KYB Solutions
Know Your Business
It’s important that only trusted businesses are part of your network, and KYB (Know Your Business) checks are a big part of protecting your business and ensuring that happens.
With our KYB solutions packages, we can run automated checks that will ensure that there is no risk associated with the businesses you are onboarding. This gives you the peace of mind knowing that you are partnering with trustworthy entities.
Benefits of using 123signed for KYB
Our know your business solutions will allow for the speedy and accurate identification of businesses and any possible risks associated with them to make sure your business is safeguarded and that all compliance regulations are met. The integration process of our KYB compliance solutions pages is seamless which means you can be up and running quickly and can start protecting your business. Benefits of our KYB compliance solutions packages are:
Accurate verification
With advanced AI technology, reducing the risk of fraud and supporting informed decisions
Streamlined processes
Fast and efficient verification of identity and business information, no manual process
Regulation complaince
Compliance with regulations, reducing the risk of penalties and legal consequences
Risk management
Better risk management by identifying potential risks and verifying the legitimacy of customers
Customer experience
Streamlined due diligence processes for checks, making it easier to do business with you
Increase efficiency
Accelerate your KYB checks to focus on safe business growth and reduce the time to revenue
Features of 123signed's KYB solution
Client analysis and validation
Comprehensive analysis and validation of client information, including company registration data, ownership information, and financial statements.
Verification of UBO's and directors
Advanced tools for verifying the identity and ownership information of ultimate beneficial owners (UBOs) and directors.
Business compliance documents
A range of compliance documents, including anti-money laundering (AML) and counter-terrorist financing (CTF) documents, to help ensure compliance with regulatory requirements.
Centralised document collection
A centralised platform for collecting and storing important compliance documents, making it easy to manage and track documentation.
Biometric checks
Biometric technology to ensure that the individuals associated with a business are who they claim to be.
Web activity
123signed monitors web activity and screens for any potential red flags, allowing you to identify potential risks and ensure compliance with regulations.
Web screening
Web screening tools to help you identify potential risks associated with a business or individual, including sanctions lists, PEP lists, and watchlists.
Verification checks
Comprehensive verification checks for a range of business and individual data, including identity verification, address verification, and document verification.
The escalating costs of global financial crime compliance
The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial crime compliance costs. According to the recent findings of the True Cost of Financial Crime Compliance Study by LexisNexis Risk Solutions for 2023, the increasing costs have surpassed a staggering $200 billion. The surge in
The escalating costs of global financial crime compliance
The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial crime compliance costs. According to the recent findings of the True Cost of Financial Crime Compliance Study by LexisNexis Risk Solutions for 2023, the increasing costs have surpassed a staggering $200 billion. The surge in
Frequently Asked Questions
Q.
What is KYB?
KYB or know your business is often known as corporate KYC. It effectively allows you to legitimise a business and ensure you are safe to do business with them.
Q.
Why do I need KYB Compliance Solutions?
KYB compliance solutions are integral for businesses to check the identification and risk associated with any business that you are working with to avoid any compliance issues further down the road.
Q.
What does the 123signed KYB solution offer?
The 123 Signed KYB solution is very easily integrated and can offer in-depth reporting and analysis of the businesses that are checked and verified giving you valuable data and insight.
Be confident in your KYB
monitoring with 123signed
We offer a fully supported service designed to help your company maintain compliance through your payment portal.
Customer Onboarding
Expert Support
Customer Onboarding
