The KYB

What is The KYB?

The KYB is a verification tool that aims to cater to businesses globally, providing solutions for Business Information Collection, Business Verification, Risk Assessment, UBO Identification, Perpetual KYB, and Centralized Reports. It allows for real-time access to comprehensive data, helping with business verification, regulatory compliance, and trust-building among partners. The tool offers features like real-time verification, risk assessment, ongoing monitoring, centralized reports, and identifies high-risk entities quickly. It operates across 250+ countries and states, ensuring accuracy and reliability in the data provided.

Who created The KYB?

The KYB was founded in 2021 with a vision to cater to every business worldwide. It was officially launched on February 18, 2023. The company was established by Mark Bain, the CEO of The KYB. The organization's mission is to provide exceptional service and ensure KYB compliance for businesses globally. The KYB is now operational in over 250 countries and states, serving as the world's largest and most accurate primary data source for business verification.

What is The KYB used for?

• API integration
• Risk assessment
• Identify high-risk corporate partners within seconds
• Uncover complex legal structures with ease
• Mitigate emerging risks through ongoing monitoring
• Secure all your business records in one place
• Collect company information using questionnaires
• Verify business information across 250+ countries & states
• Meet KYB compliance through proactive risk management
• Discover Ultimate Beneficial Owners (UBOs) & corporate structure
• Ongoing monitoring & alerts
• Consolidate all your data in one place securely
• Enhanced Due Diligence - Official documents & reviews to unveil indirect ownerships
• Customizable business onboarding forms
• Verify business registration details via official sources
• Collect officers and organizational structure details
• Identify beneficial owner details
• Access public business filings
• Request official documents (e.g., articles of association, certificate of incorporation)
• Verify licenses and permits
• Evaluate indirect ownership in complex structures
• AML for business
• Adverse media checks
• Regulatory enforcements
• Assess financial performance records
• Business Information Collection
• Business Verification
• UBO Identification
• Perpetual KYB
• Enhanced Due Diligence
• Compliance Screening
• Alerting & Monitoring
• Centralized Reports
• Conduct ongoing monitoring & alerts on business profiles
• Consolidate business data in one secure location
• Unlock business data insights through Enhanced Due Diligence
• Automate business verification across countries & states
• Discover Ultimate Beneficial Owners (UBOs) & corporate structures
• Streamline business onboarding processes with customizable forms

Who is The KYB for?

• Fintech
• Banking
• Crypto
• Healthcare
• E-Commerce
• Real-Estate
• Professional services
• Fintech Professionals
• Banking professionals
• Crypto professionals
• Healthcare professionals
• E-commerce professionals
• Real estate professionals
• Professional Services Professionals
• Lawyers

How to use The KYB?

To use The KYB tool effectively, follow these steps:

1. Business Information Collection:

   • Utilize the no-code form builder to request business information from partners.
   • Set custom rule-sets and collect vital documents securely.

2. Business Verification:

   • Verify business information across 250+ countries using automated processes.
   • Ensure compliance with global Anti-Money Laundering (AML) requirements.

3. Risk Assessment:

   • Configure risk-scoring rulesets for automated decision-making.
   • Identify high-risk entities and assess geographical, financial, and political risks.

4. UBO Identification:

   • Discover Ultimate Beneficial Owners (UBOs) swiftly.
   • Conduct AML screening and identity verification to comply with regulations.

5. Perpetual KYB:

   • Enable ongoing monitoring to stay informed of any changes in business profiles.
   • Receive alerts on address changes, regulatory enforcements, and more.

6. Centralized Reports:

   • Maintain all business records securely in one place.
   • Generate detailed audit reports and have quick access to information when needed.

7. Enhanced Due Diligence:

   • Request official documents and enhanced reports effortlessly.
   • Gain additional insights to unveil indirect ownerships and assess financial performance.

8. API Integration:

   • Develop seamless integrations with external systems using The KYB's comprehensive API documentation.

The KYB tool aims to simplify KYB processes, enhance regulatory compliance, and provide real-time access to reliable business data from global sources. By following these steps, businesses can streamline onboarding, mitigate risks, and build trustworthy relationships with partners.