The KYB

This AI tool offers a compliant solution for business onboarding in multi-jurisdictional environments. It provides real-time access to over 250 authentic data sources and covers more than 250 countries and states, ensuring an efficient business onboarding experience. 

The tool features a streamlined Know Your Business (KYB) process, allowing users to verify business partners using global company data. The process involves searching for the company using its name or registration number, retrieving information in real-time, and exploring global insights about the business.

Key features of the KYB include verifying and onboarding businesses quickly, identifying ultimate beneficial owners in seconds, and screening company information against official data sources. It also helps in uncovering complex legal structures, mitigating risks through ongoing monitoring, and securing all business records in one place. 

The business information collection aspect of the tool involves real-time data collection and enhanced due diligence through trained professionals, optimizing the KYB process. Business verification is streamlined by verifying information such as filing documents and business registration from official company registries. 

For risk assessment, the tool accelerates trust among partners with customizable questionnaires and fraud prevention rules, assessing geographical and political risks in real-time. In identifying ultimate beneficial owners (UBOs), the tool helps in visualizing ownership structures and uncovering corporate risks. 

The perpetual KYB feature allows for continuous monitoring of business alliances against business data sources and AML lists in real-time. Finally, the centralized reports feature consolidates all customer data in one secure location, facilitating easy access for manual review and compliance reporting.