Compare the Top KYB Software in 2025
KYB software is designed to help organizations verify the identity and background of other businesses they wish to work with. It falls under the category of business due diligence software along with KYC (know your customer) applications. KYB platforms allow companies to screen potential vendors, partners, and clients by checking business registrations, financial records, legal issues, and other data sources. The goal is to prevent illegal or unethical business dealings by ensuring businesses really are who they claim to be. KYB tools often incorporate artificial intelligence and machine learning to automate the verification process. Here's a list of the best KYB software:
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1
Authologic
Authologic
Authologic automates and streamlines KYB verification by securely connecting to global company registries, ownership databases, and trusted data providers. The platform fully supports automated business onboarding, beneficial ownership (UBO) checks, and continuous compliance monitoring. Authologic integrates over 50 providers in more than 200 countries, ensuring consistent and compliant identity verification globally. -
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ARGOS Identity
ARGOS Identity
ARGOS is an AI-powered Identity Platform. We revolutionize how the world experiences identity. We create essential identity services for people and businesses to ensure a secure digital ecosystem worldwide. We provide services to help you identify Anyone Anywhere Anytime! ARGOS’s ID check enables seamless remote identity verification for blockchain, gaming, virtual assets, e-commerce, and fintech. With 99.996%+ accuracy, it delivers facial recognition within a day, minimizing verification errors. Supporting IDs from 200+ countries, it uses Liveness technology to detect forged faces and documents for secure authentication. As an all-in-one solution, ID check combines essential verification engines, eliminating the need for separate integrations. Businesses can also customize features as needed. From data extraction to fraud prevention, ARGOS helps businesses enhance security, streamline operations, and prevent fraud efficiently. Grow your business with our service!Starting Price: $0.11 per submission -
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Sumsub
Sumsub
Sumsub is a full-cycle verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, AML, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business. Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 97.89% in Hong Kong—while verifying users in less than 50 seconds on average. Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin). Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.Starting Price: $1.35 per verification -
4
D&B Risk Analytics
Dun & Bradstreet
Risk, procurement, and compliance teams across the globe are under pressure to deal with geopolitical and business risks. Third-party risk exposure is impacted by rapidly scaling complexity in domestic and cross-border businesses, along with complicated and diverse regulations. It is extremely important for companies to proactively manage their third-party relationships. An AI-powered solution to mitigate and monitor counterparty risks on a continuous basis, this cutting-edge platform is powered by D&B’s Data Cloud with 520M+ Global Business Records and 2B+ yearly updates for third-party risk insights. With high-risk procurement alerts and multibillion match points, D&B Risk Analytics leverages best-in-class risk data to help drive informed decisions. Perform quick and comprehensive screening, using intelligent workflows. Receive ongoing alerts of key business indicators and disruptions. -
5
iDenfy
iDenfy
Powerful, all-in-one identity verification, fraud prevention, and compliance platform. iDenfy protects startups, financial institutions, gambling, streaming, ridesharing, and other digital services from identity fraud using a three-layer identity verification process. The process protects businesses from the most threatening forms of identity fraud. iDenfy also provides services for business verification, proxy detection, fraud scoring, AML screening and monitoring, NFC verification, and other fraud prevention services. Founded before AML, fraud, and GDPR regulations were put into place, iDenfy pioneered identity verification. The company covers users' ID verification process in full, combining AI-based biometric recognition and manual human checks to ensure they are real users. Save up to 40% of identity verification costs using our ID verification software. Pay per successful ID verification and save up to 40% of identity verification services expenses.Starting Price: €0.5 per verification -
6
Preventor
Preventor
Preventor is an all-in-one SaaS platform that streamlines digital onboarding, compliance, and core banking operations. It supports eKYC/eKYB with biometric ID verification, global document coverage, electronic signatures, and customizable workflows. Preventor includes real-time AML sanctions screening, PEP/adverse media checks, transaction monitoring, risk scoring, and case management. It also features a core banking engine with account origination, e-banking, and full lifecycle support for retail and business products. Built for security, scalability, and regulatory compliance, Preventor’s modular design allows for flexible deployment and seamless integration. -
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Simplici
Simplici
Create a frictionless customer experience, enhance operational efficiency and cut costs: The ultimate account origination, KYB/KYC verification, and funding solution. Reduce your compliance risk by implementing Simplici’s Compliance Fabric™ which combines strong KYC (Know Your Customer) and AML (Anti-Money Laundering) tools, giving you a complete compliance solution while drastically reducing fraud. Design branded ID verification flows for KYC/KYB in minutes with automated tasks boosting user conversion. Safeguard your business and clients from fraud by combining biometrics, device information, liveness checks, and relevant KYC data.Starting Price: $4.99 per user per month -
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ComplyCube
ComplyCube
ComplyCube is a market-leading identity verification platform for automating and simplifying Identity Verification (IDV), Anti-Money Laundering (AML), and Know Your Customer (KYC) compliance, with customers across government, legal, telecoms, financial services, healthcare, e-commerce, cryptocurrency, travel, and more. It offers the most complete, flexible, and cost-effective AML/KYC tools to help you build trust in your business - Whether you’re a startup or a multinational enterprise, ComplyCube will have a solution tailored to your needs. ComplyCube boasts the fastest omnichannel integration turnaround in the market with Low/No-Code solutions, API, Mobile & Web SDKs, Client Libraries, and CRM Integrations.Starting Price: $0.10 per credit -
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Sila
Sila
Sila is an end-to-end payment platform that provides Banking-as-a-Service through a developer-friendly payment API that is scalable and allows for fast and secure money transfers. Sila’s payment platform streamlines building and launching fintech apps and embedded payment products for financial products, fintech, crypto, and Web3. Sila’s offerings include Virtual Accounts, Digital Wallets, KYC/KYB, and ACH payments APIs for software teams. Additional functionality is available through a network of pre-approved and pre-integrated partners (to different degrees). Sila was recognized as the Best Payments as a Service Platform by the 2022 Embedded Banking Awards of Tearsheet. Sila is headquartered in Portland, Oregon. -
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Ondato
Ondato
Ondato is a tech company that streamlines KYC and AML-related processes. We're providing advanced technological solutions for digital identity verification, business customer onboarding, data validation, fraud detection, and more. All of them meet the highest quality standards available for KYC online or offline onboarding for all business and customer types orchestrated from a single interface. We're turning compliance into a business benefit by creating a safer environment for organizations and individuals alike.Starting Price: €149.00/month -
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Verify 365
Verify 365
