Know Your Business (KYB)

Build trusted relationships with streamlined business onboarding

Auto validate companies in all 50 states in America
Tailor your onboarding process to the risk of the customer
Seamlessly integrate within the onboarding journey

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A KYB solution that delivers multi-dimensional value

60s

to onboard a customer

By automating the KYB workflow without compromising on risk.

Increase in conversion

Achievable by accelerating the speed at which accounts are opened.

50%

Increase in cases processed per month

Without increasing headcount by using dynamic risk scoring to improve case allocation.

How is KYB from ComplyAdvantage different?

Multi-layered risk scoring

Drive automation: Enable straight-through processing, escalation to senior staff, and more.
Accurately model your risk policy: Our highly configurable system enables you to improve the efficiency of the onboarding flow.

World’s only real-time risk database

Confidently mitigate risk: OFAC lists are updated every 15 mins.
Reduce false positives: Improve the accuracy of your results with our leading matching technology.
Automate ongoing monitoring: Never miss changes to your customers’ risk.

“As a digital trade finance platform, automated onboarding and efficient KYB is critical for 40Seas. ComplyAdvantage’s KYB solution was really easy to get up and running.

We’re able to verify our customers in seconds, improving the customer experience and ensuring we can mitigate risk effectively”

~ Igor Zaks, Co-founder and Chief Risk Officer, 40Seas

How does the KYB process work?

Automatic business verification

Customer details are automatically compared to Secretary of State data to reduce analysts’ work.

TIN screening

TIN checks against IRS register to mitigate the risk of fraudulent businesses.

Risk scoring

Highly-configurable dynamic risk scoring greatly increases efficiency while retaining your risk-based approach.

Screening

Screen the company, owners, and directors for OFAC, PEPs, adverse media, and more with the world’s only real-time risk database.

Automated ongoing monitoring

Be alerted to any changes in the screening status of the company, owners, and directors.

Automated decisions

Save time by configuring KYB to automatically accept or reject businesses based on their risk level.

API

Integrate seamlessly with your systems via our REST API.

Case management tools

Smooth, next-gen experience with escalation options, notes, and more.

Reporting

Access rich insights and data into your screening program, customer risk, and team performance. Accessible via our in-app dashboards or export the data.

Audit tools

Full details of the case in a comprehensive PDF report.

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Adverse Media Screening

Cut through the noise and analyze true adverse media context at scale with our robust adverse media screening software.

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Transaction Monitoring

Powered by AI, our transaction monitoring solution offers a no-code, self-serve rules builder and can be scaled to billions of transactions.

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Know Your Business FAQs

KYB by ComplyAdvantage helps you reduce the cost of customer onboarding while delivering a better experience and protecting the business from high-risk business relationships. With our easy to use, unified KYB and AML management platform, you can enhance your decision making processes and reduce friction by utilizing the solution in your internal systems through a REST API.

Yes. Data relating to UBOs, directors, and other associated entities can be added to each created case. This includes client-declared information, details you may have retrieved from other regional registries (e.g., UK Companies House), and information garnered through analyst investigations.

Yes. TIN/EIN numbers can be checked to ensure they match official records.

Through the solution’s dynamic risk scoring functionality, you can apply your own risk formula and get alerted if the score updates due to a change in perceived risk.

Get started with ComplyAdvantage today

Streamline your Know Your Business Processes. Schedule a demo to see how KYB can make your job easier.