The KYB
4.13
0
KYB verifies businesses globally with real-time data, risk assessment, UBO identification, and centralized reports across 250+ regions.
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:
-
Business Information Collection:
- Utilize the no-code form builder to request business information from partners.
- Set custom rule-sets and collect vital documents securely.
-
Business Verification:
- Verify business information across 250+ countries using automated processes.
- Ensure compliance with global Anti-Money Laundering (AML) requirements.
-
Risk Assessment:
- Configure risk-scoring rulesets for automated decision-making.
- Identify high-risk entities and assess geographical, financial, and political risks.
-
UBO Identification:
- Discover Ultimate Beneficial Owners (UBOs) swiftly.
- Conduct AML screening and identity verification to comply with regulations.
-
Perpetual KYB:
- Enable ongoing monitoring to stay informed of any changes in business profiles.
- Receive alerts on address changes, regulatory enforcements, and more.
-
Centralized Reports:
- Maintain all business records securely in one place.
- Generate detailed audit reports and have quick access to information when needed.
-
Enhanced Due Diligence:
- Request official documents and enhanced reports effortlessly.
- Gain additional insights to unveil indirect ownerships and assess financial performance.
-
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.
Pros
- 225+ reliable data sources
- Real-time data access from official public registries
- Cost-effective business verification solutions
- Retrieve on-demand official business documents and enhanced reports
- Consolidate all your data securely in one place
- Ongoing monitoring & alerts capabilities
- Discover Ultimate Beneficial Owners (UBOs) & corporate structure easily
- Meet KYB compliance through proactive risk management
- Verify business information across 250+ countries & states
- Customizable business onboarding forms
- Official documents & reviews to unveil indirect ownerships
- Enhanced Due Diligence capabilities
- Secure all your business records in one place
- Mitigate emerging risks through ongoing monitoring
- Uncover complex legal structures with ease
Cons
- Limited industries coverage
- Inadequate security measures
- Lack of transparency on data sources
- Limited geographic coverage
- Overcomplicated interface
- Unknown pricing details
- Limited API documentation
- Lack of customization options
- No stated GDPR compliance
The KYB FAQs
-
What is the KYB Verification tool?
- The KYB Verification tool is a comprehensive solution designed to empower global businesses to build trust and develop a risk-free corporate environment. It provides a range of solutions for businesses, including Business Information Collection, Business Verification, Risk Assessment, UBO Identification, Perpetual KYB, and Centralized Reports. It gives real-time access to comprehensive information to businesses, helping them verify businesses, meet regulatory compliance, and build trust among their partners.
-
What does the Business Information Collection feature in KYB do?
- The Business Information Collection feature in KYB streamlines due diligence in real-time. It collects accurate and reliable information about your partners and customers, ensuring secure onboarding and facilitating global expansion.
-
How does the Business Verification feature in KYB work?
- KYB's Business Verification feature verifies the information of other companies against more than 225 reliable data sources. It's a fast and automated process that ensures global Anti-Money Laundering (AML) requirements are met.
-
Can the KYB Verification tool assist in risk assessment?
- Yes, the Risk Assessment feature in KYB assists in identifying high-risk entities and assessing geographical and political risks in real time, helping companies avoid potential fines and reputational damages.
-
What is UBO Identification in KYB?
- UBO Identification in KYB is a feature designed to uncover complex legal structures by identifying Ultimate Beneficial Owners (UBOs) within seconds, providing transparency and assisting in detecting corporate risks.
-
What does the Perpetual KYB feature offer?
- The Perpetual KYB feature provides ongoing monitoring and verification of client data against updated official sources, effectively mitigating emerging risks through continuous monitoring.
-
How can I benefit from the Centralized Reports feature in KYB?
- The Centralized Reports feature in KYB provides secure storage for all business verification details in one location, allowing quick access to data for manual reviews, maintaining detailed compliance logs, and generating & submitting reports to regulatory bodies in required formats.
Get started with The KYB
The KYB reviews
Kiran Reddy
December 24, 2024
What do you like most about using The KYB?
The global coverage is impressive, which is essential for my international dealings.
What do you dislike most about using The KYB?
The pricing model is not very transparent, and it can be difficult to understand the cost implications.
What problems does The KYB help you solve, and how does this benefit you?
It assists with compliance and verification, but the unclear pricing makes it hard to budget for.
How would you rate The KYB?
What’s your thought?
Are you sure you want to delete this item?
Report review
Helpful (0)
Luca Ricci
December 11, 2024
What do you like most about using The KYB?
The tool is extremely effective for ongoing monitoring of our business partners.
What do you dislike most about using The KYB?
It can be a bit slow at times, especially with larger datasets.
What problems does The KYB help you solve, and how does this benefit you?
It helps us ensure compliance and reduces the risk of engaging with high-risk entities.
How would you rate The KYB?
What’s your thought?
Are you sure you want to delete this item?
Report review
Helpful (0)
Hailey Brown
December 16, 2024
What do you like most about using The KYB?
The real-time data access is a significant advantage for compliance and risk management.
What do you dislike most about using The KYB?
It requires a bit of training for new users to get accustomed to all the features.
What problems does The KYB help you solve, and how does this benefit you?
It streamlines our verification processes, making it easier to maintain compliance with varying regulations.
How would you rate The KYB?
What’s your thought?
Are you sure you want to delete this item?
Report review
Helpful (0)
The KYB alternatives
