Tagged: know your business

March 3, 2024 @ 10:00 pm By Omar Faridi  |  

Equifax (NYSE: EFX) is launching a real-time, Know Your Business (KYB) online Business Verification Solution offering “to help U.S. lenders and businesses of all sizes make faster, more informed decisions before onboarding new accounts or vendors.” New business applications in the United States have “been… Read More

November 11, 2023 @ 2:19 pm By Omar Faridi  |  

In May of this year, Deloitte announced the integration of KILT for creating new markets with reusable KYC (Know Your Customer) and KYB (Know Your Business) digital credentials. The first Deloitte credentials “are now live.” KYC/KYB credentials are increasingly required “for regulatory reasons to verify… Read More

July 25, 2023 @ 8:00 am By Omar Faridi  |  

One of the biggest challenges faced by regulated and non-regulated companies is assessing whether or not another business is “safe to work with,” according to an update from ComplyAdvantage. Existing approaches rely “on manual research across multiple siloed sources.” This is time-consuming and “fails to… Read More

June 7, 2023 @ 7:43 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, today released new capabilities that cement its position as the premier source for automated business and person verification workflows. The latest update bolsters Trulioo global leadership by “expanding geographic coverage and localization for person verification and further automating business… Read More

May 25, 2023 @ 3:32 pm By Omar Faridi  |  

Vespia, an AI-powered Business Verification Service for verifying and onboarding business customers that helps minimize the risk of fraud, has highlighted the significance of business verification for non-AML obligated firms, like supply chain, digital commerce, as well as the sharing economy. Vespia explains that by… Read More

May 7, 2023 @ 3:07 pm By Omar Faridi  |  

BOTLabs GmbH, developer of KILT Protocol, and Deloitte Consulting AG announced the integration of KILT blockchain technology for issuing reusable digital credentials to support KYC and KYB processes. These credentials “have multiple use cases including regulatory compliance for banking and Decentralized Finance (DeFi), age verification… Read More

April 13, 2023 @ 1:56 am By Omar Faridi  |  

Sumsub, a global tech company that provides customizable KYC, KYB and AML solutions for the whole user journey, published its Complete Guide to Transaction Monitoring “to provide a detailed picture of transaction monitoring as an integral part of the verification system.” The guide was “prepared… Read More

March 22, 2023 @ 10:30 pm By Omar Faridi  |  

Alloy, the Identity Decisioning Platform for banks and fintech companies, today announced its partnership with Kyckr, a corporate KYC company providing businesses with real-time data on prospective and existing customers and suppliers. The partnership “gives Alloy’s 350+ clients — including Carta, Ramp, and Brex —… Read More

August 25, 2022 @ 10:10 am By Omar Faridi  |  

Standard Chartered announced that it has invested funds in Hong Kong-based KYC, KYB and data management platform with the aim of “accelerating the company’s product development and boosting its sales organization – both to meet the increasing demand of the global identity verification market for… Read More

August 23, 2022 @ 10:47 pm By Omar Faridi  |  

PassFort, A Moody’s Analytics Company that provides a SaaS Regtech platform that automates anti-financial crime and compliance processes, announced that OneBanx the shared banking innovator, “has chosen to use PassFort’s Know Your Business (KYB) workflow solution to create a seamless onboarding experience for business customers.”… Read More