How to choose the right KYC solution for your business

If you are an AML officer, compliance manager or decision-maker in a business subject to the Danish Anti-Money Laundering Act, this article is for you.

KYC and anti-money laundering compliance requirements are becoming increasingly complex. Fortunately, you do not have to manage these growing demands alone. There are several system solutions available that can support and streamline your work.

From regulatory requirements to a KYC system that works in practice

For AML officers in audit, bookkeeping, leasing and legal firms, choosing a KYC system is not just a technical decision. It is a decision that affects your company’s workflows, documentation standards and collaboration with clients.

The market for KYC solutions is growing, and many systems promise automation, control and compliance. In practice, however, many businesses find that systems are either too rigid, too complex – or not adapted to Danish AML legislation.

Choosing a KYC system is therefore not about finding the most advanced solution, but about selecting the one that fits the way your organisation actually works.

In short: The right KYC system is one that fits your workflows, supports Danish AML legislation and is practical for the people working with compliance on a daily basis.

What should you consider before choosing a KYC system?

Experience shows that the number of features rarely determines whether a KYC system becomes a success. More often, it is the practical aspects that decide whether the system becomes an integrated part of your workflows – or an additional administrative burden.

Feedback from AML professionals highlights the following key factors:

1. Alignment with Danish AML practice

   Many solutions are developed for international markets and are built around standardised EU processes. This can create challenges in a Danish context, where there may be specific documentation, risk assessment and workflow requirements.

2. Flexibility in workflows

   Companies approach compliance differently. A software solution should therefore adapt to your processes – not the other way around.

   An important question to ask is: How flexible is the solution in practice?

3. Usability for those working with KYC

   Whether you are a small firm or part of a larger compliance team, the system should be chosen with its daily users in mind.

   If the system is overly complex or technical, compliance rarely becomes easier in practice.

4. Support and collaboration

   AML and KYC processes are not static disciplines. Legislation and guidance evolve continuously, with new EU directives, developments from AMLA and updated guidance from Danish authorities.

   For that reason, support and collaboration with your system provider are just as important as the system itself.

5. Complexity versus actual needs

   In line with flexibility, it is important to weigh your specific needs against the complexity of the KYC solution you are considering.

Some systems are designed for large international organisations with multiple stakeholders. Others are built for firms that work closely with a defined client segment.

The right choice depends on the complexity of your business and its compliance set-up.

Comparison of Five KYC Solutions on the Danish Market

There are many KYC solutions available. Below, we take a closer look at five that are frequently mentioned by Danish companies: Creditro Comply, Comply Today, Uniify, Meo and Wolters Kluwer.

Creditro Comply

Creditro Comply is a KYC and AML solution developed in close collaboration with AML officers in audit, bookkeeping, leasing and legal firms. The platform brings together client documentation, identification, risk assessment and ongoing monitoring in one intuitive system that adapts to your workflows.

One of Creditro Comply’s key strengths is its clear and structured dashboard, providing a complete overview of all clients. It enables you to quickly identify where action is required without having to navigate multiple systems.

The platform supports the entire KYC process – from client creation and document collection to guided and automated risk assessments. Creditro Comply also allows multiple risk assessments for the same client, which is particularly beneficial if you manage different case types or services for one client without wanting to restart the process each time.

For businesses wishing to integrate their KYC system with other digital tools, Creditro offers an open API, allowing data and workflows to connect with existing systems. This ensures smoother data sharing and automation across the organisation.

Creditro also provides supplementary Consultancy Services, including the development of documentation packages clearly outlining your Section 7 and Section 8 AML processes. The system configuration is aligned accordingly. A defining characteristic is flexibility – the solution adapts to your client types, processes and internal procedures, rather than forcing you to adapt to the system.

