TrustCloud KYB

Know Your Business (KYB) in seconds to secure your B2B relationships and transactions.

TrustCloud KYB digital solutions verify information about all businesses and companies, and fully automates a company’s registry data

Helps to optimize workflows in business-related Know Your Business (KYB), Anti-Money Laundering (AML), Know Your Customer (KYC) and Customer Due Diligence (CDD) processes.

TrustCloud KYB provides real-time identification and verification of company data through official records and databases.

Completes an AML verification of the company through international sources of watchlists, and analyzes the Ultimate Beneficial Owner (UBO) structure.

It performs an instant electronic identity (eID) verification for all individuals considered as UBO.

TrustCloud KYB analyzes, verifies and delivers business intelligence in 250 million companies in more than 84 countries worldwide.

Benefits

Validate 250 million companies worldwide in real time.

Access nearly 200 government databases and other public & official registries.

Verify businesses in more than 80 countries.

Automatically obtain official company documents and incorporate them into your processes.

Reduce the risk of forged document fraud.

Customize verification rules to maximize match rates between received and required data.

Get transparent verification results for business information about companies.

Have advanced metrics and reports for monitoring company performance and financial health.

Track every business transaction and get a simplified audit.

Identity verifications and automate complex workflows, activities and analysis.

Automation and artificial intelligence at the service of all your processes

With TrustCloud KYB’s integrated Optical Character Recognition (OCR) technology, its Artificial Intelligence (AI) and Natural Language Processing (NLP) tools, unmanageable and tiresome manual documentation processes are transformed into automatic, instant and fully secured digital workflows.

Access secure, official and reliable data sources to automatically verify any company’s details. Verify validation lists and identify and verify company UBOs, all through a single API integration.

TrustCloud KYB helps automate and optimize workflows related to compliance issues, reduces manual back-office operations, makes the most of digital processes, decreases fraud risk, and allows companies to focus on key legal and compliance considerations.

FAQS

What exactly does KYB mean?

KYB (Know your Business) refers to a regulatory obligation established by companies to prevent fraud in their business-to-business (B2B) relationships and transactions. KYB verification consists of an exhaustive examination of a company, its activity, its identity data, its financial health, its history, its practical information and the information about the people related to it.

What are the basic KYB requirements?

KYB frequently consists of an Anti-Money Laundering (AML) compliance that requires verification of the following aspects of an entity:

Registration and business license: establish that the entity exists and is real.
Identity of the directors, managers and other owners (UBO): to which a Know Your Client (KYC) process must be executed.

Why is KYB important?

KYB ensures fraud prevention and productive regulatory compliance in certain areas, such as in the anti-money laundering case or in transparency. All this helps businesses achieve quality, competence, credibility and authority in the market. The better the rating a company has from the authorities and the market, the higher the business leads it attracts.