Updated: October 6, 2026
In today’s rapidly evolving financial landscape, where regulators are becoming increasingly stringent, a good Know Your Customer (KYC) solution plays a critical role in the anti-money laundering and countering the financing of terrorism (AML/CFT) process. In this article, we look at some of the best KYC solution providers on the market.
KYC software helps organisations verify the identity of their customers, prevent fraud and meet regulatory requirements.
While our primary focus at AMLYZE is on AML/CFT solutions, we recognise the indispensable value of effective KYC practices. That’s why we’ve partnered with leading KYC solution providers. In this blog post, we introduce our KYC solution partners and other strong choices on the market.
What is KYC software?
Know Your Customer (KYC) software is a critical technology used by organisations, particularly in the financial sector, to verify the identity of their customers and ensure compliance with regulatory requirements.
The software automates the collection and analysis of customer information, such as identification documents, addresses and financial histories, to assess the risk of engaging with potential customers.
Using technologies such as artificial intelligence and machine learning, KYC software improves the accuracy and efficiency of identity verification, reduces the risk of fraud and helps organisations meet regulatory standards. As fraudsters increasingly use generative AI to create deepfakes and forged documents, liveness detection and deepfake detection have become essential features.
KYC is more than just a regulatory requirement. It’s a cornerstone of a safe, secure and transparent financial system. By thoroughly verifying customer identities, organisations can:
- Prevent fraud: detect and stop fraudulent activity before it affects the business.
- Ensure compliance: meet local and international regulatory standards and avoid fines and penalties.
- Build trust: foster a trusted relationship with customers by handling their data securely.
Key functions of KYC software
KYC software includes several critical features designed to streamline and strengthen customer verification:
- Identity and document verification. KYC software uses optical character recognition (OCR) to scan and verify documents such as passports, driving licences and national ID cards. Many solutions add biometric checks, such as facial recognition and liveness detection, to confirm the customer’s identity with high accuracy.
- Customer due diligence (CDD). The software helps assess the risk level of new and existing customers by analysing relevant data. For higher-risk customers, it supports more thorough checks.
- AML features. Some KYC vendors complement AML procedures by screening customers against sanctions lists and politically exposed persons (PEP) databases, or by monitoring for unusual activity.
KYC solutions should also store customer data securely and integrate with existing business systems, including AML transaction monitoring and customer risk assessment tools, to create a single compliance infrastructure.
How KYC relates to KYB
KYC and Know Your Business (KYB) solutions play complementary but distinct roles. Both are essential to mitigate risk, comply with regulations and maintain secure, trusted operations.
KYC solutions verify the identity of individual customers, ensuring that the person a business is dealing with is who they say they are. This involves collecting and verifying personal information such as name, address, date of birth and official identification documents, often combined with biometric checks.
KYB solutions verify the identity and legitimacy of businesses. This is more complex, as it involves verifying business registration details, ownership structures and financial health, often using business licences, certificates of incorporation and financial statements. KYB solutions also assess the risk of a business entity by checking for links to PEPs, sanctions lists and adverse media.
The relationship between KYC and KYB is symbiotic. For example, when onboarding a new corporate customer, a company must verify both the business entity (KYB) and the individuals who own or control it (KYC).
What changes in KYC in 2026 and 2027
Two EU regulations are reshaping KYC. The EU Anti-Money Laundering Regulation (AMLR) applies from 10 July 2027 and sets harmonised customer due diligence rules, including for remote identification. In parallel, under eIDAS 2.0, every EU member state must offer at least one European Digital Identity (EUDI) Wallet by December 2026, and banks and other regulated companies that use strong customer authentication must accept it from December 2027.
For obliged entities, this means KYC providers should be able to support wallet-based identification alongside document and biometric checks. Accepting the EUDI Wallet changes how identity is verified, but it does not replace risk-based customer due diligence. The exact obligations depend on each institution’s licence and services, so confirm them with your compliance or legal team.
Best KYC/KYB solutions and software
Below is a list of KYC/KYB solution providers (in no particular order) that we believe offer strong value. Most of them are on our official partner list (see the full list of AMLYZE partnerships here).
Ondato
Ondato is a technology company that streamlines KYC and AML-related processes using AI-powered tools covering the full spectrum of compliance challenges, from new client onboarding to ongoing client monitoring.
Ondato’s software accepts over 10,000 document templates during onboarding, so clients can be verified regardless of their location. Its identity verification service uses biometric and face-matching technology for high accuracy.
Ondato also streamlines business verification, with tools such as KYB forms, ultimate beneficial ownership mapping and remote collection of business information.
