Your Trusted Data Source for AMLR Compliance: Automated KYC and KYS with Verifiable Enterprise Data
Perpetual KYC and KYS Without Manual Work
With the Anti-Money Laundering Regulation (AMLR) applying from July 10, 2027, compliance teams need scalable, auditable processes for continuous customer and supplier due diligence. Spherity automates perpetual KYC and KYS using up-to-date, signed enterprise data from Bundesanzeiger Verlag, helping businesses reduce manual work, avoid outdated information, and prepare for AMLR, AMLD6, and Europe’s emerging trusted digital identity ecosystem under eIDAS 2.0.
IN PARTNERSHIP WITH
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The Challenge with Traditional KYC/KYS Processes
Manual onboarding wastes time and resources, especially in regulated industries where staying compliant is costly and error-prone. Outdated data and inefficient workflows increase risks. Spherity's solution automates KYC/KYS processes with validated enterprise data, ensuring real-time updates and reducing manual labor while eliminating risks from outdated information.
AMLR-Ready KYC and KYS Automation for Banks and Financial Institutions
The compliance clock is ticking: From 10 July 2027, the Anti-Money Laundering Regulation (AMLR) will apply directly across the EU. For banks, financial institutions, fintechs, payment providers, insurers, and other regulated organizations, this increases the need for scalable, continuous, and auditable due diligence processes.
Spherity’s KYC and KYS solution automates these processes using signed, primary-source validated enterprise data from Bundesanzeiger Verlag. This helps compliance teams reduce manual effort, minimize risks from outdated information, and support AMLR compliance across customer and supplier due diligence.
Which Solution Matches Your Need: Seamless Integration or Instant Access?
Explore the benefits of integrating with your existing systems or using a ready-to-go standalone solution to manage authentic data effectively.
API Integration
Integrate directly into your existing IT landscape to ensure accurate, up-to-date information at all times. Our API connection provides automated data delivery from our system to yours, keeping your master data synchronized and verifiable. Ideal for enterprises seeking efficiency and consistency through system-wide integration.
Standalone Solution
Get started instantly with our standalone solution, no complex integrations required. Store and manage authentic data effortlessly with a user-friendly interface designed for simplicity and speed. Perfect for teams looking for an easy, ready-to-use platform to access and verify data.
Perpetual KYC/KYS:
Real-Time Compliance for Your Business
Real-Time Data Monitoring
Always stay informed with automatic status updates on business partner master data.
Automatic Updates
Always stay informed with automatic updates on business partner master data.
Reduce Manual Labor
Save time and resources by automating repetitive tasks, allowing your team to focus on what matters most.
Eliminate Risk
Operate confidently knowing your decisions are based on accurate, up-to-date data.
The amended eIDAS Regulation simplifies secure authentication and certified data presentation. With Spherity's KYC solution, you’re ready for the European Business Wallet rollout, enabling faster, more trustworthy transactions. Our solution seamlessly connects to European Business Wallets with no complex integrations, offering a simple, future-proof solution that streamlines compliance and keeps you ahead of the competition.
Finance
Dennis Hannemann
Head of Regulatory Strategy & Digital Identity, Bundesanzeiger Verlag
Our partnership with Spherity brings a practical approach to KYC compliance. Their credentialing solution integrates seamlessly with Bundesanzeiger Verlag's primary source data, offering banks a significant reduction of operational costs and a reliable way to meet regulatory requirements.
FAQs On The EU Anti-Money Laundering Regulation (AMLR)
Get quick answers to key questions about data, compliance, and EU regulations.
Spherity's KYC& KYS solution is our automated compliance platform designed to help financial institutions and regulated entities meet the due diligence requirements and the EU Anti-Money Laundering Regulation (AMLR). It streamlines Know Your Supplier (KYS) and Know Your Customer (KYC) processes by enabling real-time monitoring of beneficial ownership, dynamic customer due diligence (CDD) updates, and automated alerts for risk-triggering events.
Spherity's KYC& KYS solution addresses key AMLR challenges by:
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Continuously monitoring Ultimate Beneficial Ownership (UBO) structures.
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Triggering automatic updates upon customer data changes.
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Integrating enhanced due diligence (EDD) for high-risk countries and politically exposed persons (PEPs).
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Creating complete, time-stamped digital audit trails for every compliance action.
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Spherity's KYC& KYS solution leverages primary source-validated data from Bundesanzeiger Verlag, Germany’s official company register and gazette publisher. This ensures that all monitored information is accurate, up-to-date, and legally reliable.
You can integrate Spherity's KYC& KYS solution into your IT environment using:
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Seamless REST APIs, or
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A standalone SaaS platform for quick deployment and minimal setup time.
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Real-time UBO monitoring helps institutions:
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Detect changes in ownership structures as they happen.
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Stay compliant with dynamic KYC obligations.
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Eliminate reliance on periodic, outdated reviews.
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Reduce regulatory risk and manual overhead.
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AMLR increases due diligence expectations significantly:
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Up to +130% more KYC checks due to shorter review cycles.
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+15% more UBOs identified due to stricter UBO accumulation rules.
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Trigger-based reviews increase re-identification workload by 10–20%.
Spherity's KYC& KYS solution automates and manages these increases efficiently.-
Spherity's KYC& KYS solution is built for:
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Banks & Financial Institutions
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RegTech providers
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AML compliance teams
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Any organization obligated to perform KYC under EU law.
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Yes, Spherity's KYC& KYS solution automatically flags and applies EDD for:
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Entities from High-Risk Third Countries (HRTCs).
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All Politically Exposed Persons, both foreign and domestic.
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Yes, Spherity's KYC& KYS solution creates comprehensive, tamper-proof digital audit trails that are time-stamped and regulator-ready, simplifying internal audits and external reporting.