Verify 365 is the advanced client onboarding solution for law firms, estate agents, accountants and IFAs. With Verify 365, you can rest assured that your clients are thoroughly vetted, saving you time and reducing the risk of fraud. Verify 365 offers biometric verification, ensuring that your clients are who they say they are. Verify 365 conducts thorough ID checks, including government-issued ID and address verification. Our AML checks ensure that your clients are not on any financial crime watchlists. We also perform source of funds checks to ensure that the money your clients are using is legitimate. Verify 365 also includes e-payment and e-signature capabilities, making the onboarding process fast and efficient. Verify 365 supports over 10,000 government-issued IDs from over 200 countries. Our global reach allows you to verify your clients from all corners of the world.Starting Price: $2,50 per verification -
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Prembly
Prembly
Prembly is the go-to simplified KYC/KYB solution company, enabling digital businesses acquire and onboard customers with ease through tools that can be accessed for instant Data verification, Document Verification, and Biometric Authentication.Starting Price: $0.5/API Calls -
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dilisense
dilisense
Perform your sanctions screening and PEP check obligations with dilisense. Navigating the complex landscape of AML, KYC and CTF regulations can be a challenging task for compliance officers. dilisense offers an efficient, reliable sanctions screening and PEP check solution to ensure your organization stays ahead of regulatory requirements and mitigates risk effectively. Our sanctions database covers OFAC, EU, OFSI, UN and over 120 other sanction lists. The PEP and criminal watchlist database covers global, regional and local sources. Besides providing access via REST API, we also provide the option to download the full database to your premises with multiple updates per day. With prices as low as 0.01 EUR per screening, costs play no longer a role in your compliance strategy and sanctions screening procedures. For a quick start, we also offer Batch Screenings from within MS Excel files which can be started with no integration or set-up effort.Starting Price: €0.01 per screening -
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Shufti Pro
Shufti Pro
Shufti Pro is a user-friendly identity verification software that fills the gaps between clients and their consumers. It offers end-to-end identity verification services to businesses by providing them a safe and hassle-free platform to verify identities of their consumers or users in less than a minute, all aimed to deter and prevent, among other use-cases, fraudulent activities, online theft, and identity scams, and ultimately providing a reliable market place. Shufti Pro allows you to simply use the camera of your mobile device in real-time to capture and upload your selfie or a picture of your supported identity document to begin the process. With the OCR technology, data is extracted from the captured image and compared with the data provided to our systems. The two data sets are assessed meticulously, processed, correlated, and analyzed to generate results; all this is done in fraction of a minute.Starting Price: 0.20 -
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Trulioo
Trulioo
Protect your company and customers from all types of identity risk. Technology improves, regulations evolve and customers want better service. Choose an identity verification provider that can change with you. GlobalGateway makes it easy to leverage the services that fit your business needs, now and in the future. Leverage our expertise to support cross-border compliance with Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) regulations.Starting Price: $99.00/month -
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Veriff
Veriff
Veriff is the preferred identity verification and authentication platform partner for the world's most innovative growth-driven organizations, including online marketplaces, financial services, gaming and mobility companies, and other sectors. By combining AI and human verification teams, Veriff ensures bad actors are kept at bay, and genuine users experience minimal friction in their customer journey. Veriff enables organizations to build customer trust through seamless, AI-powered identity verification and authentication. The Veriff IDV platform offers secure, scalable solutions trusted by organizations across industries. Veriff’s identity verification platform comes with a 98% check automation rate, a six-second average decision time, more than 12,000 identity documents in our document database, and a first-class UX that allows 95% of users to be verified on the first try.Starting Price: $49/month -
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NameScan
MemberCheck
Complete Pay-As-You-Go risk management solutions for organisations worldwide NameScan help organisations, comply with AML/CTF and Sanctions regulations, and reduce their reputational risk, by providing KYC and KYB screening solutions. NameScan is an integrated all-in-one platform, offering Anti Money Laundering and Counter Terrorism Financing solutions. Helping streamline your AML compliance with NameScan's specialised PEP/Sanction and Adverse Media screening solutions. NameScan can help you comply with AML/CTF regulations by screening against our comprehensive global sanctions data which is delivered and monitored in real time. Coverage includes every major global watchlist such as UN, EU, DFAT, and OFAC, and more.Starting Price: $0.51 per scan -
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Tazapay
Tazapay
Expand globally with Tazapay, your cross-border payment gateway. Simplify international transactions without local entities. Simplify with Tazapay, a unified platform for efficient worldwide payment collection. Your money is securely held until the shipment is completed and you get your money back if the shipment is delayed. Your money is released in full as soon as you ship the goods. Buyer cannot withhold or deny your payment if you meet your obligations. As a trusted third party, Tazapay holds the buyer’s funds until the vendor delivers the service. Tazapay releases the funds to the vendor upon verification of the proof of service delivery. All escrow funds are segregated and safeguarded with leading banks, under the jurisdiction of the mas. We take on the compliance and regulatory overhead so you don’t have to. Milestones for payment release can be customized to suit your business needs. Operational capability to do KYC, KYB, and verification of shipment documents.Starting Price: $2 per month -
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UpPass
UpPass
A single API that unifies verification methods, fraud tech, and trusted financial and identity data in Southeast Asia. Reduce integration and testing time to a matter of a few days. Access to truly local financial and identity data sources digitally. Validate individual or business information and their addresses with local data sources and AML lists to make sure you acquire only legitimate customers. Make suspicious users go through a series of verifications and streamline the process for genuine users with decision workflow. Build a seamless verification flow that fits your risk and compliance requirements. Chat with experts and choose the verifications, fraud services, and local data integration that fit your needs. Orchestrate the fraud decision with rules from various data sources. Set up a single API decision workflow for a personalized experience that can be embedded anywhere in your user journey.Starting Price: $0.20 USD per credit -
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MemberCheck
MemberCheck
Effortless AML Risk & Compliance Solution With over 13 years of experience in the industry, MemberCheck offers a risk management solution that provides an AML/CTF and KYC screening platform, for medium to large organisations, enabling them to comply with regulatory obligations and manage their reputational risk. By using MemberCheck, you can build trust throughout your customer journey. Use sophisticated due diligence workflow to speed up your customer onboarding. You can screen against a global database of PEP/Sanction lists, and adverse media, and identify if your customers are politically exposed, sanctioned or have an adverse media profile. MemberCheck’s RESTful API allows complete end-to-end integration with your own web application or CRM. -
