Onboarding and compliance
for regulated companies and developers
Onboarding and compliance
for regulated companies and developers
Onboarding and compliance
for regulated companies and developers
Monitoring & Governance
Political and regulatory conditions change very quickly. BetterCo monitors all PEP watch lists, sanctions lists and unsolicited media in real time and notifies you as soon as a match is found with your existing or newly acquired mandates / clients. In combination with our event ticker, which informs you about relevant events, such as changes at shareholder level, you stay up-to-date and informed throughout the entire customer lifecycle.
Switch all relevant monitoring processes to autopilot and reduce administrative effort to a minimum
Our monitoring and governance solution provides you with information across the entire customer lifecycle
Minimize your operating costs through maximum automation and fewer manual errors
FEATURES At a glance
A client has appointed a new managing director? Another has successfully completed a financing round? A third party's identity documents are about to expire? Our event ticker will keep you informed about this and much more in real time. With auto-monitoring of PEP/sanctions/adverse lists and continuous event tracking, you will never miss any relevant changes and can concentrate on the actual cooperation with your client/customer. No matter what happens, you'll be the first to know!
During the entire lifecycle of a company, hundreds of events take place that are important for you as an AMLA-regulated company to comply with due diligence obligations, such as the appointment of new managing directors, financing rounds, address changes and so on.
As soon as you add a client, the integration of public data sources not only pre-fills all relevant master data and determines the beneficial owners, but also synchronizes all events with 30+ event types and transfers them to a clear timeline. This timeline is synchronized continuously and fully automatically in the background. You also have the option of creating any number of your own events and event types and linking associated contacts, documents or attachments.
Optimal workaround thanks to search and filter options
Create your own events
Link events with documents and contacts
In future, you will no longer miss any critical events - from changes in the shareholder structure and important events in contract management to expiring deadlines for resolutions or expired ID documents. Our event ticker keeps you informed in real time.
Always up to date thanks to real-time notifications
be notified about updates and new events
Clear presentation and documented forever
On average, a company has 20+ relevant relationships (CEO, legal representatives, beneficial owners, investors, etc.) that need to be checked to comply with AML regulations.
During customer due diligence, all these relevant contacts to your client/customer are automatically synchronized with 60+ relationship types from public data sources, checked and stored in your system. You can expand these with any number of contacts and categorize them with 100+ of your own relationship types.
Continuous AML monitoring and event tickers keep you informed at all times about relevant events for all these contacts in real time. So you are always 100% up-to-date and able to provide information.
Everything at a glance: Contacts (Who), documents (What) and events (When)
Through graphical Org Charts & Cap Tables we offer the best overview of all relevant contacts and shareholders of a company. All relevant changes are synchronized and updated in real time.
Show, zoom, filter - full flexibility and exactly as you need it
We not only provide you with data, events, contacts and documents in real time, but also link them together so that you no longer have to switch back and forth between document and data chaos in order to find all the information on a specific event, document or contact.
In future, you will have all relevant events and documents for each contact, all relevant contacts and events for each document and all relevant contacts and documents for each event at your fingertips with just one click.
With 30+ event types, 60+ relationship types and 20+ document types, all data is clearly categorized and easy to filter.
Everything at a glance: Contacts (Who), documents (What) and events (When)
Our automated AML engine continuously checks your client's contacts and companies for entries in PEP, sanctions or adverse media lists and notifies you of new matches.
Fast, carefree & automated
Always up to date thanks to real-time notifications
With our continuous monitoring and the automatically derived due diligence obligations, you are informed in good time about upcoming re-KYCs.
Effortlessly comply with due diligence obligations
0% admin, 100% focus on the relevant things
Whether you want to pass resolutions or draw up contracts, our library of 100+ legally compliant templates offers you the right, lawyer-approved document for almost every conceivable use case. Put your document management system on autopilot and concentrate on the essentials: Making decisions and passing resolutions - simply and digitally. With our event ticker, all parties involved are reminded of upcoming deadlines in good time.
Efficient document management
Templates that always comply with the current legal situation
Making digital & legally compliant decisions, concluding contracts and obtaining approvals
How it works
With BetterCo, you can easily comply with your AMLA regulations throughout the entire customer lifecycle and offer your clients/customers the best possible digital experience.
Step 1
As soon as you add your client to your system using our KYX onboarding process, all current master data is automatically synchronized, the beneficial owners are determined and all associated events, documents and contacts are linked. From now on, all this information is continuously monitored, checked and updated as required.
Not only faster onboarding, but also more efficient in the long term thanks to continuous monitoring
Let customers identify themselves
Step 2
Political and regulatory conditions change very quickly. BetterCo monitors all PEP watch lists, sanctions lists and adverse media in real time and notifies you as soon as a match is found for your existing or newly acquired clients/customers.
Not only is the regulatory framework changing rapidly, there are also new, relevant events and changes on the part of your client/customer every day, about which you are informed in real time.
Always up to date
Real-time notifications
100% compliance finally simple & carefree
Step 3
The digital file gives you quick access to all relevant information, documents, communication processes and events. This significantly reduces manual effort and enables seamless communication between your employees and clients. All parties are always up to date and have transparent access to the data they need to see.
Saves valuable time when searching for information
Minimization of manual effort
Better knowledge management through smart filters, searches and categorizations
Mobile and flexible collaboration for all parties involved
Clear traceability of changes and activities
With BetterCo, you not only have all data centrally in your system, but also receive all relevant AML and event updates on a silver platter. Your system is 100% up-to-date at all times and you are therefore 100% informed at all times - simple, carefree and digital.
View of all clients / customers and their events, contacts, documents, data and tasks.
GWG conformity through audit-proof documentation and information capability.
Less manual reporting between you and your client/customer
"With BetterCo, we achieve extreme time and cost savings for the KYC onboarding and risk analysis of our clients, the signing of the mandate agreement and the ongoing money laundering monitoring. Our clients appreciate the short processing times and we no longer have to play e-mail ping-pong. Our partners can focus on their projects instead of tedious administration."
"As an investment banker, we are committed to MLA for our strategy and M&A advisory services.
BetterCo makes it very easy for our teams to collect the necessary KYC data completely and quickly. BetterCo also actively informs us about changes at our clients. In addition, our risk position is transparent for me at all times.
"Failure to comply with the AMLA will be severely punished by the competent supervisory authorities. In addition to severe fines, an entry can be made in the central trade register. With the KYC workflows from BetterCo, we can prove at any time that we have complied with our duty of care and fulfill the recording and storage obligations under the AMLA."
Start with mandates in hours instead of weeks and relieve staff
Experience 5x faster customer due diligence
Efficient risk management thanks to automated compliance checks and customizable risk models
Verify the identity of your clients in minutes & sign digitally
Protect your company with continuous monitoring
First-class collaboration and digital housekeeping with clients & customers
Integrate BetterCo seamlessly into your system and offer your customers an exceptional customer experience throughout the entire customer lifecycle.
