a single click.
Our AI-powered AML integration identifies in seconds
Benefits
- Always up to date
- Prevent crime & terrorist financing
- Carefree compliance
Due diligence obligations & review cycles
How it works
Based on your risk assessments, we derive the due diligence obligations for you, fully automatically.
Benefits
- All relevant data at a glance
- Always meet all due diligence obligations without worrying about missing anything
Risk report
An overview
Once you've completed the risk assessment for your client / customer, a risk report is created fully automatically and stored in the digital matter file. That way, you're always ready to provide information and have all relevant data one click away.
Benefits
- Automated and audit-proof
- 100% compliant
Risk dashboard
How it works
In your personal risk dashboard, you can analyze the risk position for companies or individual professionals/partners at any time by criteria such as origin, organizational structure, legal form and risk structure – and audit-proof reports mean you're always ready to provide information.
Benefits
- Flexible filtering & search
- Analyze risk across your entire organization
Step 1
Assess the risk of your clients / customers
Move from fixed review intervals to a dynamic process that responds to relevant changes, notifies you fully automatically and triggers enhanced due diligence where necessary. Use our perpetual KYC (pKYC) solution to automate ongoing monitoring across your business network.
- Classify the risk of clients, customers, merchants, investors or buyers across various risk categories
- Automated AML checks including PEP/sanctions list screening and adverse media
- Documentation of the derived due diligence obligations and review cycles
- Risk reports to meet your evidence and documentation obligations
Step 2
Start the ongoing AML check at any time
Continuous AML screening increases your efficiency and cost-effectiveness and strengthens a sustainable, scalable compliance process. Identify potential risks almost instantly and make the right risk-based decisions.
- Always up to date
- Real-time updates as soon as we find a match
- 100% compliance
Step 3
Meet your verification and documentation obligations with automatically generated risk reports
Once the risk assessment is complete, a risk report is automatically created for your client / customer and stored in the digital matter file. This gives you access to all relevant data at any time, so you're always well informed – with just one click.
- Check off all documentation and evidence obligations and cross them off your list of worries
- 100% compliant & cost-efficient at the same time
Step 4
All risks across your organization at a glance on your personal risk dashboard
Your personal dashboard shows risk positions for the entire organization or for individual professionals/partners, by criteria such as origin, organizational structure, legal form and risk structure. Combined with the automatically generated risk reports, you can provide information at any time.
- A transparent view of (organization-wide) risk
- Complete flexibility thanks to filters by various categories and criteria
- Audit-proof documentation & versioning of risk reports
Better compliance with BetterCo
90%
Time savings for your specialists
100%
GwG compliant
99%
Less risk & worry
Your benefits of efficient risk management & automated AML screening
- Maximum time savings for your specialists
- Higher conversion rate in client / customer onboarding
- 99% fewer manual errors
- No paper or email chaos
- Highest security standards
- Ongoing real-time monitoring – always up to date
- More efficient collaboration, internally & externally
The benefits for your clients & customers
- Seamless, intuitive onboarding experience
- 100% flexibility
- Focus on the actual collaboration instead of administration
- Complete 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