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TruNarrative
TruNarrative
Easy Onboarding. Smooth Transactions. Dynamic Risk-Rating. Digital Transformation for; Identity Verification, eKYC & eKYB, Fraud Detection, AML Compliance, FRAML, Risk Assessment, and Account Monitoring in a single solution through one API. Make real-time automated decisions on transactional and customer account behavior through our sophisticated yet simple-to-use no-code platform. Control operational expense, reduce false positives alerts, and deploy virtual AI agents in one click to review at scale in line with your own volumes. Orchestration of complex decisions combined with shareStarting Price: £99.50 -
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Sigma360
Sigma360
Sigma360 is the future of financial crime compliance. Our AI-powered risk intelligence platform is purpose-built to help organizations across finance, compliance, and legal mitigate risk with speed and precision. Sigma360 offers end-to-end capabilities—including sanctions and watchlist screening, adverse media insights, perpetual KYC, and advanced AML investigations—all in one low-code, high-impact platform. Aggregating real-time data from global watchlists, corporate registries, and news sources, we deliver continuously updated, customizable risk scoring that adapts to your needs. Whether you’re monitoring 1,000 or 1 billion records, Sigma360 scales effortlessly with enterprise-grade security, SOC 2 compliance, and daily testing baked in. Designed for startups to global institutions, it requires minimal developer support and integrates seamlessly into your workflows. With Sigma360, you can detect risk earlier, automate compliance, and act decisively—without slowing down. -
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EnQualify
Enqura
EnQualify is a digital ID verification product, empowered by state-of-the-art ‘AI on Mobile’ technology. It redefines identity verification by seamlessly integrating advanced features. With a fully automated all-in-one KYC/KYB platform, it eliminates the hassles of traditional verification processes, offering businesses and individuals a seamless and secure way to verify identities anytime, anywhere. EnQualify completes identity verification, facial recognition, and liveness detection all within 5 seconds. AI-driven, self-service KYC solutions instantly detect and prevent deepfakes, ensuring businesses stay secure and compliant. With decentralized technology, EnQualify enhances security, speeds up validation processes, and gives individuals control over their personal data. Additionally, EnQualify's cutting-edge Virtual Audio Assistance revolutionizes the user experience of digital ID verification. -
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Solar Staff
Solar Staff
Solar Staff provides a one-stop-shop solution for businesses' interaction with independent contractors. It offers talent onboarding, task management, security checks, payments made to 220 countries and territories, copyright rights transactions and tax payments for freelancers from different jurisdictions. Solar Staff allows more than 1,600 businesses to interact with 700,000 freelancers from 197 countries. Service is free for freelancers, clients' commission ranges from 3.5% to 9% and depends on the payment amount. API solutions for task management optimization, KYB and KYC procedures for compliance with global and local regulations, payments available in 3 currencies (USD, EUR and RUB) to card, bank account and e-wallet. PCI DSS certified for financial data storage. Independent contractors receive money as soon as the client has paid with immediate withdrawal available. Quickest client onboarding time starts from 2 hours. -
25
Trolley
Trolley
Pay your recipients, anywhere. Fast, efficient, automated payouts. Trolley is a modern payouts platform designed for the internet economy. One set of integrated tools offering end-to-end payouts automation. Enabling payouts worldwide to 210+ countries and territories. Automate recipient onboarding, payments, and tax compliance through one payouts system that delivers a seamless experience to your recipients. Verify identity and build a best-in-class recipient experience. Streamline onboarding, KYC compliance, and automate communication to recipients with a self-service, white-label solution. Gain access to one of the broadest global payment networks, offering flexible payout options to recipients, and making payouts faster than ever.Starting Price: $49/month -
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Facctum
Facctum
Facctum is a next-generation compliance intelligence platform that enables financial institutions to detect, screen, and manage financial crime risks in real time. Leveraging AI and high-performance infrastructure, Facctum automates watchlist screening, sanctions compliance, name matching, and alert adjudication across customer and transaction data. Built for modern compliance teams, Facctum reduces false positives, accelerates decision-making, and integrates seamlessly into complex regulatory workflows via scalable APIs. Whether you’re a fintech, bank, or payments firm, Facctum delivers faster, smarter, and more accurate risk control — without compromise. -
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uqudo
uqudo
uqudo is MEA's leading digital identity platform, delivering end-to-end verification that safeguards every customer touchpoint. Our award-winning suite seamlessly integrates white-label KYC, KYB, AML Screening, Transaction Monitoring, and Biometric Authentication to embed trust into digital interactions. We empower enterprises and scaleups to accelerate digital transformation, slash operational costs, deliver frictionless user experiences, ensure regulatory compliance, and eliminate fraud. With proven expertise spanning Banking, Telecommunications, Fintech, Trading, and national identity programs, uqudo processes millions of verifications annually across the region. -
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Bynn
Bynn
Bynn is an AI-first identity verification and anti-fraud platform that streamlines KYC, KYB, AML, and related compliance by automatically verifying individuals and businesses at a global scale with real-time risk assessment. It recognizes and extracts data from over 14,000 identity document types across 200+ countries, combines live document capture, certified face match, and liveness detection to defeat deepfakes, and applies AI-driven forensic analysis to detect manipulation, forged elements, and synthetic identities. Business verification is similarly automated, onboarding entities via intelligent document ingestion, ownership verification, and automated compliance decisioning with the option of human-in-the-loop review. Continuous AML screening, proxy and anonymous IP detection, age and utility bill verification, and an advanced customer risk profiling layer to prevent evolving fraud while preserving conversion by reducing unnecessary drop-offs. -
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KYC Portal
Aqubix Ltd / Finopz
KYC Portal focuses on streamlining and automating the back-office of any due diligence process. It allows you to define and manage all your regulatory and policy requirements within the system and it then provides the operational capacity to automate and manage the entire process from on-boarding relationship management all throughout the automation of ongoing aspects of KYC such as risk-based approach, reporting, document requests, automated risk-based questionnaires etc. KYCP hooks up with any 3rd party provider/s that you might choose on the market, giving you a centralised, due diligence workflow solution. -
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ZignSec
ZignSec
The best solution to business tasks of KYC, AML and verification procedure. Our software verifies over 3,000 government-issued documents from more than 190 countries. That's millions of verified identities a year and a lot of people working behind the scenes to help make the lives of millions, and one day billions, of people safer online. Automate the KYC & AML. Utilize the best customer experience. Award-winning customer due diligence software designed by ZignSec: 👉 Perform the verification quickly and in automated mode to give your users a great experience. 👉 Receive full compliance with the regulations and standards of eKYC with the platform that has successfully completed an audit by Big4. 👉 The best document recognition on the market, including non-Latin languages. 👉 Save money if your customer needs more than one attempt at verification. -