Platform features typically include:

• Clear dashboard with overview of all clients

• Dynamic data and document collection

• Guided risk assessments (including multiple assessments per client)

• API integration with other systems

• Consolidated logging and documentation to support audits and supervision

• Professional support and advisory services for implementation and workflow optimisation

Summary: Creditro Comply is developed specifically for Danish businesses working practically with AML controls and Section 7 and Section 8 processes. It is one of the most trusted KYC solutions on the Danish market. For AML professionals seeking a flexible platform with close support and the ability to tailor compliance processes to their own workflows, Creditro is a safe and reliable choice.

Comply Today

Comply Today’s KYC solution helps businesses comply with the Danish AML Act by consolidating multiple functions within a single platform.

The system supports the KYC process from data collection to risk assessment and documentation. It operates through integrated portals: a central compliance portal for oversight, an employee portal for case handling and a client portal where customers can identify themselves and upload documentation directly, for example via MitID.

Platform features typically include:

• Client identification (including MitID) and data collection

• Automated risk assessments and PEP/sanctions screening

• Case documentation and logging

• Integrations with Danish data sources and systems

• Monitoring of client data and portfolios

Summary: Comply Today is primarily aimed at medium-sized and larger companies seeking an integrated KYC platform. The system is configured in collaboration with the client, meaning it is not purely plug-and-play – which may be beneficial, but can also require a more comprehensive implementation process.

Uniify

Uniify is an onboarding platform that helps businesses streamline customer processes and ensure compliance with KYC, KYB and credit assessment requirements. It combines identity verification, risk assessment and data collection within a single workflow.

The solution is designed to optimise onboarding by automating the collection of customer and company data, conducting PEP and sanctions screening and supporting ongoing monitoring.

Platform features typically include:

• Digital onboarding and customised data collection forms

• Integrated identity and business verification (KYC/KYB)

• Sanctions and risk list screening

• Credit assessment and decision data

• API integrations with other systems and data sources

Summary: Uniify is suited to companies seeking a combined onboarding and credit assessment platform. If your primary need is a KYC process tailored specifically to Danish Section 7 and Section 8 AML requirements, it may not be the most specialised solution.

Meo

Meo automates KYC processes within a single solution and is particularly focused on law firms.

The platform supports the compliance lifecycle – from onboarding and document verification to risk assessment and continuous monitoring. It offers workflows that automate data collection and reduce onboarding time.

Platform features typically include:

• Digital onboarding with client and company data

• Verification of identity and business information

• Screening against sanctions lists, PEP registers and risk sources

• Automated risk assessments and monitoring

Summary: Meo is primarily aimed at law firms and has been developed with that audience in mind. It may therefore be less suitable for businesses outside the legal sector requiring a more flexible approach to Section 7 and Section 8 AML processes.

Wolters Kluwer – Capego KYC

Capego KYC is part of the Capego software suite for tax, accounting and compliance work. It is designed to support businesses in onboarding new clients and documenting compliance with AML legislation.

Capego KYC structures and streamlines KYC processes through automated controls and data collection, including automated retrieval of company information and screening against PEP and sanctions lists.

The system provides an overview of client portfolios and risk levels, enabling compliance teams to prioritise and track open and completed cases.

Platform features typically include:

• Automated searches and controls, including PEP and sanctions screening

• Retrieval of company information

• Overview of risk levels and client portfolios

• Ongoing monitoring of changes in client information

• Risk filtering based on client data

Summary: Capego KYC is particularly relevant for bookkeeping and accounting firms seeking a structured and standardised approach to KYC as part of a broader compliance platform covering tax, accounting and practice management.

The Right KYC System Is the One That Gets Used

For Danish businesses, it is essential that a KYC system supports local regulatory requirements, adapts to workflows and is genuinely used in practice.

For many organisations, the choice is about more than features. It is about finding a solution that:

• Fits their workflows

• Supports Danish legislation

• Makes compliance an integrated part of daily work – not an additional burden

Creditro Comply is today one of the most trusted KYC solutions in Denmark and supports thousands of KYC processes. This is precisely because the solution has been developed in close collaboration with professionals working with AML controls in practice.

Considering a new KYC system – or would you like to see how Creditro Comply works in practice? You are always welcome to contact us for a no-obligation conversation.