Product Announcement: U.S.A. Registry Coverage Expansion

Hong Kong, Dublin, Singapore & London, 19 October 2022 – Award-winning RegTech provider Know Your Customer has today announced the expansion of its registry coverage to include all 50 State registries in the United States. 

Users of the solution will now be able to access official corporate information on 30+ million companies registered in the United States both through the highly intuitive Know Your Customer platform and single API. 

This update brings the total of countries covered by Know Your Customer to 126, further strengthening the company’s position as the No.1 KYB provider in the industry by breadth and depth of coverage. 

Instead of relying on static information gathered in a database and only updated at intervals, Know Your Customer’s technology enables compliance teams and KYC analysts to embrace live, on-demand corporate data. In the exact moment that a new corporate client needs to be onboarded, compliance officers can trigger a request to the relevant company registry via the Know Your Customer platform or API. The most up-to-date corporate information available is downloaded right then.  Details extracted from documents are then presented in standardised formats and highly intuitive shareholding structures, automating the still mostly manual tracing and organisational chart drawing by compliance teams. 

Corporate information retrieved from registries in the U.S. and globally is verified at the point of entry as well as continuously. Based on clients’ configuration settings, the KYC risk engine automatically applies the relevant profile to each corporate customer, triggering full KYB recertifications if and when required. The system then automatically and intuitively flags any material changes such as an address amendment, new appointments and removals of officers, directors and shareholders, and new filings of documents.

In June 2022, Know Your Customer announced its most significant product release to date with a registry coverage expansion to 123 countries globally. These include potentially challenging registries for international businesses such as Hong Kong, Mainland China, Indonesia, the Philippines, Cayman Islands and British Virgin Islands (BVIs). Since then, Know Your Customer added registry connections to Belize, Nigeria and, as of today, all 50 state registries in the United States. 

The company recently unveiled new client wins with Tricor in Hong Kong and Aspire in Singapore, as well as a strategic partnership with transaction monitoring provider Hawk AI. 

Know Your Customer is an award-winning RegTech company specialised in next-generation digital onboarding and KYB automation solutions for corporate clients.

With offices in London, Dublin, Hong Kong, Singapore, and Shanghai, Know Your Customer has established a global reputation for excellence with clients across 11 verticals – including banking, FinTech, insurance, payments, real estate, asset management, legal firms – and 18 jurisdictions.