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PassFort Lifecycle
Moody's Analytics
Rapidly onboard, off-board and monitor customers at scale. Our low-to-no-code SaaS solution thrives on complexity and empowers compliance teams in regulated financial services firms to be efficient and build trusted customer relationships globally. Connect your data providers in one place. You have a world of customers to onboard, let’s do that in one place. Use PassFort Lifecycle to access market-leading identity verification, credit, business registry and fraud data around the world through a single API. Rapidly onboard new customers then manage risk and compliance throughout the customer lifecycle. Create automated workflows for KYC, KYB and AML policies with a SaaS solution that puts the weight of activity on our risk engine not your colleagues or customers. Speed up manual processes or remedial tasks that can’t be automated, and bring your compliance team in where they add value for analysis, judgment and decision-making. -
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iComply
iComply
Institutional-grade KYC and AML compliance software to reduce cost and mitigate risk throughout the customer lifecycle. Create drag-and-drop widgets for easy deployment into any website or mobile app. Make sure the user behind the screen is the legal entity with whom you are contracted. Reduce cost, false positives, and manual processes with artificial intelligence. Easily configure and deploy secure, encrypted compliance widgets into your website or mobile application. Create unique KYC journeys, configure workflows, and customize styling to your brand. Copy and paste your compliance widget into any secure website or mobile application. Start onboarding clients immediately; provide staff secure remote access. Add widgets and update workflows at any time, such as e-signatures or REST API. -
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Onfido
Entrust
Onfido, an Entrust company, is a technology provider specializing in AI-powered digital identity verification to help businesses securely and efficiently onboard customers. Its Real Identity Platform verifies users by analyzing government-issued IDs and matching them with facial biometrics, ensuring accurate authentication. Supporting various document types, including passports and driver’s licenses, Onfido integrates seamlessly with business systems to create a frictionless user experience. Its solutions help organizations reduce fraud, comply with global regulations, and streamline customer acquisition. With a focus on trust and security, Onfido enables businesses to verify identities with confidence in an increasingly digital world. -
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IDology
GBG IDology
Approve More Customers with Less Risk Using IDology's ExpectID Identity Verification Solutions. Doing business in a digital environment generates not only significant revenue opportunities but also substantial risk. It is important for businesses and financial institutions to implement Know Your Customer (KYC) processes in order to maintain due diligence, deter fraudsters, and be in compliance with anti-money laundering (AML) regulations. The ability of an online identity verification service to process and approve customers quickly and without friction is the key to competitive success. ExpectID uses a multi-layered process to access thousands of data sources containing billions of public records to instantly validate an identity while also providing predictive, intelligent information around that identity. This enables you to make quicker and smarter decisions on what to do next: approve, deny, or escalate. -
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Cedar Rose eIDV
Cedar Rose
What is Identity Verification? Private companies are increasingly using eIDV (Electronic Identity Verification) to instantly confirm whether information provided at the point of sale by a website user or potential client is legitimate. This risk management solution can instantly confirm the identity of an individual (KYC) or of a business (KYB). It is commonly used by banks and financial services companies, payment processors, e-wallets and e-commerce solution providers. Connect your system directly to ours, accessing data on over 160 million individuals and over 12 million companies, via our flexible and established API. Identification data is checked and one of two results is instantly returned. Either a match, where the result is verified or a no match, where the result has not been verified. Whether it is a KYB or a KYC check, the user enters verification data such as the company name, person’s name, ID number, address, depending on the country of origin.Starting Price: €500 -
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Alessa
Alessa
Alessa provides all the anti-money laundering (AML) capabilities that banks, money services businesses (MSBs), Fintechs, casinos and other regulated industries need – all within one platform. Alessa includes APIs for integration with onboarding systems to verify identities and search sanctions, politically exposed persons (PEPs), OFAC, and proprietary lists in real time. Use this information to update the risks associated with an entity. Alessa leverages data from various sources to create a risk score. Risk factors, weights, scores, and aggregates are all configurable by the organization to match their risk appetite and tolerance. Periodic reviews are managed by workflows and scores are updated based on the entities’ activities. With Alessa, monitor every financial activity to get a holistic view of customer activities. The solution generates alerts for suspicious activity and sends them to the appropriate personnel for investigation and reporting. -
37
kompany
Moody's Analytics
Our Live Search seamlessly connects you to commercial registers, financial authorities and tax offices from around the world in real-time, providing instant access to primary source information on more than 115 million companies across over 200 jurisdictions. Our global network provides an unparalleled real-time information search experience. With direct connections to government registers, financial authorities and tax offices around the world, official company information is only a click away. Choose between our KYC API and web application KYC workspace to complete real-time business verification, client onboarding and enhanced due diligence tasks with the support of our global register network of audit-proof data. Both offer access to our shareholder identification tool, UBO discovery. KYC onchain supports our API users to provide a secure data trail of requests and responses. -
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Sedicii
Sedicii
Sedicii has built a solution that enables a citizen to verify one or several aspects of their identity against one or several identity providers ( IdPs). IdPs can be either authoritative or corroborative. Sedicii has developed a solution, KYCexpert, which enables organisations to onboard corporate and individual clients in a simple, easy to use cloud based solution. In the context of Anti-Money Laundering (AML) transaction monitoring processes, banks can collaborate and jointly compute advanced risk assessment algorithms that consume information available in the different banks about their customers without actually having to share that information by using our patented multi-party computation (MPC) cryptographic protocol. Sedicii has developed a solution, KYCexpert, which enables organisations to onboard corporate and individual clients in a simple, easy to use cloud based solution. -
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BankingLab
BankingLab
BankingLab is a unified SaaS banking platform that provides a full stack of digital banking services. The platform has specific modules for customer account management, for payments processing, for issuing debit/credit payment cards, for providing loans and for deposits. The platform also provides access to accounts via API to web or mobile devices. BankingLab is a service provider that helps to turn good ideas into successful fintechs. We help entrepreneurs with our technology guiding you from business ideas to successful licensed financial institutions. Building the future of fintech requires talents. We are proud of our employees who deepen their knowledge daily by helping our customers to develop competitive products and services. Apply if you want to become one. Please focus on your customers, leave technology to us. Online identity verification with KYC/KYB, payment cards issuing, and banking infrastructure. -