Why choose Ondato? It is a single platform for all jurisdictions, so you can onboard clients from anywhere and adapt to jurisdiction-specific regulations.
iDenfy
iDenfy secures startups, financial institutions and digital services with a three-step identity verification process designed to prevent identity fraud. It combines AI and manual checks to confirm that users are genuine.
iDenfy’s system automatically recognises, verifies and extracts information from over 3,000 identity documents in 200 countries and territories, from passports and ID cards to driving licences and residence permits. Biometric and facial recognition algorithms check that the face is real, preventing the use of photos, 3D masks and other forgeries. Its KYB software covers AML requirements in a single dashboard or API integration and connects to over 180 business registries in more than 120 countries for real-time data.
Why choose iDenfy? With human oversight, customers are onboarded in an average of 5 minutes instead of waiting one to two business days, and 3D facial recognition can be combined with two-step facial authentication for a fast verification flow.
Shufti (formerly Shufti Pro)
Shufti helps businesses verify identities, documents and accounts, covering KYC, KYB, KYI and AML. The company rebranded from Shufti Pro to Shufti in 2024 and says it is trusted by more than 2,000 businesses worldwide, across industries from finance and crypto to insurance and e-commerce. It supports document verification in 150+ languages across 240+ countries and territories.
Using AI-driven automation, Shufti secures processes such as customer onboarding and account opening. End users capture and submit an image of their ID, and Shufti’s OCR-powered engine extracts the required data and validates the document’s format and information in seconds.
Why choose Shufti? Its broad global coverage of countries and document types through a single API, combined with a global team of verification specialists, suits organisations onboarding customers worldwide.
Veriff
Veriff is an AI-powered identity verification platform for fraud prevention, compliance and customer protection. The company supports 48 languages and dialects and covers over 11,500 identity documents from 240+ countries and territories.
According to Veriff, 95% of genuine users are verified on the first attempt, and its platform can increase conversion rates by up to 30%.
Veriff’s biometric authentication uses AI and facial biometrics to quickly and securely authenticate returning users. The process can be integrated at any stage of the user journey, such as account access, high-risk actions or account recovery.
Why choose Veriff? It confirms that the user is real and present during the session without asking them to take extra or unnatural actions.
TransactionLink
TransactionLink is a Berlin-based no-code platform that helps businesses build their own onboarding processes and streamline AML/KYC compliance. Its focus today is KYB and merchant onboarding automation for banks, payment service providers, acquirers and fintechs.
The platform combines white-label onboarding forms, a no-code business logic builder and case management. It offers over 150 ready-made integrations with KYC/KYB data sources across more than 100 geographies, and supports checks such as Mastercard MATCH and Visa merchant screening for PSPs. It speeds up merchant activation, reduces manual work when opening business accounts and reduces onboarding drop-off.
Why choose TransactionLink? According to the company, established players have cut onboarding costs by as much as 70%, while scale-ups get ready-made onboarding processes as they expand into new markets.
Entrust (formerly Onfido)
Onfido, one of the best-known names in automated identity verification, was acquired by Entrust in April 2024 and now operates as Entrust Identity Verification. It verifies user identities using document and biometric verification, trusted data sources and passive fraud signals, and is now part of Entrust’s wider identity security portfolio, alongside authentication and digital signing.
The AI-powered solutions are built with fairness and inclusivity in mind and have received awards for accessibility and algorithmic bias mitigation.
Why choose Entrust? Its Atlas AI uses a micro-model approach designed to reduce bias and verify customer biometrics in seconds, and its liveness detection is built to spot deepfakes, video spoofs and masks. Customers can also combine identity verification with other Entrust identity and access tools.
ZignSec
ZignSec is a KYC, AML and identity verification platform that helps organisations streamline, orchestrate and strengthen compliance. The Swedish company was founded in 2015 to enable safe and secure digital identity verification. In late 2024, it was taken private by G2 Risk Solutions and delisted from Nasdaq First North, and it now operates as part of G2’s risk management offering.
ZignSec uses machine learning to verify users and capture documents, adapting as your business grows. Clear feedback helps achieve high first-time pass rates.
ZignSec identifies fake IDs, fake bank statements and manipulated invoices using an adaptive fraud detection system that analyses both content and metadata.
Why choose ZignSec? Its detection evaluates over 500 attributes, including those invisible to the human eye, and recognises issuer-specific document characteristics for tailored processing.
Jumio
Jumio provides a unified, end-to-end identity verification and eKYC orchestration platform. It offers solutions to establish, maintain and reassert trust from account opening to ongoing monitoring.
