# KYC Assistant

> Source: https://bryter.com/de/use-cases/kyc-software/

A KYC Assistant allows organizations to rapidly collate all information necessary to assess the potential risks of a business relationship.

Users are able to quickly evaluate business partners and customers against respective regulatory tests and internal policies. Our [risk management software](https://bryter.com/applications/risk-management/) enables users to generate automated triaging and documentation of tasks and functions, based on highly customizable risk-scoring models. All verification efforts are documented in an audit trail. If desired, a report and dashboard is generated to monitor key factors such as risk type, transaction value or geographic location.

#### Background

Organizations such as banks, financial institutions, brokers, agents, consultants, accounting firms, law firms and notaries are required by law to assess whether business partners comply with certain regulations (e.g. anti-money laundering or anti-bribery regulations).

With the KYC Tool, this process is automated and the tool assesses business partners against various data sources such as sanctions lists. The user is guided through an interactive questionnaire, based on which the information necessary for performing all key KYC functions is queried. If specific scenarios require it, the legal department is automatically notified and an approval request is sent via email which enables the creation of a customized workflow with our KYC software.