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Vent Finance
Vent
VENT is the easiest way to research and invest in new crypto projects. Sign up and get started today. To build a trustworthy environment, project owners are required to pass a KYC/KYB and a Vent screening check. We support crypto projects in ideation and established ones looking to launch their token offering. We create the conditions for you to achieve sustainable growth. You have complete control over your launch. We provide tools you need to raise funds, leveraging your already established community of passionate investors. Vent is redefining the funding process with a crowd-sourced framework that sets you up for success. We have set aside the current complex and demanding processes to provide you with the tools you need to thrive. Starting a crypto startup is rough. The majority fail. That is why we are here to help you find the right community filled by investors who believe in your future. -
41
Middesk
Middesk
Verify, underwrite, and enable your customers to grow their businesses with Middesk's identity-as-a-service APIs. Get a complete and accurate view of your customers including entity names, officers, business addresses, TIN verification, and watchlist screening. Start by telling us a customer's business name and address, and Middesk will automatically search UCC Portals to return lien origination details, amendments, history, and supporting documents. We offer an Agent dashboard for distributed companies and a Tax API for HR platforms enabling you to set up payroll tax accounts, register with the Secretary of State, and manage government communications. Understanding business and tax registration requirements in each state is time-consuming and distracting. Spend 5 minutes telling us about your business, and we'll create all of the accounts you need to operate and pay employees in any state. -
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FrankieOne
FrankieOne
Our customers are digitally-focused financial institutions and fintech companies, including major global banks, neobanks, platform banks and rapidly scaling fintech companies. With access to 350+ data sources, FrankieOne enables companies to make better decisions with more information. FrankieOne makes it easy for companies to quickly and safely onboard more customers, mitigating fraud and high-cost financial risk. All the screens you need to improve customer experience and increase conversions in one easy-to-implement web component. Fully customize the look and feel to fit seamlessly within your existing onboarding flow. FrankieOne is a cloud-native, end-to-end platform that automates data capture and decision-making for customer onboarding and ongoing monitoring. It handles the orchestration of all third-party tools from biometrics, KYC, KYB, and AML through to fraud. It's a SaaS offering, with no expensive infrastructure, is fully hosted and managed, always up-to-date. -
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Vespia
Vespia
Vespia is an all-in-one AML solution for verifying and onboarding business customers and partners in under 30 seconds. We help AML-obligated businesses understand whom they are dealing with using the power of AI. -
44
SaaSPay
SaaSPay
Convert more annual deals by giving customers the option to pay back up to 8 months later. Convert monthly deals to annual packages to increase AOV. Generate leads with SaaSPay’s flexible financing solution. Get paid on day 1, no month-on-month payment chasing. Get paid upfront. Convert monthly subscribers to annual customers with one-click financing. Upload your customer details and list down your products and their subscription tiers. Get paid in full, on day 1. Receive a year's worth of payment in your bank account as soon as you sell! Complete a simple KYB process to get your SaaSPay account up and running. Maximize your team's potential by adding unlimited team members. Analyze different package performances with our powerful analytics feature. Identify opportunities for upselling with our customer usage analysis. One-click BNPL to boost annual subscription sales. Empower your customers with flexible repayment options. -
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Synaps
Synaps
Synaps provides identity verification solutions from personhood validation to regulated KYC/AML and KYB processes. Identification is a challenging task within the crypto industry. Needs vary from eliminating bots to complying with increasing regulations. Synaps has designed a gradual identification flow for web3 to answer any of your identity and compliance challenges while staying true to the privacy-friendly ethos of the crypto industry. Integration of Anima protocol for instant user identification. In-house legal experts and regulatory-compliant solutions. Trustworthy technology to guarantee data privacy. Benefit from custom identity solutions with the highest pass rates worldwide. Provide your customers with a secure and intuitive onboarding experience on Web3 while complying with market regulations. KYC can help crypto projects detect users' perceived affiliation with money laundering and other malicious activities.Starting Price: $1.90 per verification -
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KYC Hub
KYC Hub
Leverage an end-to-end integrated system that manages the full financial crime lifecycle, offering seamless onboarding, monitoring, and dynamic risk detection in one comprehensive platform. Our cutting-edge solution streamlines your compliance processes, ensuring effective and adaptable risk management. Choose our all-in-one compliance solution for a powerful, adaptable, and efficient approach to managing your organization's financial crime risks. No-code configurable platform to enable orchestrating identity, compliance, and decision flows for any use case. The building blocks to verify, understand, and monitor customers throughout their entire lifecycle. Global knowledge graph of high-risk entities, with continuous updates and advanced risk detection. Verification in less than 5 seconds ensuring swift and efficient verification for enhanced compliance. Most of our customers experienced a 40-55% reduction in compliance costs. -
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Uniify
Uniify
Uniify helps you simplify the process of gathering customer data, meeting KYC, KYB, and credit assessment requirements while saving time, reducing costs, and elevating the customer experience. We help our customers make smarter business decisions with digital solutions that make the onboarding process significantly faster, cheaper, and simpler. With our customized digital onboarding flow, you are guaranteed a better, more secure and smooth customer experience that retains customers and increases revenue. Most of our customers save over 80% in development costs with our solution. We help reduce costs of development, operation, and maintenance without sacrificing quality. No two customers are alike. Use our no-code form builder to build your very own customized forms. With our advanced form builder, you can connect all different sources, create custom onboarding forms and combine them into dynamic onboarding flows. -
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Sanction Scanner
Sanction Scanner
Anti-Money Laundering operations are no more complicated. Anti-Money Laundering operations are not complicated anymore with the power of AI. Our products are easy to integrate and use. You can manage our compliance products through enhanced dashboards. You can plan the control period according to your customers' risk levels with automated daily ongoing monitoring. All customer monitoring checks are performed automatically. As a result, automated daily ongoing monitoring protects your businesses from risks. You can integrate a sanction scanner into your project within a day. It supports all the features of our API/AML solutions. We automate your business' AML control processes with a powerful API that has been powered by webhook and reduces your workload. Webhook provides two-way data transfer between the sanction scanner and your project. -
