Best KYC/KYB Software in Australia: 2026 Comparison Guide

KYC and KYB checks sit at the centre of every AML/CTF program, and they’re often where gaps in a compliance program first show up. Here's how the best KYC software and KYB platforms available to Australian businesses in 2026 differ on verification depth, pricing and who they're really built for. Whether you’re choosing your first platform or reviewing the one you signed up with before the Tranche 2 deadline, this guide will help you compare the best anti-money laundering KYC software side by side.

What is KYC/KYB software?

KYC (Know Your Customer) refers to verifying the identity of an individual client before you provide a designated service to them. KYB (Know Your Business) does the same job for companies, trusts, and other entity structures, including confirming who owns and controls them.

KYC/KYB software automates these checks. Instead of manually chasing certified documents or running lookups by hand, the platform verifies identity, screens for sanctions and politically exposed persons, and flags anything that needs a closer look before a transaction proceeds.

The best KYC software in 2026

easyAML

Who is easyAML?

easyAML is an Australian AML/CTF platform built for the professions regulated under Tranche 2. Rather than repurposing an enterprise identity tool built for banks, easyAML's KYC and KYB checks were designed around how a real estate agency, conveyancing practice, law firm or accounting business onboards a client. The identity verification technology is built by Scantek, the Australian identity technology company behind easyAML, rather than licensed from a third party.

Key features of easyAML for KYC compliance

easyAML's platform features are built around the full identity verification workflow:

• Biometric identity verification for individual clients, including liveness detection, built on Scantek’s technology
• ABN and ACN lookups to confirm a company's registration details
• Beneficial owner checks that trace who actually controls a trust or company structure, satisfying the KYB side of due diligence
• Sanctions, PEP and adverse media screening run automatically on every client
• KYC and KYB checks in one workflow, rather than separate tools for individuals and entities
• Ongoing customer due diligence, so client risk can be reassessed over time rather than checked once at intake
• AML on Demand, an outsourced service where easyAML’s team runs checks on your behalf

Who is easyAML for?

easyAML's KYC and KYB checks are built specifically for real estate agents, conveyancers, lawyers and accountants. Each profession has its own patterns of higher-risk clients, whether that's an overseas property buyer, a client using a trust structure, or a company being formed for the first time, and easyAML's checks are tailored accordingly.

easyAML pricing

Plans start from $179 a month plus GST, covering the program builder, staff training and local support, with KYC and KYB verifications charged per check so costs track with the clients you actually onboard. For businesses that would rather not run checks in-house, AML on Demand lets easyAML's team handle verification for $50 per transaction.

Pros and cons of easyAML for KYC/KYB compliance

• Pros: KYC and KYB run through the same platform rather than bolted on separately, biometric verification is available on every plan, pricing is clear from the outset, and support comes from a nationwide team with account managers in every state.
  
• Cons: Because the checks are calibrated specifically to Tranche 2 professions, businesses outside real estate, conveyancing, law and accounting won't find a tailored fit here.

FrankieOne

FrankieOne connects businesses to more than 350 identity and fraud data sources through a single integration, and is used heavily by Australian banks and fintechs for onboarding at scale.

• Pros: Broad global data coverage means it can verify a wide range of international identity documents.
  
• Cons: The platform is designed as infrastructure for enterprise compliance teams to build on, which can mean more setup and configuration than a small practice wants to take on just to run basic KYC checks.

Arctic Intelligence

Arctic Intelligence is better known for its financial crime risk assessment tools than for identity verification itself, with a client base skewing toward banks, casinos and larger financial institutions.

• Pros: Strong risk-scoring capability that feeds into a broader compliance framework.
  
• Cons: KYC and KYB verification aren't the platform's primary focus, so businesses may need to pair it with a separate identity tool to cover that part of the process.

AMLHub

AMLHub, founded in New Zealand, offers face-to-face and remote identity verification for real estate, legal and accounting clients, with pricing tiered by the number of admin users on the account.

• Pros: Includes an in-app option for verifying clients face-to-face, useful for practices that still meet buyers or clients in person.
  
• Cons: Per-seat pricing suits larger teams, but may not align as closely with how many actual verifications a small practice runs each month.

