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.
Benefits
Identity verifications and automate complex workflows, activities and analysis.
Automation and artificial intelligence at the service of all your processes
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?
- 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.