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GRID
Moody's Corporation
GRID is the world’s most comprehensive risk database of adverse media, sanctions, watchlists, and PEPs. Risk information is curated into detailed profiles by individual or organization, so you can see all associated, risk-relevant data in structured and detailed reports. Conduct effective screening and ongoing risk monitoring with GRID. The combination of powerful data and categorizations means you can filter information by risk type, risk stage, and risk age based on relevance and your own risk profiles. Get precision, fewer false positives, and greater efficiency. If you’re subject to the EU's anti-money laundering directive and need to identify politically exposed persons (PEPs), Moody’s has the solution. Our Nordic PEPs database provides comprehensive and current information on domestic Nordic PEPs and their close relations. -
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Dotfile
Dotfile
Set up one platform to cover all your customer verification needs. Assemble blocks from our Integration catalog to create flows tailored to your business in minutes. Forms, document checks, ID verifications, AML screenings, and more can be mixed and matched to build infinite onboarding scenarios. Avoid complex internal developments, adapt to new regulations, or launch in new countries with ease. Embed our widget in your product with just a few lines of code, or use the hosted version to be live even faster. Personalize the UI and ensure consistency with your brand. Reduce drop-off thanks to automated email communications and reminders. Protect your business against financial, regulatory, and reputational risks by onboarding customers that are right for you. Create custom rules in our no-code editor to automatically approve users, assign risk labels, or perform additional checks. -
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Pascal
Vartion
Pascal is Vartion's unparalleled compliance support platform and an indispensable tool to remain compliant with KYC and CDD requirements. Specially designed for financial institutions and other companies within and outside the financial sector, Pascal analyzes a wide variety of data, identifying suspected compliance issues. Pascal uses AI techniques to support KYC and CDD management as well as other screening processes. Its models are trained to analyze a range of public data, including media data (identifying adverse coverage), in English and a range of other languages. Pascal can even extend its reach to corporate-owned client-specific data. Fewer false positives, extremely fast search, powerful relevance, confidence scoring, and AI-driven adverse media tagging. Analyzes media articles in more than 70 languages. Proprietary data lake of media and improved user experience. Developed by AI experts and finance and risk professionals. -
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Markaaz
Markaaz
Seamlessly identify and verify your business customers while gaining invaluable insights and intelligence to drive your success forward. Increase your KYB approval rates, lower your fraud costs, and capture more revenue. Our APIs are easy to set up and give you real-time, integrated, and automated data delivery. Get data and analytic reports delivered directly into your systems. Verify individual businesses with our business lookup feature, great for customers with low-volume verification needs. Connect with our team to explore a data study of your customer lists. Validate hard-to-identify businesses while managing risk, compliance, and retention. Markaaz verifies the businesses that others can’t. Our global directory and innovative matching algorithms reduce false rejections to substantially increase customer approvals. Access over 70 business data elements, analyzed and validated from multiple global data sources. -
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Formalize
Formalize
Drive more revenue with a sophisticated, end-to-end onboarding experience. Build brilliant customer experiences and keep risk in check with best-in-breed tools. Your entire funnel is under one roof, from lead qualification and KYB to e-signatures, segmentation, and meeting scheduling. Leverage building blocks like custom rules and no-code workflows to automate all of your identity and onboarding processes. Website reviews, sanction screening, and social media checks, on an on-going basis. Clear the path for low-risk users with the smoothest experience. Dynamically adjust application experience in real-time based on risk scores from first and third-party sources. Pinpoint friction points where leads abandon, down to the second or field, with comprehensive analytics and screen recordings. Maximize conversion and boost productivity by 10x. Say goodbye to tedious manual tasks and hello to effortless automation. -
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Binderr
Binderr
Streamline your compliance process and drive efficiency. The market-leading platform with live data sync and custom questionnaires. AI-powered facial recognition technology and identity verification. Biometrics and NFC-based authentication with global coverage. Proof of address checks and iBeta certification. Onboard clients digitally with ease, eliminating the need for certified copies. Create your customizable questionnaires using your firm’s branding. Select questionnaires from our template library. Data is live-synced with the client profile and risk assessments. Fully customizable risk assessments tailored precisely to each firm's unique risk tolerance. Get daily updates on jurisdictional risk from more than 10 sources. Whether you’re a small firm or a fully distributed compliance team around the world, Binderr allows you to focus on what truly matters, your clients and your growth. -
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LexisNexis InstantID Business
LexisNexis
Profitable decisions depend on truly knowing your customer. When you have a customer who is ready to open a business account or secure a loan, LexisNexis InstantID Business helps you quickly capitalize on the opportunity while reducing risk. Through instant access to proven business content, stronger entity linking and advanced analytics, you gain a precise decisioning perspective to speed the onboarding process, reduce customer friction and maximize approval rates through an expansive and accurate view of the business and people associated with it. You will quickly be alerted to “red flags” that warrant further inquiry. InstantID Business gives you the competitive advantage of next generation business verification. Now is the time to put the power of superior verification to work for you to enable real-time decisioning, manage complex fraud and identity rules and sidestep hidden risk. InstantID Business offers a precise business decisioning perspective. -
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Dataleon
Dataleon
Dataleon is an AI-powered platform that automates and optimizes business processes through artificial intelligence, enhancing decision-making and operational efficiency. Our AI marketplace offers pre-trained models for various use cases, enabling quick integration into SaaS platforms. Dataleon ensures data security by adhering to strict standards, with ISO 27001-certified servers located in France, supporting HTTPS and the latest version of TLS, and complying with GDPR regulations. Our platform is designed for professional users, maintaining the privacy of processed data, which is deleted after processing to ensure confidentiality. By leveraging Dataleon's AI solutions, businesses can automate decision-making, streamline workflows, and enhance overall performance, providing reliable and rapid results for their clients. Dataleon helps businesses automate and optimize their decision-making through artificial intelligence, to achieve better results for their customers. -
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Niva
Niva