Whitelight AML

Whitelight AML provides KYC support aimed at smaller regulated businesses working through their compliance obligations.

• Pros: A smaller, more personal setup process can suit a practice that wants closer guidance early on.
  
• Cons: It publishes less detail about its verification technology and data sources, so it’s worth requesting a full walkthrough before committing.

FreeAML

FreeAML markets itself as a budget-friendly way to run basic identity checks without high upfront cost.

• Pros: Low barrier to entry for a very small business testing what KYC software involves.
  
• Cons: It’s worth checking how far beneficial ownership checks go on lower-cost plans, since trust and company structures need more than a surface-level check.

First AML

First AML is an end-to-end platform with established relationships across major Australian law firms and real estate networks, verifying individuals, companies and SMSFs in one case workflow.

• Pros: Handles complex ownership structures well, including foreign entities and self-managed super funds.
  
• Cons: Pricing combines an annual platform fee with usage-based charges that are typically quoted rather than published, making it harder to estimate costs before signing up.

RealAML

RealAML focuses primarily on the legal sector, offering pay-per-use identity verification built around how law firms handle client intake.

• Pros: Verification workflow is closely matched to legal file management, reducing duplicate data entry for firms already using compatible practice software.
  
• Cons: Its legal-sector focus means the verification workflow is less suited to the client types a real estate agency or accounting practice typically deals with.

Key features to look for in KYC software

The best KYC solutions share a few things in common, regardless of price or provider:

• Biometric or document-based identity verification for individuals with liveness detection to prevent impersonation (not just a name and date of birth check)
• Checks against official government sources, such as the Document Verification Service (DVS)
• Support for foreign passports and international identity documents, if you deal with overseas clients
• Beneficial ownership tracing for companies and trusts, including how trust deeds are handled
• Automatic sanctions, PEP and adverse media screening built into onboarding
• ABN and ACN lookup to verify a company's registration status in real time
• The ability to reassess a client's risk later, not just verify them once at intake
• For conveyancers, alignment with the ARNECC Verification of Identity Standard

How to choose the right platform for your business

1. Match the tool to your client base

A platform built to verify complex multi-jurisdictional corporate structures may be overkill if most of your clients are individuals or straightforward trusts. Look for KYC/KYB checks calibrated to the entity types you deal with most.

2. Check how KYB is handled

Some platforms treat KYB as an add-on to individual KYC rather than a properly built-out process. Ask specifically how beneficial ownership is traced and documented, since that's often where a weaker platform falls short.

3. Weigh up support against price

A lower-cost tool that leaves you chasing verification issues alone can end up costing more time than a slightly pricier platform with responsive support built in. Ask whether support is based in Australia and whether you’ll have a dedicated account manager.

4. Decide how much you want to handle in-house

Some platforms offer an outsourced option, where a specialist team runs verification on your behalf. This can suit busy practices, businesses with irregular volume, or teams without anyone available to manage checks day to day.

Frequently asked questions

What is the best KYC software in Australia?

The best KYC software depends on your industry and client base. Enterprise platforms suit banks and fintechs, while Tranche 2 businesses such as real estate agents, conveyancers, lawyers and accountants are generally better served by software built around their specific designated services, such as easyAML.

What’s the difference between KYC and KYB?

KYC verifies the identity of individual clients. KYB verifies companies, trusts and other entities, including identifying the beneficial owners who ultimately own or control them.

How much does KYC software cost?

Pricing varies by provider and model, from pay-per-use and per-seat pricing to subscriptions with usage-based verification fees. easyAML plans start from $179 a month plus GST, with verifications charged per check.

Do I have to use KYC software to comply with Tranche 2?

No. The law requires you to verify your clients, not to use software to do it. However, software makes the process faster, more consistent and easier to evidence if AUSTRAC asks how your checks were completed.

Can I outsource KYC checks?

Yes. Services like easyAML’s AML on Demand let a specialist team run verification on your behalf, although your business remains responsible for meeting its AML/CTF obligations.

Find the right KYC software with easyAML

If you're weighing up the best KYC service for your industry, easyAML lets you start with a free risk assessment before committing to anything. You could be compliant in as little as 30 minutes.