More than 350 companies have made the secure choice
It must be easy - both for you and your customers
With real-time technology that combats fraud and bankruptcy, Creditro Comply ensures that you are constantly updated on AML and your KYC. See a walkthrough of the product right here.
You start the process - Creditro does the rest
STEP 1 - CREATE CUSTOMER
Choose customer type, service and enter master data.
STEP 2 - COLLECTION OF INFORMATION
Creditro Comply makes it easy and hassle-free for your customers to upload their ID, remind them if they are missing information and always ensure that their data is secure. Your customer submits answers to a dynamic questionnaire and their ID documentation.
In the video below, you can see what the process looks like for your customers.
STEP 3 - RISK ASSESMENT
Our system provides an indicative risk assessment and any warning. At the end, you must set a final self-assessment.
STEP 4 - UPDATE AND MONITORING
You have the opportunity to ask follow-up questions to your customers, and continuously renew the information. We ensure that all data is updated in real time.
Let us find the right solution for you
Creditro helps companies save time on demanding KYC/AML processes. Book a demo where we go through our solution based on your company and your needs.
Efficient and accurate
- Automatic notification when customer data changes
- One easy-to-monitor dashboard
- Customer Due Diligence (KYC/AML) in just one platform
- Delivers full KYC-reports that meets requirements in Denmark and the EU
Risk assessment about terror financing and fraud
Fraud and bankruptcy warnings and guiding risk assessments
Monitoring and updating client data in near real-time.
Intelligent algorithms; collecting all the data
Entire audit trail and activity logs on all activities
Compliance with archiving and deletion of documents and data with GDPR- and AML-legislation
Plug-&-Play solution or customized solution
Integrable with various CRM- and Economy-solutions
Supports all business types
Why our customers chose us
“It helps us to feel more secure. We are sure that we have the documentation required to comply with the rules in terms of AML documentation.”
“It is significantly easier to onboard new customers. I have a checklist that I can follow. Much of the communication happens completely automatically,”
“We've improved a lot on our compliance, and we've also got some pretty cool credit reports on our customers for internal use, so that's an added bonus”
Compliance made easy
Fight financial crime and stay AML/KYC compliant with Creditro Comply.
Save valuable time
An average KYC check takes only 5 min. Spend time on customers instead of spreadsheets.
Ongoing credit and risk assessments, as well as notification if there are changes in your customer relationships.
TRY CREDITRO COMPLY NOW
Need clarification? Check the FAQ below.
What is KYC?
KYC stands for "Know Your Customer" and is part of the Money Laundering Act. The Money Laundering Act is, in its simplicity, about reducing economic crime and money laundering. KYC is a crucial concept here. It is a requirement that companies subject to the Money Laundering Act must get to know their customers to avoid everything from money laundering to you as a company not doing business with criminals.
The concept includes that you can document that you know your customer; This includes, among other things, control of identity and financial activities and identifying the risk posed by individual customers.
When you establish an effective KYC process, it helps to comply with the Money Laundering Act and to be able to secure an effective business model in your organization.
Read our article What is KYC? and quiz your colleagues.
What is KYB?
KYB stands for "Know Your Business." The KYB process is not much different from KYC. The difference, however, is that KYB is exclusively about customer knowledge of legal entities, colloquially "companies or organizations."
For companies in the financial sector, there are special requirements for KYB. For example, banks and audit firms must document their customers' identities, know the business scope and activities, and check where the funds for the company come from.
KYB at a company is a framework for which controls must be carried out to minimize the risks of, among other things, money laundering and financial crime. When you as a company carry out a KYB, you not only stay within the framework of the law but also help yourself to inspection reports. Through Creditro Comply, we make it easier for companies to keep track of customer documentation and ensure that all checks and workflows are followed.
In this way, we make it both time-saving for the companies to choose us and make the documentation work more efficiently to show that you are compliant with the requirements for KYB.
Learn more about KYB in this article: What is KYB?
What is the difference between AML and KYC?
KYC and AML are terms used in the financial sector regarding money laundering. However, the words have very different meanings and should not be confused.
AML means "Anti-Money Laundering". The term AML refers to i.e. laws, regulations, and directives that help to combat economic crime.
KYC means "Know Your Customer". This term characterizes the process when companies want to verify the identity and business scope of their potential or current customers.
The KYC process is one of the requirements set by the AML legislation.
Learn more about the difference in the article: The difference between AML and KYC?