Niva is a global business identity platform that automates Know Your Business (KYB) processes, enabling institutions to approve businesses faster, safer, and smarter using AI. The platform enhances customer onboarding experiences by eliminating cumbersome email exchanges and document resubmissions, leading to higher application completion rates. Niva's AI conducts comprehensive 360-degree analyses of businesses and their submitted documents, accessing various public and private data sources, including government registries, websites, social media, third-party reviews, and news outlets, to identify sophisticated fraud patterns. The platform interprets complex documents, such as power of attorney and shareholder agreements, with over 95% accuracy within minutes. It performs document tampering checks and due diligence using multiple sources to verify the legitimacy of businesses. Niva's APIs integrate seamlessly into existing onboarding flows. -
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AiPrise
AiPrise
AiPrise is a compliance and identity verification platform that enables companies to onboard both individuals and businesses globally through a unified API and customizable workflow. It offers Know Your Customer (KYC) and Know Your Business (KYB) capabilities by integrating with numerous identity vendors, registry databases, and compliance sources. Its features include one-click KYC (using ID + selfie), support for local identity documents worldwide, enhanced fraud checks via email, phone, and device intelligence, and continuous risk scoring and monitoring. On the KYB side, AiPrise can validate business registration data, verify ultimate beneficial owners and stakeholders, analyze websites and social signals to build richer business profiles, and flag risk via a customizable rule engine. The platform also includes a case management dashboard with audit logs, decisioning tools, alerting, and report exports. To streamline compliance workflows, AiPrise leverages AI assistance. -
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Steward
Steward
Steward is an end-to-end onboarding and Know Your Customer (KYC) platform built for an AI age that streamlines the entire verification process from identity capture through automated checks. The platform integrates a smooth digital workflow including document capture, face-match, liveness detection and identity verification, with AI-driven decisioning and risk-scoring that adapt in real time to changing regulations and threats. It supports multi-jurisdictional compliance, automates sanctions and watch-list screening, and triggers alerts and case management workflows when higher-risk scenarios emerge, helping firms scale due-diligence without manual-intensive review. The system features APIs and embeds easily into existing customer-facing journeys, reducing drop-off and improving conversion, while giving compliance teams a unified dashboard to monitor status, audit trails and risk metrics. -
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Persona
Persona Identities
Persona is the first all-in-one identity platform securely built to help you serve the real people of your business. Securely verify your customers and collect their sensitive information. Everything about your customers' identities, all in one place. Access a holistic profile for each of your customers, compliantly aggregate and redact your customer's sensitive personal information, and easily reverify them against existing information again and again. Whether for customer due diligence and KYC/AML or to underwrite risky individuals, Persona consolidates information from thousands of data sources to help your business make the best decisions. Persona provides a unified dashboard to help your team evaluate suspicious individuals and automate workflows to save time on manual reviews. Create your own lists of information that can be used to block, allow, or place in review individuals and prevent repeat bad actors. -
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Fenergo
Fenergo
Customers expect simple and efficient digital journeys. However, financial firms must gather and validate detailed client information to serve their needs and ensure regulatory compliance. Fenergo makes the complex seem simple by re-using client information already collected or digitally sourcing it within our API ecosystem. We create digital journeys that delight clients and minimize cost to serve. Our community-led regulatory policy and rules ensure compliance by design. Fenergo revolutionizes how Commercial, Business and Retail banks manage customer journeys throughout the customer lifecycle. It empowers banks to deliver a modern, digital experience to customers, from any channel of their choice. By digitally transforming back-to-front office operations, banks can ‘delight’ customers with a truly optimized, efficient and better customer experience through every stage of the customer lifecycle. -
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ComplyAdvantage
ComplyAdvantage
ComplyAdvantage offers AI-driven solutions for fraud detection and anti-money laundering (AML) risk management. Their platform helps financial institutions automate and streamline AML compliance by providing real-time risk monitoring, transaction screening, and customer due diligence. Using advanced machine learning, ComplyAdvantage reduces false positives and shortens onboarding processes while enabling businesses to detect suspicious activity before it escalates. The platform’s features include continuous monitoring of clients, automated screening against global watchlists, and detailed reporting tools to ensure compliance with regulatory requirements. -
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Transigo
Transigo
Whether you are a B2B seller or marketplace, it is challenging to grow your business without offering point-of-sale credit to your customers. But this also creates credit risk and possible cash flow disruptions. Why not get the best of both worlds? We provide the credit on your behalf and take the risk, while you get the cash upfront for immediate business use. Our sophisticated verification algorithms will then digitally perform all relevant KYC/KYB and AML checks. The result? Your customers can be onboarded online within minutes. Buyers authorize Transigo to access their bank account information via Plaid. We then automatically perform a short credit assessment – after which the buyer will receive a full credit line quota. Generous credit terms equals a better shopping experience for your B2B customers – which means a higher chance of repeat business -
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Compliance Catalyst
Moody's Corporation
A powerful, data-driven decision engine that helps you analyze, assess, and monitor third parties. Streamline KYC, AML, and anti-bribery and corruption (ABAC) research, making onboarding and customer due diligence (CDD) more efficient. Compliance Catalyst is powered by the Orbis entity database and GRID, a risk database of adverse media, sanctions, watchlists, and PEPs. Combine your own data, and customer data into your analysis. Compliance Catalyst is a complete risk platform. It’s scalable, fast, and includes a range of modules so you can configure your own solution. As soon as you’ve completed the entity resolution step – linking your subject company to the correct entity in Orbis – you will get an instant screening against watchlists and adverse media, plus an overview of compliance-relevant data, all visible before you start risk assessment. -
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Mesh
Mesh
Coverage with live, continuous data for legitimate registered businesses and state-licensed trade professionals. We approach business entity identity verification with a blend of innovation and simplicity. Our solution uniquely combines multi-factor business signals, dynamic workflows, and an intelligent user interface, all powered by the Mesh Data Network. This network integrates diverse data sources, transforming the intricate task of business entity identity verification into an automated, seamless experience that fosters trust and expedites onboarding. We achieve this by focusing on an exceptionally straightforward and simple user journey, tailored specifically for small businesses, sole proprietors, and professionals. it's a revolution in making business identity verification both delightful and efficient. -
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Atfinity
Atfinity
