KYC software
- What a year of customer due diligence costs
- 14,791
- Files opened a year
- 332
- Customer files carried
- 1,243
Every figure this worksheet prints is arithmetic on the customers you enter, and on nothing else: nothing is imported and nothing is assumed about your book. Where a page states a rule rather than a calculation, the regulation behind it is cited under the tool it appears in, with a link to the section rather than to a home page.
KYC software is judged on one thing and it is not the onboarding screen. It is whether, eighteen months after a customer was taken on, you can produce the file: what identity and ownership evidence was collected, what risk rating it was given and on what basis, who approved it, and the date somebody last looked at it again. Most firms can show the first customer they onboarded and not the four hundredth, because the evidence went into a shared drive and the review date went nowhere. Clientvo is the file rather than the front door: one record per customer, the evidence attached to it, the approval on it, and a review date that comes round on its own.
Open the Know your customer requirements Free to use. No account, no card, no trial clock.
Open the file with the customer
A record is created the moment a customer is taken on, with the identity and ownership evidence attached to it rather than mailed around it, and the person who collected each item named against it.
Rate them, and let the rating set the clock
Standard, higher or enhanced. The rating decides which evidence the file has to hold and how many months until it comes back, so a customer rated up in March is on the shorter clock from March and not from the next annual sweep.
Review it before somebody asks
Each file carries its next review date and the reminder goes to whoever owns that customer. What you look at, what changed and what you decided is written onto the same record, so the history is the file rather than an email thread beside it.
Clientvo Pro
Keeping the file an examiner will ask you to produce
The worksheet tells you the shape of the work. Pro holds the work itself: one record per customer, the evidence attached to it, the approval on it and a due date that comes round whether or not anyone remembers.
- Keep the file on your own disk as well as ours
- No Clientvo mark on a document that leaves your building
- Come back to a half-finished file instead of starting it again
- Your company name and registration number on every printed file
- The whole book at once, for the request that asks for all of it
- The review reminder goes to whoever owns that customer
$29per month, whole team
Start Clientvo Pro PricingClientvo Pro is $29 a month. It renews on the same day each month at the same price until you cancel, and the price and the renewal date are shown on the checkout page before you pay. We will email you before any price change and you can cancel before it takes effect.
What a compliance owner asks before running the KYC software
Is this a KYC screening or verification tool? No, and it is worth being blunt about it. Clientvo runs no sanctions, PEP or adverse-media screening, captures no identity documents and monitors no transactions. It records that a check was run, by whom, when and what it returned, and it keeps that alongside the rest of the customer file. If you need the check itself performed you will buy that from a screening or identity vendor and put the result here.
What does a customer file actually have to hold? That depends on what you are and who your customers are, and this is the point where software stops and your own policy starts. What is common to nearly every version of it: the customer identified, the individuals behind a company customer identified, a risk rating with a reason, an approval where the rating warrants one, and evidence that the file has been looked at since. Clientvo holds those as fields with dates on them so the answer to 'show me' is a record.
We already have a spreadsheet. What changes? The review date, mostly. A spreadsheet is a fine list of customers and a terrible clock: nothing in it tells anyone that the file opened in March is due in March two years later, and nothing in it records that Priya rather than Sam approved the rating. The measurable difference is the number of customers on your book with no recorded review date, which is the first thing you are asked for and the last thing a spreadsheet knows.
Ask us about the KYC software
Tell us what your customer files look like now and what you are being asked to produce.