Jumio’s solutions are used across financial services, the sharing economy, digital currency, retail, travel and online gaming. Headquartered in Sunnyvale, California, Jumio operates globally, with offices in North America, Latin America, Europe, Asia-Pacific and the Middle East.
The platform can check personal information against over 500 global data sources, including name, address, date of birth, phone, email, device, IP address and bank account status.
Why choose Jumio? It supports more than 5,000 ID documents across 200 countries and territories and has won multiple industry awards for innovation and technology.
Checkout.com
Checkout.com is a financial technology company best known for its payments platform, which enterprises and scaling businesses use to process payments, send payouts and manage card programmes.
Since acquiring French identity verification company ubble in 2022, Checkout.com also offers an identity verification solution that helps businesses meet compliance requirements and reduce fraud. The 24/7 service authenticates over 3,000 government-issued IDs and documents from 195 countries.
Checkout.com is headquartered in London, with offices on six continents. Customers include global brands such as Sony, SHEIN, Wise and Patreon.
Why choose Checkout.com? Its identity verification combines automated and human review to detect physical and digital counterfeits, including deepfakes, and is a natural fit for businesses that already use Checkout.com for payments.
AMLYZE approach to KYC solution providers
AMLYZE is a Software-as-a-Service (SaaS) RegTech company offering a suite of anti-financial crime solutions for financial service providers. Our modules include real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, customer screening and payment screening for sanctions, PEPs and adverse media.
We do not provide KYC services directly, but we understand that client onboarding and identity verification are critical parts of a robust compliance framework. The data collected during KYC and KYB is the starting point for customer risk assessment and ongoing monitoring, so the two need to work together.
To give our clients the best possible compliance setup, we have formed strategic partnerships with leading KYC/KYB providers. Our team includes people with many years of experience in financial intelligence units and regulatory bodies, and these partnerships allow us to recommend KYC solutions that complement our AML offering. You can find a list of our partners here, or fill in the contact form and we will recommend a KYC/KYB partner that fits your needs.
Frequently asked questions about KYC solutions
What is KYC software and why is it important?
Know Your Customer (KYC) software is technology used to verify the identity of customers. It is needed to ensure regulatory compliance, prevent fraud and mitigate risk. It is essential for organisations, especially in the financial sector, because it accurately confirms customer identities, helping them comply with laws and regulations and maintain trust and security in their operations.
Why doesn’t AMLYZE offer KYC services?
AMLYZE specialises in anti-money laundering (AML) solutions, and we recognise the critical role of KYC in the compliance ecosystem. Rather than offering KYC services directly, we partner with leading KYC providers who specialise in this area. This lets us focus on our core strengths while our customers get access to strong KYC solutions through trusted partners.
How do AML solutions integrate with KYC software?
KYC and KYB providers verify who the customer is and collect the onboarding data. That data then feeds AML tools such as customer risk assessment, screening and transaction monitoring, typically through APIs. A clean integration means risk scores and monitoring are based on verified, up-to-date customer information, without manual re-entry.
What are the benefits of partnering with specialised KYC providers?
Specialised KYC providers bring deep expertise and experience in identity verification. They help ensure your business meets regulatory requirements with up-to-date KYC processes, streamline customer onboarding and verification to reduce time and costs, and protect customer data with advanced security measures.
What should companies look for in a KYC solution provider?
Look for providers with a strong track record and specialised expertise in identity verification and customer due diligence. Make sure the provider keeps up with regulatory changes and can help your business stay compliant. Choose providers that use advanced technology and robust security measures to protect customer data, including liveness and deepfake detection. Finally, make sure the KYC solution can be easily integrated with your existing systems, including AML platforms, and check its roadmap for supporting the EUDI Wallet.
What is the EUDI Wallet and how will it change KYC?
The European Digital Identity (EUDI) Wallet is a digital identity wallet created under the eIDAS 2.0 regulation. Every EU member state must offer at least one wallet by December 2026, and banks and other regulated companies that use strong customer authentication must accept it from December 2027. Customers will be able to share verified identity data directly from the wallet, which can make onboarding faster. It changes how identity is verified, but does not replace risk-based customer due diligence.
How does the AMLR affect KYC?
The EU Anti-Money Laundering Regulation (AMLR) applies directly in all member states from 10 July 2027. It harmonises customer due diligence rules across the EU, including how customers are identified and verified, what information is collected and how often it is updated. Obliged entities should check that their KYC processes and providers can support the new requirements, and confirm the details with their compliance or legal team.
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