Atfinity is an award winning no-code platform designed for financial institutions to automate, orchestrate, and optimise client processes. Atfinity makes it possible to quickly build and deploy automated workflows tailored to unique requirements thanks to its intuitive no-code approach. Processes are built in days instead of months and changes are made in hours instead of days. This allows fast adaptation to evolving needs and to respond quickly to regulatory changes. A comprehensive suite of services enables seamless integration of core banking systems or KYC/KYB/AML tools and creates a connected ecosystem. During new client onboardings, the API Framework links Atfinity to the CRM, ID verification provider and document software. When a new CRM record is created, Atfinity triggers ID verification and generates welcome documents upon completion. The software meets strict security standards (ISO27001 certified) and client information is protected at all times. -
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The KYB
The KYB
We are a passionate KYB service provider, delivering reliable and accurate information to businesses worldwide. Our team of experts ensure you get comprehensive Know Your Business (KYB) services that perfectly integrate into your in-house business verification systems, ultimately helping you make informed decisions. -
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Signzy
Signzy
At Signzy, we’re solving for lasting first impressions and seamless new beginnings :) We offer digital onboarding, identity verification, and monitoring solutions across 180+ countries through our no-code platform and APIs. Signzy helps you build trust without hassle—our APIs can be easily added to any workflow with simple widgets and help you with KYC, KYB, AML, fraud checks, bank account verification, and age verification. We work with over 10 fortune 30 companies, all the largest banks in India, a Top 3 acquiring Bank in the US, and have a strong global partnership with Mastercard and Microsoft. The best part? Our customers have seen some delightful results: -4x Applicant growth -99% Reduced fraud -80% Cost reduction -60% Less customer drop-offs Signzy has helped businesses like Stripe, HDFC, PayPal, and AmazonPay be more secure and globally compliant. -
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[GO] Onboarding
Geniusto
The customer acquisition ‘speed-dial’. Your complete onboarding solution for accelerated hyper-scale—with fully configurable KYC and KYB, customized risk-scoring, biometrics and integrations. Like the nervous system sending signals throughout your payment ecosystem, [GO] Connect seamlessly integrates core legacy, Geniusto and 3rd party technology. Easily ensure your business exceeds compliance in any territory with advanced identity verification, data processing and data analysis—to minimize abandonment and maximize revenue. Advanced intelligent customer screening makes compliance a rock-solid given, and advanced monitoring automates crime and money laundering prevention. Improve credit quality and acceptance rates ad make better onboarding decisions with lightning-fast, neutral risk assessments based on custom parameters. -
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DoxAI
Lakeba
DoxAI is your trusted process automation partner, enabling organisations to transition from outdated systems to cutting-edge AI technology. Our platform streamlines the collection, management, processing, and storage of data, enhancing security, reducing operational costs, and boosting customer engagement. DoxAI empowers providers to automate and secure every step of their data and document handling processes. Our suite of products supports end-to-end workflows ensuring privacy and compliance. We adhere to stringent information security standars to safeguard your sensitive data as part of our certifications - SOC2 Type 2, HIPAA, GDPR and PCI DSS. Our technology is available in UI, iFrame or API. Meet us at Booth 108 to see how we automate your business. Let’s shape the future of your processes!
Know Your Business Software Assists in Vetting Potential Partners
In today's complex business environment, companies must be vigilant about who they choose to work with as vendors, partners, or clients. This is where Know Your Business (KYB) software comes into play. KYB applications are designed to verify the background and legitimacy of other companies that an organization may wish to engage with.
What is KYB Software?
KYB software falls into the category of business due diligence along with Know Your Customer (KYC) platforms. While KYC focuses on screening individual customers, KYB targets potential business relationships. The goal of both types is to prevent companies from entering into illegal or unethical dealings by confirming the identity and reliability of the parties involved.
KYB software allows organizations to vet other businesses by checking registrations, financials, legal issues, and other records. This may include confirming business licenses, reviewing litigation history, scanning for criminal connections, and checking creditworthiness. KYB tools leverage vast databases, artificial intelligence, and machine learning to automate the verification process as much as possible.
Benefits of KYB Software
There are several key benefits that KYB software offers:
- Mitigates business risk - By thoroughly vetting vendors, partners, and clients, KYB software reduces the risk of fraud, data breaches, reputational damage, and other issues that could arise from dealing with disreputable companies. This provides peace of mind.
- Saves time and resources - KYB automation allows due diligence that would normally take days or weeks of manual effort to be completed within minutes or hours. This simplifies workflows and frees up staff time.
- Centralizes data - KYB platforms pull together all the required background data on potential business relationships into one centralized dashboard for easy access and oversight. There's no need to dig through multiple systems.
- Provides audit trail - Reviews conducted through KYB software are trackable, providing documentation that proper due diligence was performed in case any questions arise down the road.
- Scalable for large volumes - KYB tools have the capability to handle high numbers of third-party vets, enabling efficient onboarding even when dealing with thousands of vendors or clients.
Use Cases Across Industries
KYB software has many applications across various industries including:
- Finance - Banks, insurance firms, accounting practices, and other financial companies rely on KYB when selecting new institutional clients or business partners to avoid risky associations.
- Legal - Law firms leverage KYB to perform due diligence when taking on new corporate clients or co-counsel relationships.
- Real Estate - Property managers and agents use KYB when evaluating potential commercial tenants.
- Retail - Large retailers integrate KYB into their vendor and supplier approval workflows.
- Technology - Tech firms use KYB software to vet startups they may invest in or partner with.
- Healthcare - Hospitals and health systems conduct KYB checks on medical equipment vendors, drug suppliers, billing contractors, and other third parties.
- Non-Profits - Charities and non-governmental organizations (NGOs) use KYB to validate corporate donors and grant recipients.
- Government - Public agencies employ KYB-style reviews for government contractors, grantees, permit applicants, and bidders on requests for proposals (RFPs).
Best Practices for Implementation
Organizations looking to implement a KYB system should follow these best practices:
- Integrate into onboarding workflows - KYB should become a standard, early step when initiating new vendor, partner, or client relationships.
- Leverage for periodic reviews - Conduct KYB checks on a regular basis even for existing relationships to catch any issues that may have arisen.
- Supplement with manual review - Have personnel verify KYB findings manually as algorithms can sometimes miss nuances.
- Customize for risk level - Adjust the depth of KYB screening based on the assessed risk level of the relationship.
- Document procedures - Detail KYB policies and procedures within vendor management programs for consistency.
- Keep updated - Make sure to keep KYB data current by refreshing regularly. Set triggers for re-checks.
- Watchlist screening - Screen entities against high-risk watchlists that include state sponsors of terrorism, political exposures, and sanctioned countries.
KYB software has become an essential component of modern third-party risk management programs. By thoroughly vetting potential business relationships, organizations can reduce exposure to financial, operational, and reputational risk across sectors.