Know Your Customer: Business KYC & KYB Verification
Know Your Customer helps financial institutions and regulated businesses conduct business KYC and KYB checks. It may be useful for teams that need to verify corporate ownership and UBOs across multiple global jurisdictions.
At a glance
- Best for
- Financial services companies, Fintech companies, Banks, Corporate service providers, Real estate firms
- Pricing
- Pricing follows a quarterly subscription model. It includes retrospective billing for excess usage if case loads exceed the chosen plan.
- Key use cases
- Corporate Onboarding, UBO Unravelling, Ongoing Compliance Monitoring, Digital Identity Verification
- Integrations
- REST API
- Official website
- Visit know your customer official website
Know Your Customer is a compliance verification platform designed for regulated entities such as banks, fintechs, and corporate service providers. It focuses on verifying the identity and ownership structure of business clients through registry data and automated tools.
The software is designed for organizations that perform Know Your Business (KYB) and Anti-Money Laundering (AML) checks on a global scale. It provides access to official company registries and uses AI to read documents and identify Ultimate Beneficial Owners (UBOs).
Buyers can choose between a compliance workspace with risk engine workflows, a REST API for data access, or a review tool for ongoing monitoring. This modular approach helps businesses select specific components that fit their internal compliance requirements.
Before choosing the software, buyers should confirm if the registry coverage for their specific target countries is sufficient and how the retrospective billing model for excess usage aligns with their budget forecasting.
Key Features
Real-time Registry Connections
Provides access to company registries in over 140 countries to retrieve official corporate data.
AI-Powered Document Reading
Uses artificial intelligence to read and extract key information from official company documents.
UBO Identification
Supports the identification of shareholders and Ultimate Beneficial Owners across borders.
AML Screening
Screens identified directors and shareholders against international sanction lists.
KYC Workspace
A digital compliance platform that includes risk engine workflows and reporting tools.
REST API
Allows organizations to integrate registry data and verification checks into their internal systems.
Use Cases
Corporate Onboarding
Verifying the legal existence and ownership structure of new business clients during onboarding.
UBO Unravelling
Identifying the natural persons who own or control a corporate entity across different jurisdictions.
Ongoing Compliance Monitoring
Performing periodic KYC refreshes and continuous AML screening to update customer records.
Digital Identity Verification
Collecting and validating identity documents from remote individual clients via web and mobile portals.
Best For
- Financial services companies
- Fintech companies
- Banks
- Corporate service providers
- Real estate firms
Integrations
- REST API
Pricing
Pricing follows a quarterly subscription model. It includes retrospective billing for excess usage if case loads exceed the chosen plan.
FAQ
What is the difference between KYC and KYB in this platform?
- KYC typically refers to individual identity verification, while KYB (Know Your Business) involves verifying the corporate and ownership structure of business clients, including identifying Ultimate Beneficial Owners.
How does the pricing model work?
- The service uses a quarterly subscription model. If case loads exceed the limits of the current plan, retrospective billing is applied for that excess usage.
Can this software replace compliance staff?
- No, the software is designed to complement a compliance team by providing data and automation; a human expert is still required to make final regulatory decisions and verify documents.
Source category: Finance & Accounting
Source subcategory: Identity Verification
More tools in Finance & Accounting
Other published listings in the Finance & Accounting category.
More tools tagged “Identity Verification”
Related listings that share the same software type tag.
Categories
Software Type
How AI is used
Know Your Customer is a compliance platform for financial institutions and regulated businesses that supports business KYC, KYB, and AML verification. It uses AI-powered document reading and real-time registry access across 140+ countries to identify corporate owners. Buyers should note that it is designed to support, not replace, in-house compliance personnel.
Pros & Cons
Pros
- Global reach with registry connections in over 140 countries.
- Modular design allows buyers to pick features they need.
- Supports a variety of languages and character scripts for international data.
- Provides an API for technical teams to facilitate system integration.
Cons
- Retrospective billing for excess usage may affect cost predictability.
- Designed to complement compliance teams rather than replace human forensic verification.
