KYB

Know Your Business

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Live Access to
Company Registries

for On-Going
Documentary Evidence

The traditional  approach to Know Your Business (KYB) & AML compliance consists of compiling a database of all entities and their beneficial owners. Although this model allows for fast access, it lacks documentary evidence and its data is by principle often inaccurate and outdated, making this approach incompatible with full compliance with regulations.

Know Your Customer’s platform, on the other hand, is based on live access to documents from official company registries and extraction of truly reliable information on-demand and in real time.

Our innovative approach means that ownership and controlling person information is always accurate as of that minute, and audit-ready documentary evidence is always at compliance teams’ fingertips.

The traditional  approach to Know Your Business (KYB) & AML compliance consists of compiling a database of all entities and their beneficial owners. Although this model allows for fast access, it lacks documentary evidence and its data is by principle often inaccurate and outdated, making this approach incompatible with full compliance with regulations.

Know Your Customer’s platform, on the other hand, is based on live access to documents from official company registries and extraction of truly reliable information on-demand and in real time.

Our innovative approach means that ownership and controlling person information is always accurate as of that minute, and audit-ready documentary evidence is always at compliance teams’ fingertips.

1

Document Collection

Automatically retrieve official incorporation documents from company registries, eliminating the need for certified copies and drastically reducing delays.
2

Data Assessment

Accelerate KYB checks and corporate client onboarding by employing Optical Character Recognition (OCR) and AI to extract and compare all relevant details from the official filing documents.
3

On-Going Monitoring

Perform continuous AML screening for all corporate entities and individuals within the system, ensuring on-going regulatory compliance.
4

Reporting & Intelligence

Automatically record key KYB information in an immutable audit trail; easily create customised reports, in real time and on demand.
1

Document Collection

Automatically retrieve official incorporation documents from company registries, eliminating the need for certified copies and drastically reducing delays.
2

Data Assessment

Accelerate KYB checks and corporate client onboarding by employing Optical Character Recognition (OCR) and AI to extract and compare all relevant details from the official filing documents.
3

On-Going Monitoring

Perform continuous AML screening for all corporate entities and individuals within the system, ensuring on-going regulatory compliance.
4

Reporting & Intelligence

Automatically record key KYB information in an immutable audit trail; easily create customised reports, in real time and on demand.

Efficient Corporate Onboarding

Driven by Automation

To accelerate the Know Your Business process, our solution employs a combination of Optical Character Recognition (OCR) and Artificial Intelligence to digitise the key manual steps any compliance officer would need to go through when onboarding a new corporate client.

Shareholder and controlling person information – automatically sourced from official documents – is used to identify corporate entities’ Ultimate Beneficial Owners (UBOs) in a matter of seconds. Our system is then able to automatically unravel multiple layers of ownership and present the verified information in extremely intuitive company structure charts for compliance officers to review.

Finally, we provide multiple options to quickly and securely collect information and documents from individual shareholders and directors, including the Know Your Customer mobile app and Web Browser portal. Rest APIs for fast integration and a more seamless customer experience are also available.

Real-Time Connection
to Official Registries

By acquiring official incorporation documents directly from the company registry, our solution reduces the time needed for corporate client onboarding by up to 86%, minimising customer friction and accelerating access to revenue.

Instant UBOs &
Company Structure Charts

Our technology utilises information extracted from official filing documents to identify corporate entities’ Ultimate Beneficial Owners (UBOs) and build complex company structure charts in a matter of seconds.

On-going
AML Screening

As our system identifies a new corporate entity or an individual as part of a KYB case, it automatically screens them for any AML activity, continuously monitoring their status and instantly flagging any changes in their situation.

Linkage &
Duplicate Detection

By centralising all customer onboarding activities for both individual and corporate clients, Know Your Customer is able to automatically identify relevant links between existing cases and instantly detect potential duplicates to prevent unnecessary repetitions or data pollution.

API Integration &
Batch Upload Portal

Our solution runs on an API-based infrastructure for fast implementation and seamless integration. We also provide an easy-to-use batch upload portal which empowers compliance teams to instantly and securely import long back logs into the Know Your Customer’s platform.

ImmutableAudit Trail

Our Immutable Audit Trail contains all the details and steps of any KYB & KYC case, from inception to close. Actions and events are stored in a concise, immutable record which can be easily consulted by team members and retains documentary evidence for auditors.

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